28 Jun '11, 12pm

Do Better CSR Reports Lead to Better Corporate Citizens?

Do Better CSR Reports Lead to Better Corporate Citizens?

For as long as companies have been communicating their CSR efforts, analysts and investors -- and concerned individuals, of course -- have been asking whether stronger reports lead to better companies. In the course of a recent study we conducted at CSRHUB , we think we've found a conclusive answer. We recently compared the perceived CSR performance of 630 corporations who have committed to the Global Reporting Initiative (GRI) reporting standard with the perceived CSR performance of more than 4,000 corporations who have not, based on scores from CSRHUB's CSR ratings system. Not only did we find that GRI-committed companies have higher overall ratings in the CSRHUB system, but they also receive more attention from socially responsible investment (SRI) firms and receive more awards from NGOs and activist groups. Although it's difficult to determine whether compliance actual...

Full article: http://www.greenbiz.com/blog/2011/06/28/do-better-csr-rep...

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