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Company's Social Performance Reporting Based on International Standards: A Comparative Analysis Across Central and Eastern Europe

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  • Olivian Bîltac

Abstract

Purpose: This paper aims to accomplish a comparative analysis of the social performance reporting, based on international standards in Central and Eastern Europe, thus, an image of companies' active involvement in achieving sustainability goals and of their commitment towards social performance reporting. Design/Methodology/Approach: The main tool utilized as part of this analysis is the international GRI (Global Reporting Initiative) - Social indicators reporting, and it is being approached in a comparative manner across CEE countries. Findings: GRI social indicators reporting for selected companies in Central and Eastern Europe provides both a quantitative and a qualitative approach and based on it, we can propose a scoring grid that would later be useful in evaluating the overall financial and social performance. Practical information: The bi-dimensional approach to financial performance versus social performance is a current one in the context of the global economy currently when economic developments are increasingly challenging pre-existing business models. There is a need for a new approach, a re-conceptualization of the classic business model, but also, for the clear evaluation and identification of company's both financial and social performance. Originality/Value: As a result, this paper develops, based on the GRI standard methodology and a comparative analysis and a scoreboard aiming to test a potential assessment of a company's social performance.

Suggested Citation

  • Olivian Bîltac, 2019. "Company's Social Performance Reporting Based on International Standards: A Comparative Analysis Across Central and Eastern Europe," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 149-167.
    • Handle: RePEc:ers:journl:v:xxii:y:2019:i:3:p:149-167
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    References listed on IDEAS

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    1. Giles Atkinson & Simon Dietz (ed.), 2007. "Handbook of Sustainable Development," Books, Edward Elgar Publishing, number 1818.
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    3. Konstantina Kappou & Ioannis Oikonomou, 2016. "Is There a Gold Social Seal? The Financial Effects of Additions to and Deletions from Social Stock Indices," Journal of Business Ethics, Springer, vol. 133(3), pages 533-552, February.
    4. Alexander Dahlsrud, 2008. "How corporate social responsibility is defined: an analysis of 37 definitions," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 15(1), pages 1-13, January.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Social performance reporting; GRI (Global Reporting Initiative); sustainability standards.;
    All these keywords.

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • G39 - Financial Economics - - Corporate Finance and Governance - - - Other

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