scholarly journals Voluntary Disclosure of GRI and CSR Environmental Criteria in Colombian Companies

2021 ◽  
Vol 13 (10) ◽  
pp. 5405
Author(s):  
Iván Andrés Ordóñez-Castaño ◽  
Edila Eudemia Herrera-Rodríguez ◽  
Angélica María Franco Ricaurte ◽  
Luis Enrique Perdomo Mejía
Keyword(s):  
Latin American ◽  
Corporate Reputation ◽  
Voluntary Disclosure ◽  
Information Needs ◽  
Global Reporting Initiative ◽  
Insolvency Risk ◽  
Environmental Criteria ◽  
Risk Variable ◽  
Corporate Social ◽  
Environmental Activities

The study analysed the asymmetry in the disclosure of environmental criteria of the Global Reporting Initiative (GRI) standard based on financial and non-financial information in 37 companies in 19 sub-sectors of the Colombian economy that were assessed by MERCO (Business Monitor of Corporate Reputation) in 2017 and 2018 in terms of corporate reputation, responsibility, and corporate governance. It is based on the theories of agency, stakeholders, and legitimacy, whereby six hypotheses were postulated. The indicators of environmental criteria were retrieved from the website and sustainability reports of each company, using a dichotomous approach for collecting information on environmental activities. The hypotheses were contrasted with a binary choice and panel data models. The results showed that increasing quality and transparency in voluntarily disclosed information decreases its asymmetry, thereby meeting the information needs of stakeholders, providing confidence, and strengthening corporate social responsibility (CSR) activities. In addition, the most indebted and largest companies disclose less information on environmental activities, in contrast to companies with higher solvency. Overall, the study contributed with the calculation of an asymmetry ratio with the MERCO indicators and the use of the insolvency risk variable as an explanatory variable for disclosure. Additionally, it contributed to the field of study of CSR from the Latin American context.

scholarly journals CSR Reports, CSR Disclosure Quality, and Corporate Reputations: A Systematic Literature Review

2020 ◽  
Vol 4 (1) ◽  
pp. 28
Author(s):  
Berto Usman
Keyword(s):  
Corporate Reputation ◽  
Voluntary Disclosure ◽  
Empirical Test ◽  
Review Of The Literature ◽  
Disclosure Quality ◽  
Major Research ◽  
Research Questions ◽  
Csr Disclosure ◽  
Corporate Social

This paper provides a critical review of the literature addressing the relationships between corporate social responsibility (CSR) reports, their disclosure quality, and their effects on corporate reputation. CSR reports are deemed important to legitimate a company’s existence with its stakeholders. However, there is a debate around the use of this form of voluntary disclosure as the sole means of managing corporate reputation. To prepare for the emerging discourses, this study draws upon 90 papers published in leading academic journals, discussing related topics from the early 1990s to 2018. Hence, this paper proposes for discussion of two major research questions: (1) whether CSR reports are associated with corporate reputations and (2) whether the quality of CSR disclosures is associated with corporate reputations. Along with the two proposed questions, the potential premise for a future empirical test is presented in a systematic exhibition.

scholarly journals An analysis of the adherence of Brazilian organizations to GRI as a method of disclosure of corporate social responsibility

2020 ◽  
Vol 12 (2) ◽  
Author(s):  
Vicente Lima Crisóstomo ◽  
Hyane Correia Forte ◽  
Priscila de Azevedo Prudêncio
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Social Action ◽  
Voluntary Disclosure ◽  
Academic Community ◽  
Global Reporting Initiative ◽  
Additional Contribution ◽  
Business Organizations ◽  
Corporate Social

Purpose: Organizations have published corporate social responsibility reports aimed at spreading their social responsibility. In this sense, the Global Reporting Initiative (GRI) develops structured models of sustainability reports that help organizations design and disseminate them. The objective of this paper is to analyze the evolution of GRI adherence and the quality of CSR reports provided by Brazilian organizations. Methodology: Data for all Brazilian organizations that adhered to GRI, in the period 2000-2017, were collected for a total of 461 organizations and 2,142 observations. Descriptive analyses and tests for the difference in proportions have been processed. Results: The results show that there was a significant increase in the number of Brazilian organizations that joined GRI, with an average annual growth of around 48%. Business organizations are the ones that most disclose social action through GRI, although there are also organizations of other nature. There is a strong predominance of large companies. About the quality of information, it is perceived that about 90% of the statements already follow GRI guidelines, and more than half are not yet subject to an external audit. Although slight, there has been observed a breakthrough in the disclosure of reports that integrate financial and social information. Contributions of the Study: The study about CSR report disclosure in GRI format provides to academic community information on how this disclosure tool has been deemed relevant by business organizations or not in Brazil. The work provides additional contribution by presenting a detailed analysis of GRI reporting disclosure evolution by Brazilian organizations. In addition, the study contributes by pointing out that GRI has been established as an important channel for the dissemination of information on social actions and sustainability for Brazilian organizations. Regarding the academic point of view, the research collaborates in advancing the studies related to voluntary disclosure and in deepening the analysis of the quality of GRI reports drafted by organizations.

