Received: 2019-02-25  |  Accepted: 2019-09-18  |  Published: 2019-12-15

Title

Corporate social responsibility disclosure: evidence from the European retail sector


Abstract

The article provides an up-to-date description of practices in the field of corporate social responsibility disclosures among European retailers. Reports registered by the Global Reporting Initiative’s Sustainability Disclosure Database and corresponding to the following parameters have been used for the study: sector – retailers; region – Europe; report type – GRI G1, GRI G2, GRI G3, GRI G3.1, GRI G4, GRI Standards. The author has calculated general and specific Corporate Social Responsibility Disclosure Indexes, and has analyzed individual elements of general, economic, environmental and social disclosures. The results confirm the spread of corporate social responsibility disclosures; a linear increase in the number of sustainability reports by European retailers is observed. The typical environmental disclosures for retailers are related to energy consumption, carbon dioxide emissions, and waste. Among the social disclosures, the most popular are the “New employee hires and employee turnover”, as well as those associated with hazard identification, risk assessment, and incident investigation in the context of occupational health and safety, and the impact of goods and services on the health and safety of consumers. Disclosures related to water consumption, protected areas and IUCN Red List species, certain aspects of occupational health and safety (such as worker training, promotion of worker health, work-related injuries and ill health, etc.) and indigenous peoples' rights were less common among the European retailers. The results may be useful for retailers who are beginning to create sustainability reports, including in terms of examples of best practices and industry-specific features of retail corporate social responsibility.


Keywords

corporate social responsibility, sustainability report, Global Reporting Initiative, retail, Europe


JEL classifications

M14 , L81 , N74


URI

http://jssidoi.org/jesi/article/410


DOI


Pages

891-905


Funding


This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Mayorova, Elena Aleksandrovna
Plekhanov Russian University of Economics, Moscow, Russian Federation http://www.rea.ru
Articles by this author in: CrossRef |  Google Scholar

Journal title

Entrepreneurship and Sustainability Issues

Volume

7


Number

2


Issue date

December 2019


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

Article views & downloads

HTML views: 1335  |  PDF downloads: 594

References


Adel, C.; Hussain, M. M.; Mohamed, E. K. A.; Basuony, M. 2019. Is corporate governance relevant to the quality of corporate social responsibility disclosure in large European companies?, International Journal of Accounting and Information Management 27(2): 301-332. https://doi.org/10.1108/IJAIM-10-2017-0118

Search via ReFindit


Ali, W; Frynas, J. G. 2017. The Role of Normative CSR-Promoting Institutions in Stimulating CSR Disclosures in Developing Countries, Corporate Social Responsibility and Environmental Management 25(3): 373-390. https://doi.org/10.1002/csr.1466

Search via ReFindit


Ali, W.; Alsayegh, M. F.; Ahmad, Z.; Mahmood, Z.; Iqbal, J. 2018. The Relationship between Social Visibility and CSR Disclosure. Sustainability 10: 866. https://doi.org/10.3390/su10030866

Search via ReFindit


Ali, W.; Frynas, J. G.; Mahmood, Z. 2017. Determinants of Corporate Social Responsibility (CSR) Disclosure in Developed and Developing Countries: A Literature Review, Corporate Social Responsibility and Environmental Management 24(4): 273-294. https://doi.org/10.1002/csr.1410

Search via ReFindit


Arrive, J. T.; Feng, M. 2018. Corporate social responsibility disclosure: Evidence from BRICS nations, Corporate Social Responsibility and Environmental Management 25(5): 920-927. https://doi.org/10.1002/csr.1508

Search via ReFindit


Balluchi, F.; Furlotti, K.; Mazzieri, M.; Torelli, R. 2019. Corporate Social Responsibility Disclosure in Italy: An Analysis of the Last Years, International Journal of Academic Research in Accounting, Finance and Management Sciences 9(1): 54-64. http://dx.doi.org/10.6007/IJARAFMS/v9-i1/5724

