Enhancing the Quality of Reporting in Corporate Social Responsibility Guidance Documents: The Roles of ISO 26000, Global Reporting Initiative and CSR‐Sustainability Monitor

25 Pages Posted: 3 Jun 2017

See all articles by S. Prakash Sethi

S. Prakash Sethi

CUNY Baruch College

Janet Rovenpor

Manhattan College

Mert Demir

CUNY Baruch College

Date Written: Summer 2017

Abstract

The intent of this article is to review the phenomenal growth of Corporate Social Responsibility reports published by large corporations around the world. The reports provide companies with an opportunity to inform large segments of society about the impacts of their business operations on the environmental, socio‐political, and governmental (regulatory) aspects of a society. The mostly voluntary nature of these reports, however, places the burden on the corporations creating them to (a) provide an adequate amount of information, (b) cover all the major issues that are relevant to the company and industry, and (c) provide measures of assurance as to the accuracy of information. In this article, we compare and examine three institutional approaches that have played an important role toward improving the quality and consistency of these reports. The institutions involved are ISO 26000, Global Reporting Initiative (GRI), and Corporate Social Responsibility (CSR)‐Sustainability Monitor. We intend to show their different approaches to guiding CSR reporting, and assess their relative strengths and limitations.

Suggested Citation

Sethi, S. Prakash and Rovenpor, Janet and Demir, Mert, Enhancing the Quality of Reporting in Corporate Social Responsibility Guidance Documents: The Roles of ISO 26000, Global Reporting Initiative and CSR‐Sustainability Monitor (Summer 2017). Business and Society Review, Vol. 122, Issue 2, pp. 139-163, 2017. Available at SSRN: https://ssrn.com/abstract=2979660 or http://dx.doi.org/10.1111/basr.12113

S. Prakash Sethi (Contact Author)

CUNY Baruch College

17 Lexington Avenue
New York, NY 10021
United States

Janet Rovenpor

Manhattan College ( email )

Manhattan College Parkway
Riverdale, NY 10471
United States

Mert Demir

CUNY Baruch College ( email )

17 Lexington Avenue
New York, NY 10021
United States

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