scholarly journals Disclosure of social information by Brazilian companies according to United Nations indicators of corporate social responsibility

2009 ◽  
Vol 20 (51) ◽  
pp. 116-132 ◽  
Author(s):  
Marcelle Colares Oliveira ◽  
Marcia Martins Mendes De Luca ◽  
Vera Maria Rodrigues Ponte ◽  
João Ésio Pontes Junior
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
United Nations ◽  
Information Disclosure ◽  
Information Needs ◽  
Stock Exchange ◽  
Social Information ◽  
Annual Reports ◽  
Global Reporting Initiative ◽  
Corporate Social

Several frameworks of social information disclosure have been proposed worldwide to satisfy stakeholders' information needs. In 2008, the United Nations launched a guide with recommendations for corporate responsibility indicators in annual reports based on the Global Reporting Initiative framework and standards of the International Labour Organization, Organization for Economic Co-operation and Development and International Accounting Standards Board. The objective of the present study was to analyze the disclosure of social information by Brazilian companies of the New Market listing segment traded on the São Paulo Stock Exchange (BOVESPA) in accordance with UN indicators of corporate social responsibility. This was an exploratory and qualitative study based on a review of documents and the literature. The findings were interpreted by way of content analysis to determine the predominance of UN indicators disclosed by Brazilian enterprises. The results were compared to those of a 2008 UN study on social information disclosure by 100 large enterprises in the top ten emerging economies in the world. The companies in our study were found to disclose most of the indicators recommended by the UN in harmony with internationally accepted standards. However, more recently introduced non-financial indicators were less frequently reported.

scholarly journals Recognition and disclosure of environment maintenance activity PT. Pertamina Geothermal Energy

2018 ◽  
Vol 21 (2) ◽  
Author(s):  
Achmad Yanuar Irwan ◽  
Anak Agung Gde Satia Utama
Keyword(s):  
Geothermal Energy ◽  
Environmental Management System ◽  
Environmental Accounting ◽  
Added Value ◽  
Global Reporting Initiative ◽  
Environmental Damage ◽  
Sustainable Value ◽  
Corporate Social ◽  
Environmental Income ◽  
Environmental Activities

Global warming, climate change, carbon emissions, disaster, threatened species, waste, etc are externalities of growth and development of the industries and human activities and needs. Sustainable Development is a concept that is offered to achieve balance and sustainability. Company as one of the contributors in environmental damage responds it by corporate social responsibility and environmental management system. This study aims to explore the implementation of environmental accounting for sustainable value creation and explore the recognition and disclosure of the maintenance activities within the PT. Pertamina Geothermal Energy (PGE). The research method is qualitative exploratory. The results show that the company has been carrying out various environmental activities either directly or indirectly related to the production process. Accountability for the implementation of these activities encourage creating sustainable added value for the company. PGE perform recognition and disclosure of environmental activities and costs according to the principles of environmental accounting and PSAK No. 33. PGE has environmental income from the sale of carbon credits CDM’s program is recognized as other income. In addition, PGE has been compiled Sustainability Report according to the guidelines of Global Reporting Initiative (GRI).

