CORPORATE SOCIAL REPORTING PRACTICE IN INDIA

MANAGEMENT

International Conference on Research avenues in Social Science

: Since corporate social reporting is viewed as vital to accommodate the social aspects of a company and not merely the economic aspect, companies have started to focus on the importance of including social report in their annual reports. The primary purpose of corporate social reporting is to communicate to all the relevant stakeholder groups who might be affected by organizational activities irrespective of their power. Annual report of a company usually includes the Chairman’s Report, Directors’ Report, financial statements and Auditors’ report, as well as relevant notes to the accounts. Reporting of the social activities of the company should always be in the form of a social report, included in the annual report. Hence, an attempt has been made how do the Indian companies go about in reporting the social activities, item-wise? How do the companies rank in terms of social reporting? For this, the top 100 companies based on market capitalization, from the list BSE 200 companies, has been chosen as the sample. Data required have been sourced from the annual reports of these companies, for a period of five years from 2007-08 to 2011-2012. The result indicates that Corporate Social Reporting has been gaining momentum in India and many companies willingly come forward to explain their standing on various aspects ranging from environment to employee-specific issues.

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