Corporate Social Reporting ( Csr ) - 1556 Words

Corporate Social Reporting (CSR) Abstract Organizations embark on social and environmental reporting for a variety of different reasons and not to simply improve credibility with stakeholders; although that is a primary reason in many organizations. However, other organizations have different objectives altogether that can include a range of different motivations. Some models have broken the range of motivations into signaling or greenwashing or used legitimacy theory to explain the motivations by firms to report on their social and environmental performances. This analysis will look at some of the different models that have been constructed to attempt to explain why firms utilize CSR frameworks. Discussion The popularity of CSR has grown substantially in the last couple of decades. Many people may have grown skeptical of business in the wake of corporate scandals such as Enron, Tyco, and WorldCom followed by the sub-prime mortgage market, which have all gained large amounts of negative publicity. Stakeholders are more aware of the performance of companies along a broader set of metrics that portray the company’s operations in a more comprehensive manner that provides information about social performances and environmental performances. Much of the concept of corporate sustainability is rooted in the notion of sustainable development with can be defined as the ability to meet the needs of the current population without compromising the ability of future generations toShow MoreRelatedCorporate Social Responsibility Reporting ( Csr ) Essay2380 Words   |  10 PagesBefore we can fully understand Corporate Social Responsibility Reporting (CSR) and its key aspects, we nee d to first understand the inherent limitations of annual reports provided by many of the globally listed companies. Everything that we have analysed in the prior week’s regarding IFRS accounting policies, practices and regulations plays a role in the lack of CSR practices of firms. 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