Disclosure of corporate social responsibility information and explanatory factors

2016 ◽  
Vol 40 (2) ◽  
pp. 218-238 ◽  
Author(s):  
Isabel Gallego-Álvarez ◽  
Ivo Alexandre Quina-Custodio
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Voluntary Disclosure ◽  
Social Indicators ◽  
Environmental Indicators ◽  
Social Aspects ◽  
Global Reporting Initiative ◽  
Content Type ◽  
Explanatory Factors ◽  
Corporate Social

Purpose – The purpose of this paper is to analyze the voluntary disclosure of corporate social responsibility (CSR) in companies of different countries. Design/methodology/approach – Based on a sample of 110 companies for the year 2014, a total of 79 indicators were analyzed, nine of which correspond to economic aspects of the company, 30 to environmental aspects and 40 to social aspects, according to the Global Reporting Initiative (GRI G3.1). Moreover, a dependence model was set up to see which variables may affect the disclosure of economic, social and environmental information, both separately and as a whole. Findings – The companies in the sample showed an average of six economic indicators, 20 environmental indicators and 27 social indicators. Regarding the explanatory variables tested, the results obtained showed that company SIZE, LEVERAGE, DJSI and CIVILLAW were the most significant variables, most affecting a company’s decision to make voluntary disclosure in relation to CSR issues. Practical implications – The disclosure of more information about economic, environmental and social aspects can be used by the firm as a mechanism to reduce social and governmental pressure. It is important to point out that the information provided by companies in their CSR reports is essential in corroborating the legitimacy of their activity. Social implications – Improving a company’s image in society is one of the reasons why firms disclose CSR information and Internet and online tools are appropriate means of dissemination in an age of increasing speed of knowledge. Originality/value – Previous studies have provided scores to reflect whether or not companies disclosed CSR, whereas the present study goes deeper by making a detailed analysis of the type of economic, environmental and social information presented by companies analyzed.

A Comparison of CSR Disclosure Guidelines and a Self-Prepared CSR Disclosure Index- A Study of Select Automotive Companies

2015 ◽  
Vol 4 (2) ◽  
Author(s):  
N.K. Gupta ◽  
Shilki Bhatia
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Economic Environment ◽  
Global Reporting Initiative ◽  
The Social ◽  
Regulatory Bodies ◽  
Csr Disclosure ◽  
Corporate Social ◽  
The Impact ◽  
Voluntary Guidelines

In India, corporate social responsibility and its disclosure got attention during the eighties and have been gaining importance with time in present economic environment, especially after adoption of liberalization, privatization, and globalization (LPG) (Goswami, 2011). Guidelines, principles, and codes are being developed by various regulatory bodies in India and across the globe to increase transparency and accountability about both a companys daily operations and the impact of these operations on society (Tran, 2014) In this paper, the author has studied the CSR guidelines laid down by Global Reporting Initiative G3.1 (GRI-G-3) and The National Voluntary Guidelines by Ministry of Corporate Affairs (NVG-MCA) and has compared them with a self-composed CSR Disclosure Index (CSRDI). The social responsibility initiatives taken by select Indian Automotive Companies have been analyzed and the companies have been rated as per the disclosures made by them. The main focus of the research is to compare the CSR Rankings of companies as per CSRDI with the companies rankings as per GRI-G-3 and NVG-MCA. It was observed that out of 30 sensex companies, Maruti Suzuki and TATA Motors have been the pioneers in contribution towards CSR initiatives. The top five rated companies were TATA Motors, Maruti Suzuki, Mahindra and Mahindra, Hero Motocorp, Bajaj Auto, and Apollo Tyres.

Managing the adverse effect of supply chain risk on corporate reputation: The mediating role of corporate social responsibility practices

2021 ◽  
Vol 46 (4) ◽  
pp. 251-261
Author(s):  
Nitya P. Singh
Keyword(s):  
Corporate Social Responsibility ◽  
Supply Chain ◽  
Social Responsibility ◽  
Corporate Reputation ◽  
Negative Impact ◽  
Research Question ◽  
Necessary Condition ◽  
Supply Chain Risk Management ◽  
Supply Chain Risk ◽  
Corporate Social

Within the last decade, research has focussed on corporate social responsibility (CSR) practices as a strategic tool that enables firms to improve stakeholder perception, brand image and corporate reputation. However, one area that remains understudied is the role played by CSR practices in managing corporate reputation under conditions of supply chain risk. To answer this research question, we conduct a literature review and develop the corresponding hypothesis. We test our hypothesis using quantitative analysis of both primary and secondary data collected from organizations dispersed globally. The results highlight that under conditions of supply chain network disruption risk, CSR practices play an important role in enabling firms to manage the negative impact of such risk drivers on corporate reputation. The study further suggests that CSR practices positively impact supply chain risk management (SCRM) practices and are a necessary condition for SCRM practices to be effective in improving corporate reputation of organizations.

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