Sustainability Reporting in Central and Eastern European Companies: Results of an International and Empirical Study

Horváth, Péter; Pütter, Judith Maja; Haldma, Toomas; Lääts, Kertu; Dimante, Dzineta; Dagilienė, Lina; Kochalski, Cezary; Ratajczak, Piotr; Wagner, Jaroslav; Petera, Petr; Pakšiová, Renáta; Tirnitz, Tamás; Sucală, Voicu-Ion; Sava, Adriana; Buhovac, Adriana Rejc; Bedenik, Nidžara Osmanagić; Labaš, Davor

doi:10.1007/978-3-319-52578-5_2

Cited by 13 publications

(15 citation statements)

References 39 publications

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“…The legal framework shows that the EU law has crossed the goal-line with respect to CSR reporting as such, but not yet about its content and arguably even not yet fully about the exact dimensions of this duty [20,[28][29][30][31][32]. Generally, it is proposed that the understanding of the extent, format and form of CSR varies considerably [29], across industries [52,62], and on both EU and national levels [63], and that conflicts are not only between various stakeholders but even between various CSR concerns [26].…”

Section: Analysis and Discussionmentioning

confidence: 99%

Corporate Social Responsibility Information in Annual Reports in the EU—A Czech Case Study

Pelikánová

2019

Sustainability

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The commitment of the European Union (EU) to Corporate Social Responsibility (CSR) is projected into EU law about annual reporting by businesses. Since EU member states further develop this framework by their own domestic laws, annual reporting with CSR information is not unified and only partially mandatory in the EU. Do all European businesses report CSR information and what public declaration to society do they provide with it? The two main purposes of this paper are to identify the parameters of this annual reporting duty and to study the CSR information provided by the 10 largest Czech companies in their annual statements for 2013–2017. Based on legislative research and a teleological interpretation, the current EU legislative framework with Czech particularities is presented and, via a case study exploring 50 annual reports, the data about the type, extent and depth of CSR is dynamically and comparatively assessed. It appears that, at the minimum, large Czech businesses satisfy their legal duty and e-report on CSR to a similar extent, but in a dramatically different quality. Employee matters and adherence to international standards are used as a public declaration to society more than the data on environmental protection, while social matters and research and development (R&D) are played down.

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Section: Analysis and Discussionmentioning

confidence: 99%

Corporate Social Responsibility Information in Annual Reports in the EU—A Czech Case Study

Pelikánová

2019

Sustainability

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“…The explanation of such differences in CER between the two groups of countries may reside in the political, economic, historical, and cultural backgrounds of these societies [4]. Companies in Central and Eastern European countries adopt CER mainly to protect brands and keep their "licence to operate" by having society's approval for their activities [72,73]. The main reasons for refraining from setting up CER programs are fear of increased costs, lack of time and human resources, lack of motivation, and insufficient knowledge on how to set up and apply such a strategy.…”

Section: Discussionmentioning

confidence: 99%

A Comparative Study on Drivers for Corporate Environmental Responsibility, EU15 vs. EU-NMS13

2019

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The activity of enterprises has a major impact on the quality of the environment. Deterioration and abusive exploitation of resources, with no concern for environmental protection, bring the need for a higher level of corporate environmental responsibility (CER). Consequently, CER has become a sine qua non concern of small and medium enterprises (SMEs). This study aims to estimate the importance of drivers for CER. It was conducted on a sample of SMEs from two groups of EU countries characterised by a different level of social and economic development backgrounds. The authors applied statistical analysis to estimate the importance of the effect of drivers for CER using the logit model and the nomogram. The logit model shows that the most important effects of drivers for CER correspond to the company’s core values, the impact of resource efficiency actions on the production costs, and the return on the investments made on resource efficiency. The magnitude of these effects is different for the SMEs from the two EU groups. Also, the study underlines the significant effect of SMEs’ size for CER. The differences for the two groups of countries call for policies stimulating environmental responsibility, differentiated by the two types of SMEs.

