Corporate social responsibility and sustainability reporting in banks - a comparative analysis

Abstract

Corporate social responsibility has become an important area of concern for the companies at global level. Different countries perform social activities as per their own criteria and guidelines under the prevailing law. Since GRI 3.1 sustainability reporting framework is a common platform for the performance of social activities all over the world, thus the study is conducted to find out the top performers in the banking sector of the world according to the framework and make a comparative analysis of the countries in this context. Annual and CSR reports of the banks in these countries are analysed to measure the CSR performance as per the guidelines mentioned in GRI 3.1 and difference in their performance is found. As compared to banks in other countries, Chinese banks are performing more CSR activities and cover all the CSR areas as per GRI 3.1 guidelines.