Corporate Social Responsibility in GRI

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SUSTAINABILITY REPORTING AND THE GRI Overview of CSR Corporate social responsibility (CSR) refers to the social and environmental responsibility policies and practices developed by an organization to increase its positive influence and reduce its negative activity towards society (Schwartz 2010). Organizations must take responsibility for their actions and all the members of the organization must comprehensively review and consider all their tasked achievements and contributions. A healthy balance between economic progress, social responsibility, and environmental protection can lead to a competitive advantage and solidify an organization's place as a corporate citizen (Dickinson, et.al, 2008). Corporate citizenship goes beyond charitable donations and public relations it is an important determinant of trust in communities in which the organization may operate, helps attract and retain the best employees, and ensures integration of everyday business operations and corporate goals (Lewis 2011). CSR reporting is a voluntary disclosure that provides managers and employees with needed information to make decisions that help improve processes and products. Examples include management earnings forecast, social and environmental reports, information on achieved projects and company targets, and risks management. Internal reporting provides critical feedback to employees that enables them to see how their individual contributions add to the success of the organization.
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