Search via ReFindit


Belal, A. R. 2001. A study of corporate social disclosures in Bangladesh, Managerial Auditing Journal 16(5): 274-289. https://doi.org/10.1108/02686900110392922

Search via ReFindit


Bendoraitiene, E.; Butkus, M. 2017. An assessment of CSR disclosure in EU countries. The 17th International Scientific Conference “Globalization and Its Socio-Economic Consequences”: Part II. Ed. by Kliestik, T. October 4-5, Rajecke Teplice, Slovak Republic. Zilina: Georg, 123-130.

Search via ReFindit


Chongruksut, W. 2015. Factors influencing corporate social responsibility disclosure in Thailand, Kasetsart Journal - Social Sciences 36(2): 230-243.

Search via ReFindit


Chung, C. Y.; Jung, S.; Young, J. 2018. Do CSR Activities Increase Firm Value? Evidence from the Korean Market, Sustainability 10: 3164.

Search via ReFindit


Cowen, S. S.; Ferreri, L. B.; Parker, L. D. 1987. The impact of corporate characteristics on social responsibility disclosure: a typology and frequency-based analysis, Accounting, Organizations and Society 12(2): 111-22.

Search via ReFindit


Dawkins, J. 2004. Corporate responsibility: The communication challenge, Journal of Communication Management 9(2): 108–119.

Search via ReFindit


Deepa, S.; Chitramani, P. 2015. CSR in retailing industry – a case of three retail stores, International Journal of Business and Administration Research Review 3(9): 128-135.

Search via ReFindit


Dias, A.; Rodrigues, L. L.; Craig, R. 2016. Global financial crisis and corporate social responsibility disclosure, Social Responsibility Journal 12 (4): 654 – 671. https://doi.org/10.1108/SRJ-01-2016-0004

Search via ReFindit


Dierkes, M.; Preston, L. E. 1977. Corporate social accounting and reporting for the physical environment: a critical review and implementation proposal, Accounting, Organizations and Society 2(1): 3-22.

Search via ReFindit


Dyduch, J; Krasodomska, J. 2017. Determinants of Corporate Social Responsibility Disclosure: An Empirical Study of Polish Listed Companies, Sustainability 9(11): 1934. https://doi.org/10.3390/su9111934

Search via ReFindit


Elg, U.; Hultman, J. 2016. CSR: retailer activities vs consumer buying decisions, International Journal of Retail & Distribution Management 44(6): 640-657. https://doi.org/10.1108/IJRDM-10-2015-0155

Search via ReFindit


Etxeberria, I. A.; Odriozola, M. A. 2018. The social reputation of European companies: Does anti‐corruption disclosure affect stakeholders' perceptions?, Corporate Social Responsibility and Environmental Management 25(5): 713-721. https://doi.org/10.1002/csr.1488

Search via ReFindit


Evangelinos, K.; Skouloudis, A.; Jones, N.; Isaac, D.; Sfakianaki, E. 2016. Exploring the status of corporate social responsibility disclosure in the UK building and construction industry, International Journal of Global Environmental Issues 15(4): 377-399. https://doi.org/10.1504/IJGENVI.2016.081068

Search via ReFindit


Fani, V.; Giau, A.; Macchion, L.; Bandinelli, R.; Caniato, F.; Caridi, M.; Danese, P.; Rinaldi, R.; Vinelli, A. 2015. CSR policy and practices: an empirical study of high-end fashion retail, Global Fashion Management Conference Proceedings. Ed. by Kim, J. June 25-28, Florence, Italy. Republic of Korea: Global Alliance of Marketing & Management Associations, 538-542. http://dx.doi.org/10.15444/GFMC2015.04.05.02

Search via ReFindit


Fernández-Gago, R.; Cabeza-García, L.; Nieto, M. 2018. Independent directors' background and CSR disclosure, Corporate Social Responsibility and Environmental Management 25(5): 295-310. https://doi.org/10.1002/csr.1515

Search via ReFindit


Gantyowati, E. 2017. Firm's Characteristics and CSR Disclosure, Indonesia and Malaysia Cases, Review of Integrative Business and Economic Research 6(3): 131.

