Valuation of corporate social responsibility reports

Abstract

Organizations wanting to be competitive in the market and attractive to their stakeholders report both financial and non-financial information. Non-financial reporting, otherwise disclosure of corporate social responsibility (CSR) is widely discussed in scientific literature, business prospects and governmental strategies. However, there is a lack of investigations directed towards qualitative and quantitative valuation of social information. Thus, the main goal of this article is to investigate the valuation variables of corporate social responsibility and to analyze social responsibility reports of Lithuanian companies. The aspects of valuation of corporate social responsibility reports in Lithuania are analyzed in the article. In order to evaluate social reporting it was conducted the analysis of social responsibility reports according to general issues on CSR policy, structural parts of report, goals and indicators of each CSR activity. The results of CSR valuation reports have revealed that the content, volume and indicators disclosed in social reports are quite different. Only the little number of Lithuanian companies prepares and publicly disclosures their social reports to stakeholders. It shows the lack of culture in understanding the real impact of social and environmental factors.