scholarly journals The Environmental Responsibility of the World’s Largest Banks

2018 ◽  
Vol 32 (1) ◽  
pp. 51-64 ◽  
Author(s):  
Bożena Ryszawska ◽  
Justyna Zabawa
Keyword(s):  
Comparison Method ◽  
Global Reporting Initiative ◽  
Reporting Standards ◽  
Professional Literature ◽  
Csr Reporting ◽  
Environmentally Responsible ◽  
Environmental Actions ◽  
And Function ◽  
Corporate Social ◽  
Role And Function

Abstract Sustainability transition is changing the role and function of banks, specially their products and services also in relation to stakeholders. Banks are one of the main actors supporting the transition to sustainable economy. The purpose of this study is to emphasise the role of world’s largest banks in that process. Banks are slowly responding to the new demand of sustainability and responsibility, and they try to align with it. The paper is based on an overview of the world’s five largest banks that employ corporate social responsibility (CSR) reporting standards, together with detailed enumeration of pro-environmental activities included in the reports. The first section of this paper presents the most popular approaches to the problem at hand, as reported in professional literature. Section two presents the characteristics of the CSR actions in banks. The third section discusses the environmental actions of the biggest banks in Global Reporting Initiative (GRI) reporting the most popular standard for reporting non-financial information. And the last part of the paper presents the conclusions resulting from the article. The research was conducted using a variety of sources, such as scientific articles, statistical data, CSR reports of the world’s largest banks, as well reporting principles and standard disclosures. The basic method used in the process of writing was a critical analysis of literature and reports concerning the CSR reporting standards, environmental responsibilities of different kinds of entities, as well as own observations based on special reports of banks. In the article, also the analysis of financial market data, induction method and comparison method have been used. The main conclusions of the analysis of the CSR reports disclosed by the world’s largest banks confirm all three of the theses presented in the article. The findings suggest that the banks under study can be regarded as environmentally responsible entities. Their reports and disclosures are produced according to the internationally recognized standards. There are also critical opinions about the standards for reporting environmental information, but the weaknesses of reporting these aspects do not undermine the benefits of using the GRI guidelines.

scholarly journals Mandatory CSR and sustainability reporting: economic analysis and literature review

2021 ◽  
Author(s):  
Hans B. Christensen ◽  
Luzi Hail ◽  
Christian Leuz
Keyword(s):  
Firm Behavior ◽  
Sustainability Reporting ◽  
Economic Effects ◽  
Economic Consequences ◽  
Future Research ◽  
Current Debate ◽  
Reporting Standards ◽  
Csr Reporting ◽  
Key Features ◽  
Corporate Social

AbstractThis study collates potential economic effects of mandated disclosure and reporting standards for corporate social responsibility (CSR) and sustainability topics. We first outline key features of CSR reporting. Next, we draw on relevant academic literatures in accounting, finance, economics, and management to discuss and evaluate the potential economic consequences of a requirement for CSR and sustainability reporting for U.S. firms, including effects in capital markets, on stakeholders other than investors, and on firm behavior. We also discuss issues related to the implementation and enforcement of CSR and sustainability reporting standards as well as two approaches to sustainability reporting that differ in their overarching goals and materiality standards. Our analysis yields a number of insights that are relevant for the current debate on mandatory CSR and sustainability reporting. It also points scholars to avenues for future research.

Sustainable Intellectual Capital

2013 ◽  
pp. 156-173
Author(s):  
Camelia Iuliana Lungu ◽  
Chirata Caraiani ◽  
Cornelia Dascalu
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Intellectual Capital ◽  
Corporate Strategy ◽  
Assessment Model ◽  
Global Reporting Initiative ◽  
Transfer Of Knowledge ◽  
Csr Reporting ◽  
Reporting Requirements ◽  
Corporate Social

This chapter introduces and defines the concept of sustainable intellectual capital and proposes an assessment model designed on the base of the key performance indicators required by the Global Reporting Initiative (GRI). The research results presented in this paragraph are debated in relation to companies’ practice. They refer to possible ways of including the information on Intellectual Capital (IC) and Corporate Social Responsibility (CSR) reporting requirements within their corporate strategy. The conclusions enhance the need for companies to be ready to support the integration of information on intellectual capital and corporate social responsibility in the transfer of knowledge in order to develop competitive advantage in the market. This research can contribute in many different ways, such as the extensive development of literatures and studies on relationships between corporate social responsibility and intellectual capital, the development of the new concept: the sustainable intellectual capital, or the projection of corporate strategy. The findings can enlighten organizations that intellectual capital can be an important asset, which is beneficial in conducting corporate social responsibility.