Search via ReFindit


Gray, R.; Kouhy, R; Lavers, S. 1995. Corporate social and environmental reporting: a review of the literature and a longitudinal study of UK disclosure, Accounting, Auditing & Accountability Journal 8(2): 47-77.

Search via ReFindit


Hackston, D.; Milne, M. 1996. Some determinants of social and environmental disclosures in New Zealand companies, Accounting, Auditing & Accountability Journal 9(1): 77-108.

Search via ReFindit


Hu Y. Y.; Zhu, Y.; Tucker, J.; Hu, Y. 2018. Ownership influence and CSR disclosure in China, Accounting Research Journal 31(1): 8-21. https://doi.org/10.1108/ARJ-01-2017-0011

Search via ReFindit


Hussainey, K.; Elsayed, M.; Razik, M. A. 2011. Factors affecting corporate social responsibility disclosure in Egypt, Corporate Ownership and Control Journal 8: 432-443. https://doi.org/10.22495/cocv8i4c4art5

Search via ReFindit


Ignatenko, N. N. 2015. Social Responsibility as a Factor of Increasing the Efficiency and Competitiveness of Food Companies [Sotsiаl'nаya otvetstvennost' kаk fаktor uvelicheniya ehffektivnosti i konkurentosposobnosti pishhevykh predpriyatij], Karelian Scientific Journal 1(10): 121-123.

Search via ReFindit


Kansal, M.; Joshi, M.; Batra, G. S. 2014. Determinants of corporate social responsibility disclosures: Evidence from India, Advances in Accounting 30(1): 217-229. https://doi.org/10.1016/j.adiac.2014.03.009

Search via ReFindit


Kornilova, O.; Karashchuk, O. 2017. Socially Responsible Business in Trade: Further Development in Ukraine and Russia, Problems and Perspectives in Management 15(3): 445-452. (3-2).2017.12 https://doi.org/10.21511/ppm.15

Search via ReFindit


Kumar, S.; Kidwai, A. 2018. CSR disclosures and transparency among top Indian companies, International Journal of Indian Culture and Business Management 16(1): 57. https://doi.org/10.1504/IJICBM.2018.10009217

Search via ReFindit


Maj, J.; Hawrysz, L.; Bębenek, P. 2018. Determinants of Corporate Social Responsibility Disclosure in Polish Organizations, International Journal of Contemporary Management 17(1): 197-215. https://doi.org/10.4467/24498939IJCM.18.011.8390

Search via ReFindit


Martin, R.; Yadiati, W.; Pratama, A. 2018. Corporate Social Responsibility disclosure and Company Financial Performance: Do High and Low–Profile Industry Moderate the Result?, Indonesian Journal of Sustainability Accounting and Management 2(1): 15–24. https://doi.org/DOI:10.28992/ijsam.v2i1.42

Search via ReFindit


Mayorova, A.N. 2018. Analysis of the Industry Structure of Non-Financial Reports of Russian Companies, Azimuth of Scientific Research: Economics and Administration 7(1(22)): 169-172.

Search via ReFindit


Mio, C.; Venturelli, A.; Leopizzi, R. 2015. Management by objectives and corporate social responsibility disclosure: First results from Italy, Accounting, Auditing & Accountability Journal 28(3): 325-364. https://doi.org/10.1108/AAAJ-09-2013-1480

Search via ReFindit


Patten, D. M. 1991. Exposure, legitimacy, and social disclosure, Journal of Accounting and Public Policy 10: 297-308.

