Will New Methods for CSR Reporting Help?
Ismael Bena - MBA, Management Consultant, Netherlands
: I generally concur with your remark, … despite that the relation between sustainability and financial performance has been examined by the various academics the last decade, and that correlation could be indicated, this often has been the result of public relation tactics, in contrast to operational CSR integration (Epstein & Roy, 2003).
Frequently corporations only include environmental expenditure as part of their CSR and neglect to include health and social impact related aspects in their investment decisions. This illustrates an incomplete responsibility profile, hence making their corporate reports a poor indicator of their Corporate Responsibility commitment.
As you correctly pointed out, let's hope the enhanced reporting initiative will alter this behavior in favor of more accurate and complete corporate reports in regard to CSR.