scholarly journals The Role of Gender Diversity on Tax Aggressiveness and Corporate Social Responsibility: Evidence from Italian Listed Companies

2020 ◽  
Vol 12 (5) ◽  
pp. 2007 ◽  
Author(s):  
Andrea Vacca ◽  
Antonio Iazzi ◽  
Demetris Vrontis ◽  
Monica Fait
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Gender Diversity ◽  
Global Reporting Initiative ◽  
Tax Aggressiveness ◽  
Csr Reporting ◽  
Csr Disclosure ◽  
Corporate Social ◽  
The Relationship

The paper aims to examine the moderating role of gender diversity within a corporate board on the relationship between tax aggressiveness and a firm’s corporate social responsibility (CSR) approach. This analysis was conducted using a set of indicators of financial statements of 168 Italian listed firms between 2011 and 2018. In addition, the sustainability reports of the same companies were observed. To perform the analysis a logit regression model is used. This paper shows different empirical results. First, this study notes that there is not a direct relationship between tax aggressiveness and CSR reporting. Second, gender diversity in a board of directors increases the orientation of companies to CSR disclosure, but does not have an impact on the relationship between tax aggressiveness and CSR disclosure. Instead, CEO gender has a positive influence on the relationship between corporate tax planning and CSR reporting in accordance with Global Reporting Initiative (GRI) standards. This study emphasizes the key role of gender diversity in the growth of the CSR approach and the reputation of companies. Therefore, governments and policymakers of major countries should promote gender diversity in corporate decision-making bodies, which contributes to achieving the Sustainable Development Goals (SDGs).

scholarly journals Application of Global Reporting Initiative (GRI) Principles for Measuring Quality of Corporate Social Responsibility (CSR) Disclosure: Evidence from Pakistan

2021 ◽  
Vol 13 (20) ◽  
pp. 11409
Author(s):  
Hina Ismail ◽  
Muhammad A. Saleem ◽  
Sadaf Zahra ◽  
Muhammad S. Tufail ◽  
Rao Akmal Ali
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Stock Exchange ◽  
Annual Reports ◽  
Global Reporting Initiative ◽  
Csr Reporting ◽  
Development Agenda ◽  
Csr Disclosure ◽  
Corporate Social

CSR Reporting is an essential mechanism for ensuring the transparency and accountability of companies towards sustainability performance. To further promote that sustainable development agenda, CSR-related regulations and policies have emerged worldwide, including in Pakistan. Therefore this study assesses the quality of corporate social responsibility in annual reports issued by firms listed at the Pakistan Stock Exchange. This study has operationalized the Global Reporting Initiative (GRI) principles for examining the quality of CSR disclosures. The paper sample comprised 540 annual reports of 90 financial or non-financial companies from the years 2012 to 2017. Content analysis is performed to look for six quality principles and measures, i.e., balance, comparability, accuracy, clarity, reliability, and timeliness. Results suggested that most Pakistani firms provide precise and on-time information and put less emphasis on the balance of information and comparable information. Moreover, this study also highlighted that organizations should implement the GRI principle for disclosing qualitative CSR report.

scholarly journals Does mandatory CSR reporting lead to higher CSR transparency? The case of France

2014 ◽  
Vol 11 (2) ◽  
pp. 29-45 ◽  
Author(s):  
Anna-Lena Kühn ◽  
Markus Stiglbauer ◽  
Janina Heel
Keyword(s):  
Social Impact ◽  
Qualitative Content Analysis ◽  
Public Image ◽  
Global Reporting Initiative ◽  
Business Practices ◽  
Social Dimensions ◽  
Csr Reporting ◽  
Latent Construct ◽  
Corporate Social ◽  
Csr Engagement

Expedited by the financial crisis and increased stakeholder activism, the demand for reliable and accountable business practices and transparency has gained momentum in the current corporate social responsibility (CSR) debate. Consequently, companies have started to become aware of the increasing importance of conveying increased transparency and accountability to stakeholders, gaining their legitimacy and establishing a positive public image through adequate CSR reporting. Since it is obligatory to disclose information on corporate financial performance and on companies’ environmental and social impact in France, this paper addresses how transparent French listed companies of the CAC 40 communicate their CSR engagement externally. To turn the latent construct ‘transparency of CSR reporting’ into a measurable value, we conduct qualitative content analysis based on the Global Reporting Initiative (GRI) guidelines. Assuming mandatory CSR reporting to increase companies’ CSR transparency in general, most of the companies communicate their corporate profile, strategy and management broadly. Whereas companies report the environmental dimension most frequently, they refer only marginally to the economic and social dimensions.

