Motivations for engaging in Corporate Social Responsibility Reporting (original) (raw)
Related papers
Stakeholders, as a Bridge Between Business Ethics and Corporate Social Responsibility
Business Ethics and Leadership, 2021
This paper summarizes the arguments and counterarguments within the scientific discussion on the issue of stakeholders, the drivers of business ethics and corporate social responsibility for companies nowadays. The main purpose of the research is to comprehend how integrating corporate social responsibility in the core of business may contribute to the creation of a positive organization image among stakeholders. Systematization literary sources and approaches for establishing ethical business indicate that integrating corporate social responsibility in the business strategy may ethically influence stakeholders’ perception. The relevance of the decision of this scientific problem is that companies worldwide are facing a challenging period as the interests, expectations and needs of individuals are changing. Firms should embrace and adapt to the new reality to survive and function properly. For instance, besides economic objectives, organizations should strive to achieve social goals...
Research Papers Faculty of Materials Science and Technology Slovak University of Technology, 2012
all spheres enforced us to view the business not only as a profit creator but as creator of added value to the society. The paper deals with the stakeholders as the integral part of corporate social responsibility (CSR) concept. It mentions the topic of stakeholder theory and stakeholder management in consideration of sustainable development and sustainable competitiveness of business. Within the paper are mentioned outputs of pilot research carried on among Slovak companies focusing on stakeholders and decision making within responsible business.
Literature Review of Corporate Social Responsibility from the Perspective of Stakeholder Theory
Proceedings of the 2021 5th International Seminar on Education, Management and Social Sciences (ISEMSS 2021), 2021
The primary purpose of this research is using theoretical and empirical methods to provide better understanding of the relationship between corporate social responsibility (CSR) and stakeholders. The findings illustrate three main aspects. Firstly, both primary and secondary stakeholders affect differently on CSR practices Besides, internal CSR practices are more accounting based but External CSR practices aim to take more market share. Secondly, the effects of CSR activities require to investigate how different stakeholders react to such initiatives. For example, customers and the general public was not influenced by stand-alone CSR information. The intangible aspects of CSR actions needed to be treated separately. Thirdly, CSR in a specific environment background (ie. at different level in the corporate) can guide and influence the stakeholders and the corporate differently. This research examines both the CSR and stakeholders, considering a battery of indicators, to furnish a more in-depth understanding of CSR practices and stakeholders.
The expectations of stakeholders in socially responsible enterprises
2019
The aim of the article is to determine what needs and expectations of stakeholders are indicated by socially responsible enterprises listed on the Warsaw Stock Exchange with the RESPECT Index (XII edition). The RESPECT Index is an income index addressing companies listed on the Warsaw Stock Exchange (hereinafter GPW), excluding the NewConnect market, foreign and dual-listed companies. The study population included 31 listed companies representing various sectors. Computer software, supporting the NVivo quality data analysis (version 12), was used to analyze documents as well as the content of reports and statements of the companies studied. The research conducted yielded results in the form of answers to the following questions that were posed: 1) Expectations of which stakeholders are identified in the enterprises surveyed? 2) What dimensions of CSR do the enterprises surveyed identify the expectations of stakeholders? 3) What tools were used to meet the expectations of stakeholder...
ZARZĄDZANIE PUBLICZNE 3(23)/2013, s. 309–319, 2013
In today's complex and ever changing economic environment an organisation can only be successful , if it can meet the needs of its stakeholders. There is an even bigger ethical, social, legal and strategic pressure on the economic and social organisations. This also stands for not only the profi t-oriented corporations but also for budget authorities and any other public organisations. Several organisations have recognised the infl uence of the stakeholders and have tried to meet their needs. That means that they operate a CSR policy on a volunteer base, as the only way for survival. The CSR is not a separate task, nowadays the management of the stakeholders is part of the strategic management, as at times the interests of different groups must be attended. The present study deals with the infl uence of stakeholders on the CSR practice, it also introduces the differences in stakeholder relationship among corporations of different sizes as well as examining the characteristics of the different actors. Based on the results of the qualitative research it can be stated that a signifi cant difference can be found in the stakeholder relationship of the small-and medium size enterprises (SMEs) and of large corporations. The large corporations build their relationship in signifi cantly higher ratio with the nationwide stakeholder, whereas the SMEs encourage communication with the local stakeholders and neglect those nationwide stakeholders that are out of their operational scope. This can be said about the public sector as well, that is large corporations prefer the interaction with this sector at a higher ratio. However, it is a common characteristic of all Hungarian enterprises that they value the relationship with stakeholders of environmental importance more than the communication with stakeholders of social importance.
