Structure of Corporate Responsibility Reporting in Polish Organisations
Keywordscorporate social responsibility, sustainability reporting, triple bottom line, CSR disclosure, GRI
Purpose: Corporate social responsibility (CSR) has a long history, dating back to the 1950s and undergoing since than many changes. Although environmental responsibility is one of its fundamental paradigms, there are also other dimensions, which constitute CSR: the social dimension, focusing on people and the economic dimension. Studies suggest that organisations tend to a selective disclosure of non-financial information. This may lead to disparities in the nature of non-financial information disclosed. Therefore, the main aim of this paper is to determine the structure of CSR information disclosed by Polish organisations.
Design/methodology/approach: The analysis has been conducted on organisations listed on the Warsaw Stock Exchange. For this purpose sustainability reports made available by the organisations have been analysed using the Global Reporting Initiative Guidelines. The data has been analysed using descriptive statistics.
Findings: The analysis shows, that organisations disclose non-financial information most specific in the category General Standard Disclosure. Within the category Specific Standard Disclosure, organisations are most likely to disclose social information followed by environmental information and economic information. However, within social information the disclosure level is not even. Most specific information is being disclosed in regard to the Labour Practices and Decent Work categories, while only a few organisations disclose Human Rights information.
Research and practical limitations/implications: Due to the low number of organisations disclosing non-financial information in general, the results presented in this paper must be treated with caution, especially in
regard to the attempt to show the structure of CSR reporting in particular industries. The practical implications of the results include the presentation of existing disparities within CSR reporting and thus point towards reporting areas, which need to be approached with more attention.
Originality/value: Previous research relating to the disclosure of non-financial information focused mainly on selected industries. This paper evaluates CSR reporting in regard to all organisations listed on the Warsaw Stock Exchange. Furthermore, previous research analysed mostly the disclosure level in selected categories, without showing the relation between the disclosure levels in all categories.
Paper type: Research paper.
Adams, C.A., Frost, G.R. (2008), “Integrating Sustainability Reporting into Management Practices”, Accounting Forum, Vol. 32, Issue 4, pp. 288 – 302.
Ali, W., Frynas, J.G., Mahmood, Z. (2017), “Determinants of Corporate Social Responsibility (CSR) Disclosure in Developed and Developing Countries: A Literature Review”, Corporate Social Responsibility and Environmental Management, Vol. 24, Issue 4, pp. 273 – 294.
Bębenek, P. (2017), “Effective Innovation Management in a Company – Innovation Assessment Criteria”, in: Proceedings of the 4th International Multidisciplinary Scientific Conferences SGEM2017, Social Sciences & Art, Albena, Bulgaria, Stef92 Technology Ltd., Sofia.
Ching, H.Y., Gerab, F., Toste, T.H. (2013), “Analysis of Sustainability Reports and Quality of Information Disclosed of Top Brazilian Companies”, International Business Research, Vol. 6, Issue 10, pp. 62 – 77.
Daub, C.H. (2007), “Assessing the Quality of Sustainability Reporting: An Alternative Methodological Approach”, Journal of Cleaner Production, Vol. 15, Issue 1, pp. 75 – 85.
De Beelde, I., Tuybens, S. (2015), “Enhancing the Credibility of Reporting on Corporate Social Responsibility in Europe”, Business Strategy and the Environment, Vol. 24, Issue 3, pp. 190 – 216.
Dyduch, J., Krasodomska, J. (2017), “Determinants of Corporate Social Responsibility Disclosure: An Empirical Study of Polish Listed Companies”, Sustainability, Vol. 9, Issue 11, art. 1934.
Gallego, I. (2006), “The Use of Economic, Social and Environmental Indicators as a Measure of Sustainable Development in Spain”, Corporate Social Responsibility and Environmental Management, Vol. 13, Issue 2, pp. 78 – 97.
Global Reporting Initative (2013), G4 Sustainability Reporting Guidelines, Amsterdam.
Hawrysz, L. (2016), “Social Aspects of CSR Reporting in Polish Banks Listed on the Warsaw Stock Exchange”, in: Conference Proceedings of the 3rd Intrenational Multiidisciplinary Conference SGEM 2016, Stef92 Technology Ltd., Sofia, pp. 587 – 594.
Hawrysz, L., Maj, J. (2017), “Identification of Stakeholders of Public Interest Organisations”, Sustainability, Vol. 9, Issue 9, art. 1609.
Hąbek, P. (2014), “Evaluation of Sustainability Reporting Practices in Poland”, Quality & Quantity, Vol. 48, Issue 3, pp. 1739 – 1752.