Relevance of voluntary environmental and social reporting in the French context: Does CSR assurance matter?

2020 ◽  
Vol 11 (1) ◽  
pp. 54-64
Author(s):  
Amira Lajmi ◽  
Gilles Paché
Keyword(s):  
Environmental Economics ◽  
Market Value ◽  
Social Reporting ◽  
Global Reporting Initiative ◽  
Csr Reporting ◽  
Market Values ◽  
Social Actions ◽  
Corporate Social ◽  
The Relationship

Corporate social responsibility (CSR) reporting is of high importance for firms that wish to communicate their environmental and social actions to stakeholders and society at large. Of course, the credibility of CSR reporting affects considerably the market reaction to the information provided. Although research on environmental and social reporting is important, empirical evidence regarding the relevance of environmental and social disclosure to firms’ market values is scarce. This paper specifically analyzes the moderating role of external CSR assurance on the relationship between voluntary environmental and social reporting and firm market value. A content analysis index is then developed based on disclosure items specified in the Global Reporting Initiative guidelines. Using hand-collected data on a sample of French companies, the authors find that CSR assurance has a negative moderating effect on the relationship between high environmental and social reporting and firms’ market value, raising questions about the role of external assurance in assessing CSR reporting credibility. AcknowledgmentThe authors sincerely thank three anonymous reviewers of Environmental Economics for their insightful comments on a previous version of the paper.

Corporate social responsibility in Islamic banks: to which extent does Abu Dhabi Islamic bank comply with the global reporting initiative standards?

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Elias Abu Al-Haija ◽  
Mohamed Chakib Kolsi ◽  
Mohamed Chakib Chakib Kolsi
Keyword(s):  
Financial Institutions ◽  
Abu Dhabi ◽  
Global Reporting Initiative ◽  
Islamic Banks ◽  
Content Type ◽  
Csr Reporting ◽  
Social Standards ◽  
Islamic Financial Institutions ◽  
Sustainability Reports ◽  
Corporate Social

Purpose The purpose of this case study is to explore whether Abu Dhabi Islamic Bank (ADIB) complies with the Global Reporting Initiative Standards in terms of corporate social responsibility (CSR) disclosure practices for the period 2014–2019. Design/methodology/approach By analysing both annual and sustainability reports of the bank using content analysis for each Global Reporting Initiative (GRI) category, 100 universal standards, 200 economic standards, 300 environmental standards, 400 social standards. The authors then compute and discuss the degree of compliance of ADIB disclosures by using annual charts and graphs. Findings Results show that, although ADIB issues sustainability reports, numerous GRI standards do not appear in the bank’s reports such as general disclosures GRI 102, economic disclosures items such as anti-competitive behaviour GRI 206 and environmental disclosures such as gas emissions GRI 305 due to the nature of bank’s activities. However, the bank focuses mainly on social standards GRI 400 including community services, training and development. Hence, ADIB partially complies with the GRI standards (2016) especially social disclosures. Research limitations/implications The study encompasses some limitations: first, due to the discretionary nature of CSR reporting, many items were ignored or missed for the full period. Second, the disclosure of a sustainability report by the company was only available for the year 2017, which, in turn, makes it difficult for comparison. Practical implications The findings of this study have important implications for academics and researchers, and practitioners as they pave the way for further investigation regarding CSR compliance of Islamic financial institutions. The results also have important implications for Accounting and Auditing Organization for Islamic Financial Institutions in developing a CSR reporting standard if Islamic banks are to enhance their image globally and to maintain competitive advantages. Originality/value This paper contributes to the growing debate on CSR disclosures in the Islamic banking industry by comparing ADIB practices with regard to the GRI standards.

scholarly journals Carrot or stick: CSR disclosures by Southeast Asian companies

2018 ◽  
Vol 9 (4) ◽  
pp. 422-454 ◽  
Author(s):  
Claudia Arena ◽  
Ronald Liong ◽  
Petros Vourvachis
Keyword(s):  
Child Labor ◽  
Fixed Effects ◽  
Substitution Effect ◽  
Southeast Asian ◽  
Global Reporting Initiative ◽  
Content Type ◽  
Csr Reporting ◽  
Asean Countries ◽  
Csr Disclosure ◽  
Corporate Social