Journal of Marketing Communications, 2008
The social responsibility of business has become a major issue in recent years and the reporting of such activity is becoming more prevalent. Companies are attuning to the benefits of being seen as socially responsibly and many industries are jumping on the bandwagon of reporting CSR and using different media to communicate their activities in this arena to their stakeholders. This paper considers the content of one type of such communications, the annual report, and looks at how organisations are taking a focused stakeholder view of CSR rather than a wider view as would be expected from the ambiguity of definitions of the concept. Differences in reporting practices were found by an analysis of the annual and CSR reports of 28 FTSE4Good firms focusing on a variety of industries. Findings show that there is a significant difference between how organisations in different industries report on CSR consistent with a stakeholder view of CSR, and that this reporting follows for the most part the expectations of the CSR communications literature. It is suggested that firms report on CSR in line with what their key stakeholders expect, thus giving evidence for CSR reporting as another tool in the marketing communicators toolbox.
Sustainable social responsibility through stakeholders engagement
Corporate Social Responsibility and Environmental Management, 2020
In this paper, the convergence in research of the terms Corporate Governance, Financial Performance and Social Responsibility has been studied. To this end, we have reviewed the literature published between 1998 and 2017 and analyzed a total of 350 articles dealing with these issues, either individually or in combination. Thus, a bibliometric and co‐citation analysis has been carried out. This research has demonstrated the importance of the Stakeholder theory to reach the organization's commitment to achieving good financial results, which is considered the key to maintaining social responsibility policies over time.The emerging trends detected focus on board diversity as well as corporate reputation along with the company's financial performance. Also new topics that are raising interest among researchers are women, China, information disclosure or gender.
Responsible behaviours are increasingly being embedded into new business models and strategies that are designed to meet environmental, societal and governance deficits. Therefore, the notions of Corporate Sustainability, Social Responsibility and Environmental Management have become very popular among academia as corporations are moving beyond transparency, business ethics and stakeholder engagement. This book provides business students and scholars with a broad analysis on the subject of Corporate Social Responsibility (CSR). It builds on the previous theoretical underpinnings of the CSR agenda, including Corporate Citizenship (Carroll, 1998; Waddock, 2004; Matten and Crane, 2004), Creating Shared Value (Porter and Kramer, 2011; 2006), Stakeholder Engagement (Freeman, 1984) and Business Ethics (Crane and Matten, 2004) as it features the latest Corporate Sustainability and Responsibility (CSR2.0) perspective (Visser, 2010). These recent developments imply that the organisations’ commitment to responsible behaviours may represent a transformation of the corporation into a truly sustainable business that is adding value to the business itself, whilst also adding value to society and the environment. This ‘new’ proposition is an easy term that may appeal to business practitioners. CSR2.0 is linked to improvements in economic performance, operational efficiency, higher quality, innovation and competitiveness. At the same time, it raises awareness on responsible behaviours. Therefore, this promising concept can be considered as strategic in its intent and purposes, as businesses are capable of being socially and environmentally responsible ‘citizens’ whilst pursuing their profit-making activities. Carroll (1979) affirmed that the businesses have economic responsibilities as providing a decent return on investment to owners and shareholders; creating jobs and fair pay for workers; discovering new resources; promoting technological advancement, innovation, and the creation of new products and services along with other objectives. Lately, there is similar discourse in many international fora, conferences, seminars and colloquia about corporate sustainability and responsible behaviours. However, the discussions are usually characterised by the presentation of theories that define the concepts, rather than being practical workshops (which involve the businesses themselves). In this light, this book clearly identifies the business case for CSR. It attempts to trigger active participation in corporate suites. Inevitably, it contends that there are still some challenging opportunities facing businesses, which will have to be addressed in the foreseeable future; including Stakeholder Relations and Collaborations, Government Regulation for CSR Compliance and the role of Strategic CSR in Education and Training. This publication combines theory and practice with case studies. Part I introduces the readers to the CSR Agenda. Chapter 1 provides a broad overview of the CSR terminology and its emerging constructs. It presents the business case for CSR. Chapter 2 reports on several international policies and regulatory instruments on the subject of environmental, social and governance disclosures of large organisations. Chapter 3 suggests that there is a rationale to maintain ongoing communications with stakeholders through integrated marketing communications including digital media and traditional channels. Chapter 4 sheds light on socially reponsible and sustainable investments that are being offered in the financial services market. Chapter 5 discusses about the importance of stakeholder engagement with responsible suppliers in the value chain. In Part II; this book contains five detailed case studies on a wide array of corporate sustainable and responsible initiatives that have been taken on board by global corporations in different contexts.