Lake Nakuru National Park is choking of solid and liquid waste pollutants emanating from upstream more so during the windy and rainy seasons. Due to the nature of terrains, most of the flashflood water and the drainage system find its way to the lake. The strong winds from the upper area of the town collect waste which ends up on top of the forest trees around the lake. Further, at times the sewer system bursts and discharges the raw sewer to the park. These unfortunate incidences lead to damage or destruction of the ecosystem that has been protected over the years. The purpose of the study was to examine the influence of Corporate Social Responsibility on Industrial Waste Management within Nakuru Environs and Lake National Park. The study adopted Stakeholders and Institutional theories for its study. A sample of 55 employees of Lake Nakuru National Park and 15 Community Business Leaders were used for the study. Primary data was collected using questionnaires and interview schedule. It was established that an effective industrial waste management practices on the environment has positive economic effects for businesses prosperity, flora and fauna conservation as well as a sustainable environmental. Environmental conservation awareness trainings for most businesses had been undertaken. Most of the business people held some sense of responsibility on managing waste as they conduct their businesses but the issue mainly lies on the part of the consumer’s disposal of packaging materials. Consumers were also becoming increasingly aware, sensitive and alive to the fact that a clean and safe environment is important. The emerging model shows the need to shift from the traditional 3Rs to 5Rs, owing to changes in national environmental policies, which emphasis on the use of Repackaging of products in terms of quality management, and reduce as additional waste management practices, thus, a shift from the 3Rs to 5Rs. The study recommended that the Ministry of Environment and Natural Resources should mobilize financial, technical and physical resources for building the capacity of the local community, and the business community towards effective industrial waste management. There should be strict compliance to industrial waste management policies by all stakeholders. Emphasis on the 5R’S from the marketing perspective was also recommended. This way, waste will be minimized and the environment will be conserved. The recommendations will be beneficial to the County Government, the Business Community as well as the Park Management. It can also assist the National government in formulating policies that can assist in addressing issues to do with environmental concerns and management.