How complex are CSR reports?5 answersCSR reports can vary in complexity based on different factors. Research suggests that there is a positive association between corporate social performance and the textual complexity of management's discussion and analysis (MD&A) sections in annual reports, indicating that socially responsible firms may use complex narrative disclosures for impression management. Additionally, the structure and content of clinical study reports (CSRs) can be extensive, with various sections like efficacy evaluation, safety evaluation, and attached tables contributing to the overall complexity of the reports. Furthermore, the necessity of tailoring CSR programs in international contexts due to host country institutional complexity, including cultural, regulatory, and economic factors, adds another layer of complexity to CSR practices. Overall, CSR reports can be intricate due to the need for transparent disclosures, detailed trial information, and adaptations to diverse institutional environments.
Why do reports frame news stories?5 answersReports frame news stories to influence public opinion, attitudes, and perceptions on various issues. Framing occurs at both macro and micro levels, impacting how information is presented and interpreted by readers. Different framing techniques, such as thematic, episodic, problem, and solution framing, can elicit varying attitudes from news consumers, affecting how they perceive topics like addiction and public health concerns. However, studies show that news reports often fail to educate audiences fully, leading to misconceptions and stigmatization, particularly in sensitive topics like sex trafficking. Understanding the frames used in news articles is crucial for comprehending the intended message, emphasis, and perspective conveyed by journalists, highlighting the significance of framing in shaping public discourse and societal perceptions.
What are the different forms of CSR reporting?4 answersCSR reporting takes various forms, including sustainability reports, social reports, integrated reports, and standalone CSR reports. These reports provide information on the CSR strategy, initiatives implemented, and results achieved by organizations to gain legitimacy and consensus from stakeholders. The Global Reporting Initiative (GRI) provides guidelines and standards for sustainability reports, while the GBS model is used for social reports. Environmental communication documents have their own reference standards, and the Integrated Reporting Framework by the International Integrated Reporting Council (IIRC) is used for integrated reports. The increase in CSR reporting has led to the need for standards to govern the structure and content of these reports. In the United States, there has been a growth trend in the issuance of standalone CSR reports, although very few are audited or assured.
Discussion of trends and changes in CSR reporting over the years, especially during the COVID-19 pandemic?4 answersCSR reporting has undergone significant changes over the years, particularly during the COVID-19 pandemic. The pandemic has led to a shift in focus towards societal needs related to the crisis, with companies prioritizing reporting on their efforts to address the impacts of COVID-19. The pandemic has not slowed down the development of sustainability reporting, and standard setters like the International Sustainability Standards Board and the European Financial Reporting Advisory Group have gained influence in this area. The airline industry, which has been severely affected by the pandemic, has seen an increase in environmental disclosures compared to social disclosures. The banking sector has also adapted its CSR practices during the pandemic, with a focus on providing accessible banking services and innovative solutions to fight against the health crisis. Overall, the pandemic has highlighted the importance of transparency in CSR reporting and the need for companies to build trust and confidence with stakeholders.
What is the relationship between CSRD and sustainable performance?4 answersThe relationship between CSRD (Corporate Sustainability Reporting Directive) and sustainable performance is examined in the provided abstracts. CSRD is a new legislative proposal that aims to introduce mandatory and uniform reporting standards for sustainability reporting in the EU, including Slovenia. The expectation is that CSRD will contribute to more sustainability-oriented corporate governance and better preparation for environmental and social risks. The qualitative part of non-financial reporting is identified as the weakest aspect, and CSRD aims to address this gap by introducing further requirements. The impact of CSR (Corporate Social Responsibility) on sustainable performance is also explored. CSR initiatives, particularly those focused on employees, are found to help firms create employee trust, which is essential for long-term sustainable performance. Additionally, CSR activities related to consumer rights, employee benefits, and environmental protection have a positive impact on investor sentiment, highlighting the importance of corporate sustainable development for listed companies.
What differentiates the NFRD from the CSRD?5 answersThe NFRD (Non-Financial Reporting Directive) and the CSRD (Corporate Sustainable Reporting Directive) are two different reporting frameworks. The NFRD focuses on non-financial reporting and has raised the level of social responsibility in companies. However, it has been criticized for its weak qualitative reporting. On the other hand, the CSRD aims to advance the quality of sustainability reporting in the EU and reduce global emissions. It introduces mandatory and uniform reporting standards based on double materiality, unification of the system of sanctions, and external audit. The CSRD aligns itself with the GHG Protocol and emphasizes the need for systems thinking in quantifying emissions. The CSRD is expected to contribute to more sustainability-oriented corporate governance.