PurposeMotivated by legitimacy theory, this paper aims to examine comprehensively corporate social responsibility (CSR) disclosure in Southeast Asian (Association of Southeast Asian Nations [ASEAN]) countries with the aim of disentangling whether such disclosures are the result of a proactive stance or a reaction to regulations.Design/methodology/approachAfter a content analysis of CSR stand-alone reports that relies on the Global Reporting Initiative as the basis for comparison, a multivariate analysis is carried out while controlling for firm-specific incentives and industry, country and year fixed effects.FindingsThe paper finds that CSR disclosure increased across the entire ASEAN. Although this increase cannot be directly ascribed to the introduction of regulations in Indonesia and Malaysia, the latter may have impacted choices of disclosure media. In countries where reporting requirements have become mandated, mandatory reporters show low levels, and voluntary reporters high levels, of CSR disclosure. The paper also finds that the attainment of CSR awards is related to disclosure. Additional analyses reveal a substitution effect between voluntary and mandatory incentives in countries with high levels of law enforcement.Practical implicationsThe evidence suggests that the introduction of regulations can be effective in improving the level and breadth of CSR reporting only in the presence of institutions that ensure the enforcement of the disclosure regulations.Social implicationsThe evidence suggests that organizations are reluctant to report on issues such as child labor, human rights and corruption. Organizations opportunistically employ related disclosure strategies that deviate from the underlying CSR performance.Originality/valueThe paper analyzes not only the level and breadth of CSR disclosure but also the motivation for its use across the still under-investigated ASEAN area, thus allowing an examination of the influence of institutional incentives above and beyond the firm-specific factors that drive CSR activities.

scholarly journals The Habitus of Actor on Corporate Social Responsibility Program: A Study on PT Antam in Nanggung Sub-District of Bogor Regency

2015 ◽  
Vol 4 (1) ◽  
pp. 16
Author(s):  
Sigit Pranawa ◽  
Totok Mardikanto ◽  
Drajat Tri Kartono ◽  
RB Soemanto
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Program Implementation ◽  
Group Discussion ◽  
Study Techniques ◽  
The Individual ◽  
And Function ◽  
Corporate Social ◽  
Role And Function

The objective of research was to find out the habitus of actor on  PT Antam’s corporate social responsibility (CSR) program implementation in developing the clean water infrastructure, particularly involving the society leader and the members of society, as well as the staff of PT Antam. In this case, the leader was Lurah Desa Cisarua (the Head of Cisarua Village) attempting to make both company and society benefiting from the presence of company amid the society. The research method used was case study. Techniques of collecting data used were observation, interview, and focus group discussion (FGD). Technique of analyzing data used was an interactive model. Bourdieu’s structuring theory was used to appreciate the leader’s action. This theory states that (habitus × capital) + domain = action. The result of research suggested that the community of Nanggung Sub District was the domain in which the actor exists, pertaining to values, norms, and problems encountered by the society. Habitus of society leader constituted knowledge and conception on its role and function within the society, learnt from its primary and secondary environments. The result also showed that a society leading actor should be able to serve the society by devoting idea, thought, and effort to its society. The members of society should be able to participate actively in the society’s activity. Meanwhile, the actor of company should be productive and maintain the company’s reputation. Capital consists of economic, social, cultural, and political capitals the individual actors have.

A Study of Corporate Social Responsibility Reports in China (Reporting Year 2009)

2011 ◽  
Vol 3 (2) ◽  
pp. 171-193 ◽  
Author(s):  
_ _
Keyword(s):  
Reporting Standards ◽  
Corporate Values ◽  
Csr Reporting ◽  
International Language ◽  
International Reporting ◽  
Report Quality ◽  
Increasing Trend ◽  
Corporate Social ◽  
Corporate Social Responsibility Reports

Abstract CSR reporting in China is attracting unprecedented attention. In 2009, 582 CSR reports were published, 3.44 times the 169 published in 2008, in a “wellspring’’ increasing trend. While China’s reports comprised roughly 5% of all those published globally, China’s share surged to 15% in 2009. The overall quality of CSR reports in China is not high. Roughly half are still in their beginning phases and lack breadth and depth in the information reported. The coverage rate of various indicators is low, as is the degree to which reports adhere to international reporting standards. They still fell short on responding to the concerns of stakeholders and embodying company’s values. China’s CSR reports are also markedly weaker both in terms of report quality and the composition of the entities on which reports were produced. Still, there is enormous potential for China’s CSR reports. In coming years, we fully expect the number published to sustain its rapid increase, the quality to improve greatly, and we expect these reports to be served as a common international language among corporations, in which their corporate values can be expressed.

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