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“…The legal framework shows that the EU law has crossed the goal-line with respect to CSR reporting as such, but not yet about its very content and arguably even not yet fully about the exact addresses of this duty [20,[28][29][30][31][32]. Generally, it is proposed that the understanding of the extent, format and form of CSR varies considerably [29], on both EU and national levels [63], and that conflicts are not only between various stakeholders but even between various CSR concerns [26].…”

Section: Analysis and Discussionmentioning

confidence: 99%

“…Boldly, once the existence of this duty is clarified, an even more important issue emerges, namely, what CSR information is, in real life, provided in the annual statements and what public declaration to society is achieved by it? There are just a few, general national and strongly fragmented studies, and these with inconclusive propositions about the reality of the CSR reporting [20,[29][30][31]. Generally, they propose that the understanding of the extent, format and form of CSR varies considerably [27,29], that the impact of the CSR on performance varies [33] and even tensions and conflicts between various types and categories of CSR information exist [26].…”

Section: Introductionmentioning

confidence: 99%

“…Due to this lack of many prior case studies [20,[28][29][30][31][32], and because those that exist bring, based on linear regression, very interesting suggestions about the CSR and its dimensions, such as employees and environmental matters [31], the realization of a Czech pioneering national case study about the categories aka types, quantity and quality of CSR information provided in annual statements centrally filed, and accessible online, is highly desirable. Since it is proposed that both the company size and financial performance affects the CSR and CSR reporting much more than the belonging into a particular field of industry [31], the selected sample includes the 10 largest Czech companies by revenue and their annual reports, available online via central e-portal, for the period 2013-2017.…”

Section: Introductionmentioning

confidence: 99%

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Corporate Social Responsibility Information in Annual Reports in the EU – A Czech Case Study

Pelikánová¹

2018

Preprint

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The commitment of the EU to Corporate Social Responsibility (CSR) is projected in the EU law about annual reporting by businesses. Since EU member states further develop this framework by their own domestic laws, annual reporting with CSR information is not unified and just partially mandatory in the EU. Do all European businesses report CSR information and what public declaration to society do they provide with it? The main dual purpose of this paper is identifying the parameters of this annual reporting duty and studying the CSR information provided by the ten largest Czech companies in their annual statements for 2013-2017. Based on legislative research and the teleological interpretation, the current EU legislative framework with Czech particularities is presented and, via a case study exploring 50 annual reports, the data about the type, extent and depth of the CSR is dynamically and comparatively assessed. It appears that, at a minimum, large Czech businesses satisfy their legal duty and e-report on CSR in a similar extent, but in dramatically different quality. Employee matters and adherence to international standards are used as a public declaration to society more than the data on environmental protection, while social matters and R&D are played down.

show abstract

Sustainability Reporting in Central and Eastern European Companies: Results of an International and Empirical Study

Cited by 13 publications

References 39 publications

Corporate Social Responsibility Information in Annual Reports in the EU—A Czech Case Study

Corporate Social Responsibility Information in Annual Reports in the EU—A Czech Case Study

A Comparative Study on Drivers for Corporate Environmental Responsibility, EU15 vs. EU-NMS13

Corporate Social Responsibility Information in Annual Reports in the EU – A Czech Case Study

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Sustainability Reporting in Central and Eastern European Companies: Results of an International and Empirical Study

Cited by 13 publications

References 39 publications

Corporate Social Responsibility Information in Annual Reports in the EU—A Czech Case Study

Corporate Social Responsibility Information in Annual Reports in the EU—A Czech Case Study

A Comparative Study on Drivers for Corporate Environmental Responsibility, EU15 vs. EU-NMS13

Corporate Social Responsibility Information in Annual Reports in the EU &ndash; A Czech Case Study

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Corporate Social Responsibility Information in Annual Reports in the EU – A Czech Case Study