StudentShare solutions
Triangle menu
  • Home
  • Subjects
  • Finance & Accounting
  • 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

Nobody downloaded yet

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

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). ...
Stakeholders including the customers, suppliers, employees, the government and other regulators all have an interest in the companies’ operations. The key goal of CSR reporting is to help the stakeholders understand how the companies affect their environmental, economic, and social circumstances (Merkl-Davies & Brennan, 2011). Another key reason why companies report on their social responsibility is to grow the shareholder’s wealth. Many companies include the CSR reporting in their annual financial reporting. This contributes towards building the shareholder wealth. For example, a company that reports about its social responsibility reflects its accountability to the public. These markets the company to the investors thus growing the demand for its stock. The high demand for the company’s stock translates into the growth in the shareholders’ wealth (KPMG, 2008). All companies feel that they are accountable to their stakeholders and, therefore, they recognize the responsibility by performing CRS reporting. The ethics branch of the stakeholder theory states that stakeholders have intrinsic rights, which the companies should not violate. According to the theory, even if the company does not benefit economically by getting involved in social responsibility activities, it should still participate and report for the benefit of all the stakeholders (Mahoney, 2013). Different stakeholders are interested in different types of information from the CSR reporting. For example, the consumers are concerned about the quality of the goods that the companies are offering in the market. They would like to know if the products would meet their needs and boost their health. Consumers would shun products that ...Show more

Summary

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…
Author : laurynmacejkovi
Do corporate social responsibility (CSR) reports provide shareholders and stakeholders with useful information on corporate soci essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Do corporate social responsibility (CSR) reports provide shareholders and stakeholders with useful information on corporate soci"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Do corporate social responsibility (CSR) reports provide shareholders and stakeholders with useful information on corporate soci
CSR is interpreted broadly as the duty of business firms to take account of the interest of a broader class of stakeholders when making business decisions and conducting business activities (Moir, 2001). To this end, a broader class of stakeholders include employees, consumers, governments, communities, shareholders, suppliers and creditors.
6 pages (1500 words) Essay
Do corporate social responsibility (CSR) reports provide shareholders and stakeholders with useful information on corporate soci
An organization maintains its public image through corporate social responsibility activities. This paper will support this argument by looking at the role of the CRS reports to the shareholders and stakeholders of an organization. Moreover, the paper will give the background information on the Corporate Social responsibility as well.
6 pages (1500 words) Essay
Do corporate social responsibility (CSR) reports provide shareholders and stakeholders with useful information on corporate soci
It is a known fact that the companies create various social problems such as, resource depletion and pollution, which negatively impacts the society as well as the environment (Moir, 2001). The increasing concerns and attention of the general public have reached this sphere which has made it almost mandatory for the organizations to count the CSR activities among their responsibilities.
6 pages (1500 words) Essay
Corporate Social Responsibility Reports
This paper intends to evaluate the effectiveness of these reports in serving the above purpose as against as just mere ‘vehicles’ adopted for public relations among trading organisations. Corporate social responsibility is a common notion adopted in business models that alludes to some form of self-regulation by corporate systems.
7 pages (1750 words) Essay
Do corporate social responsibility (CSR) reports provide shareholders and stakeholders with useful information on corporate soci
Corporate social responsibility concerns having sufficient effect to the society by offering adequate protection to local or any other investment before considering the money invested in foreign countries. There are several ways through which an accounting professional is involved when it comes to the issues of environmental corporate social responsibility.
6 pages (1500 words) Essay
Do corporate social responsibility (CSR) reports provide shareholders and stakeholders with useful information on corporate soci
71). The CSR reports are meant to describe a company by showing inner circle details to sooth more investors and agitate for positive recognition from the society. On the other hand, the corporate citizenship can entail the incurring of short term costs meant to promote positive environmental and social transformation but do not have immediate financial benefits to the company.
6 pages (1500 words) Essay
Corporate Social Responsibility Reports
Corporate Social Responsibility (CSR) reports are published by many corporations, but what constitutes a CSR report is still exclusive. There are many names of CSR report such as environmental, sustainability, safety, health and community affairs report. It aims to portray the relationship between an organisation and society.
6 pages (1500 words) Essay
Do corporate social responsibility (CSR) reports provide shareholders and stakeholders with useful information on corporate soci
To create the green equation, several factors have to be taken into consideration such as solid waste, carbon emission and electricity consumption. The main purpose of reporting CSR is for tracking the sustainability footprint of the business and to report the same to the shareholders and stakeholders of the company.
5 pages (1250 words) Essay
Do corporate social responsibility (CSR) reports provide shareholders and stakeholders with useful information on corporate soci
Most firms are now absorbing the cause of social responsibility either voluntarily or as a part of their strategic goals. In other cases, most firms also publish their attempts in social responsibility and CSR activities as a part of their annual publications like the annual reports.
6 pages (1500 words) Essay
Corporate Social Responsibility (CSR)
This paper is aimed at analyzing the concept and the overall importance of corporate social responsibilities for each and every stakeholder of the company. The corporate social responsibilities of Qantas Airlines have been studied in detail to
4 pages (1000 words) Essay
Hire a pro to write
a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Click to create a comment
Contact Us