Corporate Social Responsibility Reporting Standards
Elwin Poortman, Premium Member
Businesses, auditors, stakeholders and other institutions favor different reporting standards, and whereas financial reporting standards have harmonized over time, corporate social responsibility standards still vary nowadays.
Tschopp & Nastanki evaluated four globally recognized CSR reporting standards in order to examine to what extent they can be harmonized into one, world-wide accepted, CSR reporting standard. Those current four CSR standards are explained below.
GRI guidelines: The guidelines refer to concrete issues and provide solutions that relate to reporting principles, reporting guidance and standard disclosures. GRI focusses on five content areas which are present in every company. Those are:
AA1000: Also referred to as th...
- Strategy & Analysis
- Organizational Profile
- Report Parameters
- Governance, Commitments & Engagements
- Management Approach & performance indicators