Abstract
Purpose: Corporate Social Responsibility (CSR) in companies is widely accepted within today’s business community. However, the intangibility of this concept and the dispersion of related standards and regulations has created a context characterized by lack of homogeneity in the publishing of CSR results. The present study aims to determine the extent to which Global Reporting Initiative (GRI) indicators are used by Spanish listed companies.
Highlights
During recent years, awareness and discussion about corporate social responsibility (CSR) by the business community has increased
As mentioned at the beginning of the present literature review, we cannot forget the company’s ultimate goal, generating revenue. This is why we analyze the relationship between CSR and financial performance within the context of our study examining the use of Global Reporting Initiative (GRI) economic indicators among companies listed on the IBEX-35
In the ranking of countries that use this application, Spain’s position is noteworthy, ranking second after the United States. This is why we considered it appropriate to use the GRI as a reference in the study of the CSR reports of companies on the IBEX-35
Summary
Awareness and discussion about corporate social responsibility (CSR) by the business community has increased. The purpose of the study is to analyze the amount of information collected by the companies in the sample in terms of economic indicators and conduct a principal components multivariate analysis to determine whether there are causal relationships between company characteristics and the obtained results. As mentioned at the beginning of the present literature review, we cannot forget the company’s ultimate goal, generating revenue This is why we analyze the relationship between CSR and financial performance within the context of our study examining the use of GRI economic indicators among companies listed on the IBEX-35. EC6 Policies, practices, and proportion of spending on local suppliers (sites where significant activities are performed) All companies report this indicator but only 3.22% of the sample details the approval process for suppliers and includes a relationship between the number of bids and contracted local suppliers.
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