Current Context of Disclosure of Corporate Social Responsibility in Sri Lanka

Abstract

Disclosure of Corporate Social Responsibility (CSR) is one of the ethical responsibilities of a corporate. It is the mean of aware stakeholders regarding company's engagement on social responsibility. The study focused to find out the current context of disclosure of CSR in Sri Lanka. GRI guidelines used to measure the level of disclosure. Findings of the study revealed that the overall level of CSR disclosure is at a low level and there is a need of much improvement in governance, economical, social and environmental disclosures which are the major components of sustainability. It is observed that there are deviations in the level of disclosure among different industry sectors. However, that the trend of the level of disclosure is slight increasing and it signaling high level of CSR disclosures in future.