Factors Leading To CSR Reporting: A Case From Manufacturing Sector In Sri Lanka

Abstract

³&RUSRUDWH6RFLDO5HVSRQVLELOLW\ &65) reporting originated from a growing stakeholder awareness of the role of business entity in the society. It is a voluntary form of selfregulation that aims to undertake everything from human rights and labour standards to limiting carbon dioxide emissions that lead to climate changes (Doane, 2004). There are number of studies which emphasize the development of CSR reporting worldwide (Boesso & Kumar, 2006; Enquist, Johnson & Skalan, 2006; Nielsen & Thomsen, 2007; Ratanajongkol & Low, 2006; Slater & Gilbert, 2004; Tilling & Tilt, 2009). World Bank Report (2004) reveals that SHUFHQW RI WKH ZRUOG¶V ODUJHVW ILUPV produce some form of non-financial report, compared to 35 percent level of these firms in 1999. Ratanajongkol & Low (2006) found that in 1993, 13 percent of the top 100 firms in the world produce health, safety, or environmental report. By 1996, that number had risen to 17 percent, in 1999, 24 percent of firms produced CSR or Sustainability Reports, and by 2002, it was 28 percent