Abstract
European companies have not only taken care of complying with the legal obligations imposed by the law (social and environmental obligations), but have gone further by voluntarily assuming a real commitment to their corporate social responsibility. In this sense, a set of indicators defines a real approach to CSR. In particular, a model to rate environmental, social and governance (ESG) dimensions of any company seems to provide an objective, measurable and comparable information that makes it possible to define a real assessment of the CSR based on ESG.
Highlights
To overcome these difficulties, this article presents a rating model called ESG Audit, based on the actions of the companies and not on their intentions.The aim is to measure the quantitative and qualitative areas that provide objective, measurable and comparable information that enables us to obtain a real picture of the company in terms of ESG, and is capable of describing its evolution over time
Since the end of the twentieth century, worldwide companies have had the need to report on the social responsibility of their businesses
Since embracing Corporate Social Responsibility (CSR), European companies have not sought to comply with the legal obligations imposed by the law, but have gone further by voluntarily making a real commitment to their social responsibility
Summary
Since the end of the twentieth century, worldwide companies have had the need to report on the social responsibility of their businesses This trend has been promoted especially by Non-Government Organizations (NGOs) and other Social Institutions, very interested in to assess the impact of these global companies. The NGOs as well as the Stakeholders have developed some recommendations and standards that should be taken into account in any attempt to put in value Corporate Social Responsibility (CSR) These demands have forced companies to consider the social and environmental dimension into their daily management, and to search some indicators to measure the results of the actions of this nature in a coherent, complete.
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