Search via ReFindit


Patten, D.; Zhao, N. 2014. Standalone CSR reporting by U.S. retail companies, Accounting Forum 38(2): 132-144 https://doi.org/10.1016/j.accfor.2014.01.002

Search via ReFindit


Platonova, E.; Asutay, M.; Dixon, R.; Mohammad, S. 2018. The Impact of Corporate Social Responsibility Disclosure on Financial Performance: Evidence from the GCC Islamic Banking Sector, Journal of Business Ethics 151(2): 451–471. https://doi.org/10.1007/s10551-016-3229-0

Search via ReFindit


Reverte, C. 2016. Corporate social responsibility disclosure and market valuation: Evidence from Spanish listed firms, Review of Managerial Science 10(2): 411-435. https://doi.org/10.1007/s11846-014-0151-7

Search via ReFindit


Roberts, R. W. 1992. Determinants of corporate social responsibility disclosure: an application of stakeholder theory, Accounting, Organizations and Society 17(6): 595-612.

Search via ReFindit


Rozhnova, O. V.; Kevorkova, Zh. A.; Komissarova, I. P.; Luneva, E. V.; Mayorova, A. N. 2018. The role of trade in socio-economic development of Crimea, International Journal of Civil Engineering and Technology 9(12): 48–54.

Search via ReFindit


Sysoeva, T. L.; Timokhina, G. S.; Minina, T. B. 2017. Corporate Social Responsibility as A Method of Reducing Production Costs [Korporativnaya sotsialnaya otvetstvennost kak metod sokrascheniya proizvodstvennyh izderzhek], Russian Journal of Innovation Economics 7(4): 449-456. (in Russian). https://doi.org/10.18334/vinec.7.4.38542

Search via ReFindit


Tran, H. 2017. Differences in corporate social responsibility disclosure between Japan and the USA, Journal of Asian Business and Economic Studies 25(1): 67-85. https://doi.org/10.1108/JABES-04-2018-0002

Search via ReFindit


Ullah, M. S.; Muttakin, M. B.; Khan, A. 2019. Corporate governance and corporate social responsibility disclosures in insurance companies, International Journal of Accounting and Information Management 27(2): 284-300. https://doi.org/10.1108/IJAIM-10-2017-0120

Search via ReFindit


Verbeeten, F. H. M.; Gamerschlag, R.; Möller, K. 2016. Are CSR disclosures relevant for investors? Empirical evidence from Germany, Management Decision 54(6): 1359-1382. https://doi.org/10.1108/MD-08-2015-0345

Search via ReFindit


Vinogradova, M. V.; Babakaev, S. V.; Larionova, A. A.; Laiko, M. Yu.; Kobyak, M.V. 2016. Modernization of Management: Social and Socio-Cultural Aspects, International Journal of Environmental and Science Education 11(15): 7847-7856.

Search via ReFindit


Vo, H. T. M.; Arato, M. 2019. Corporate social responsibility in a developing country context: a multi-dimensional analysis of modern food retail sector in Vietnam, Agroecology and Sustainable Food Systems 1(26): 2168-3565. https://doi.org/10.1080/21683565.2019.1607797

Search via ReFindit


Vu, K.A.; Buranatrakul, T. 2018. Corporate social responsibility disclosure in Vietnam: A longitudinal study, DLSU Business & Economics Review 27(2): 147-165.

Search via ReFindit


Yevdokimova, M.; Zamlynskyi, V.; Kuznietsov, E.; Sakovska, O.; Hatsko, A. 2018. Evolution of social responsibility applied to the concept of sustainable development: mainstream of the 20th century, Journal of Security and Sustainability Issues 8(1): 69-78. https://doi.org/10.9770/jssi.2018.8.1(6)

Search via ReFindit


Yoo, D.; Lee, J. 2018. The Effects of Corporate Social Responsibility (CSR) Fit and CSR Consistency on Company Evaluation: The Role of CSR Support, Sustainability 10(8): 2956. https://doi.org/10.3390/su10082956

Search via ReFindit