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9494682
Corporate Social Disclosure
Description
CSD
No tags specified
accounting and finance
accounting and finance
grade 12
Mind Map by
FN Walton
, updated more than 1 year ago
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Created by
FN Walton
over 7 years ago
13
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Resource summary
Corporate Social Disclosure
How used?
Corporations
Continuous improvement, Risk management, stakeholder engagement (marketing tool)
Other Users
Investors - base investment decisions on CSD, Govt use CSD - less likely to improve strict regulations
What is it?
Reporting on: Financial results, Impact on Society, Environmental Impact
Issues disclosed in Annual Reports: business ethics, diversity in workplace, support for community, environmental initiatives
Difficulties faced
Not subject to AAS
No clear definitions eg social responsibility is different for all companies
Evaluation of CSD
Majority are just aware than truly integrating
Sample only report transparently. Most have tailored public relations documents that showcase good deeds
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