Hąbek, P. (2017), “CSR Reporting Practices in Visegrad Group Countries and the Quality of Disclosure”, Sustainability, Vol. 9, Issue 12, art. 2322.
Józefowicz, B., Jedynak, E. (2016), “Zarządzanie różnorodnością a budowanie zaufania w przedsiębiorstwie na przykładzie firmy Intel”, Przedsiębiorczość i Zarządzanie, Vol. 17, Issue 2, pp. 75 – 88.
Karaszewski, R., Lis, A. (2014), “Is Leadership an Antecedent of Corporate Social Responsibility? The Study in the Context of Positive Organisational Potential”, Journal of Corporate Responsibility and Leadership, Vol. 1, Issue 1, pp. 53 – 70.
Klimkiewicz, K., Oltra, V. (2017), “Does CSR Enhance Employer Attractiveness? The Role of Millennial Job Seekers’ Attitudes”, Corporate Social Responsibility and Environmental Management, Vol. 24, Issue 5, pp. 449 – 463.
Kolk, A., Perego, P. (2010), “Determinants of the Adoption of Sustainability Assurance Statements: An International Investigation”, Business Strategy and the Environment, Vol. 19, Issue 3, pp. 182 – 198.
Kozlowski, A., Searcy, C., Bardecki, M. (2015), “Corporate Sustainability Reporting in the Apparel Industry: An Analysis of Indicators Disclosed”, International Journal of Productivity and Performance Management, Vol. 64, Issue 3, pp. 377 – 397.
KPMG (2017), The Road Ahead: The KPMG Survey of Corporate Responsibility Reporting 2017. Retrieved from https://assets.kpmg.com/content/dam/kpmg/xx/pdf/2017/10/kpmg-survey-of-corporate-responsibility-reporting-2017.pdf (accessed 23 July 2018).
Księżak, P., Fischbach, B. (2018), “Triple Bottom Line: The Pillars of CSR”, Journal of Corporate Responsibility and Leadership, Vol. 4, Issue 3, pp. 95 – 110.
Kubiciel-Lodzinska, S. (2017), “The Determinants of Employment of Foreigners in Polish Companies (Based on Empirical Findings)”, in: Proceedings of the 4th International Multidisciplinary Scientific Conferences SGEM2017, Social Sciences & Art, Albena, Bulgaria, Stef92 Technology Ltd., Sofia, pp. 453 – 460.
Maj, J. (2018), “Nature of Non-Financial Information Disclosed by Polish Organisations”, in: Proceedings of the 31st International Business Information Management Association Conference, Milan, Italy, pp. 640 – 648.
Matuszak, Ł., Różańska, E. (2017), “CSR Disclosure in Polish-listed Companies in the Light of Directive 2014/95/EU Requirements: Empirical Evidence”, Sustainability, Vol. 9, Issue 12, art. 2304.
Moura-Leite, R.C., Padgett, R.C. (2011), “Historical Background of Corporate Social Responsibility”, Social Responsibility Journal, Vol. 7, Issue 4, pp. 528 – 539.
Norman, W., MacDonald, C. (2004), “Getting to the Bottom of »Triple Bottom Line«”, Business Ethics Quarterly, Vol. 14, Issue 2, pp. 243 – 262.
Orlitzky, M., Siegel, D. S., Waldman, D. A. (2011), “Strategic Corporate Social Responsibility and Environmental Sustainability”, Business & Society, Vol. 50, Issue 1, pp. 6 – 27.
Randari, A.H., Rostamy, A.A.A. (2015), “Designing a General Set of Sustainability Indicators at the Corporate Level”, Journal of Cleaner Production, Vol. 108, Part A, pp. 757 – 771.
Roca, L.C., Searcy, C. (2012), “An Analysis of Indicators Disclosed in Corporate Sustainability Reports”, Journal of Cleaner Production, Vol. 20, Issue 1, pp. 103 – 118.
Sierra-Garcia, L., Garcia-Benau, M.A., Bollas-Araya, H.M. (2018), “Empirical Analysis of Non-Financial Reporting by Spanish Companies”, Administrative Sciences, Vol. 8, Issue 3, art. 29.
Tarquinio, L., Raucci, D., Benedetti, R. (2018), “An Investigation of Global Reporting Initiative Performance Indicators in Corporate Sustainability Reports: Greek, Italian and Spanish Evidence”, Sustainability, Vol. 10, Issue 4, art. 897.
Visser, W. (2016), “The Future of CSR: Towards Transformative CSR, or CSR 2.0.”, in: Örtenblad, A. (Ed.), Research Handbook on Corporate Social Responsibility in Context, Elgar Publishing, Cheltenham, pp. 339 – 367.
How to Cite
Number of views and downloads: 8
Number of citations: 0