Do corporate social responsibility (CSR) reports provide shareholders and stakeholders with useful information on corporate soci

Do corporate social responsibility (CSR) reports provide shareholders and stakeholders with useful information on corporate soci Essay example
Masters
Essay
Finance & Accounting
Pages 5 (1255 words)
Download 0
Corporate Social Responsibility Reporting Name Institution Instructor Course Corporate Social Responsibility Reporting Over the past a couple of decades, the number of companies preparing CSR in their reporting has been growing rapidly. There are a couple key reasons behind the reporting…

Introduction

the material costs relating to regulatory compliance. In the developed countries i.e. United States, Canada, and Australia among other countries, there has been a growing need for CSR reporting i.e. because of the stakeholders’ pressure and increased public awareness. Company’s shareholders, stakeholders and CSR reporting One of the key reasons why companies prepare the CSR reports is to offer useful information to the shareholders and stakeholders. This information translates into enhanced environmental and social conditions, because of the fact that stakeholders rewards the top performing corporations and punish the poorly performing corporate. Many investors and consumers are demanding environmental and social accountability amongst the companies, which has put pressure on them to execute CSR reporting. There has been a growing number of CSR reporting certifications i.e. ISO and SA8000 certifications, which reflects the growing need for reporting. They provide proof that CSR reporting offers valuable information to shareholders, and the companies’ stakeholders. Many companies view CSR reporting as an investment move as opposed to a cost. They conduct research relating to their stakeholders’ needs and report to them (Tschopp, 2012). ...
Download paper
Not exactly what you need?

Related papers

Do corporate social responsibility (CSR) reports provide shareholders and stakeholders with useful information on corporate soci
This view is consistent with stakeholder theory which holds that firms are under a duty to take account of the interest “of all parties affected by their actions” (Branco & Rodrigues, 2007, p. 7). In this regard, CSR involves a variety of issues reflecting the firm’s societal involvement and include ethics, governance, philanthropy, product and environmental safety, human rights and social…
Do corporate social responsibility (CSR) reports provide shareholders and stakeholders with useful information on corporate soci
Emphasizing on the corporate social responsibility has become a core part of the public policies for development of private sectors within the framework of the international cooperation development. It is considered a deliberate choice for an enterprise to give back to the community and to respond the environment crises while maintaining relations with the shareholders and stakeholders based on…
Do corporate social responsibility (CSR) reports provide shareholders and stakeholders with useful information on corporate soci
This is in contrary to the normal accounting basic that has been known about debiting and crediting financials. With the current business trends, accounting as profession has shifted from just an ordinary financial profession to numerous environmental researches and an accountability when it comes to the contribution of social environmental factors. Therefore thin paper is trying to find out as to…
Do corporate social responsibility (CSR) reports provide shareholders and stakeholders with useful information on corporate soci
The companies categorize the nature and magnitude of their impacts on the society and other related areas as well as their management quality in relation to processes and people employed. The corporate social responsibility reports outline the various companies’ achievements and progress in the corporate society. The information portrayed in the reports must be justifiable and be up-to-date with…
Do corporate social responsibility (CSR) reports provide shareholders and stakeholders with useful information on corporate soci
With this report the companies aim to improve the communications between the broader society and the corporate world. These are collectively called an accounting to the society. CSR report includes the financial facts that are the key interest of the investor. This report discusses the relations it has with all its stakeholders like employees, communities, customers, suppliers, governments and…
Do corporate social responsibility (CSR) reports provide shareholders and stakeholders with useful information on corporate soci
Sustainability disclosure was the province of a few community oriented or unusually green companies. Today, it is a best practice employed by companies worldwide. CSR reporting helps organisations to evaluate their social and environmental scenarios and improve the efficiency of operations and conserve natural resources which in turn are important factors for shareholders, employees, and…
Do corporate social responsibility (CSR) reports provide shareholders and stakeholders with useful information on corporate soci
The gaining momentum of CSR activities is evident from the fact that many mergers and acquisition dealings are also viewing investments in such activities as a factor for consideration prior to finalising the deal. Despite such growth in the value of CSR activities, the question as to why managers find it important to undertake these activities and whether there is any need for engaging in these…