Critical Analysis Of CSR Reporting By Company X
CONTENTS
OVERVIEW
CSR REPORTING BY COMPANY X
CSR REPORTING BY COMPANY Y
COMPARISON
CONCLUSION
REFERENCE
OVERVIEW
Since this report intends to critically analyse and compare the Corporate Social Responsibility (CSR) reporting information of two companies, the two companies will be called X and Y.
Company X is a huge company based in the United States which operates around the globe which was founded in 1898. Core business of company X is Construction. As of 2014, it is the third largest Construction organization in the United States with annual revenue of USD 23,637 Million making it the third largest Construction based company in the world regarding annual turnover.
Company Y is a company based in Sri Lanka which operates mainly in …show more content…
Business Process Outsourcing Projects such as Seenigama and Mahavilachchiya, Sri Lanka have also taken place. Neighbourhood school development, English language scholarship programmes, Transport & logistics management scholarships, university soft skills programmes are Ys CSR projects related to Education. Regarding Health, Y has initiated Vision related campaigns and also HIV and AIDS awareness campaigns. Y, regarding sustainability, has initiated Rainwater harvesting initiative in Mangalagama and solar power initiative in Halmillave, SL. Y has hosted a bio-diversity conference and sponsored an Elephant conservation programme …show more content…
Company Y, being the conglomerate it is, needs to keep its image not only among top tier investors, but the general public as well. Thus, they give a higher priority to CSR and sustainability than X. Plus the CSR plan by Y is much better defined than X, with its Action plan and established parameters.
The CSR reporting of X may have little effect on its image among its various stakeholders as it is a huge corporation that operates in a large number of countries, which has been involved in hundreds of mega budget projects with a reputation that clearly precedes itself.
In comparison, the CSR reporting by Company Y has a bigger impact on all stakeholders (direct and indirect) than the CSR reporting by Company X, the biggest reasons being that CSR plan of Y addresses more pressing issues of the society and is far more diversified.
X has not shown a clear summary of the budget allocated for its CSR agenda; on the other hand Y has published the costs incurred for its CSR Programme. Xs reporting is less transparent than Y and therefore, less likely to impact Xs
OVERVIEW
CSR REPORTING BY COMPANY X
CSR REPORTING BY COMPANY Y
COMPARISON
CONCLUSION
REFERENCE
OVERVIEW
Since this report intends to critically analyse and compare the Corporate Social Responsibility (CSR) reporting information of two companies, the two companies will be called X and Y.
Company X is a huge company based in the United States which operates around the globe which was founded in 1898. Core business of company X is Construction. As of 2014, it is the third largest Construction organization in the United States with annual revenue of USD 23,637 Million making it the third largest Construction based company in the world regarding annual turnover.
Company Y is a company based in Sri Lanka which operates mainly in …show more content…
Business Process Outsourcing Projects such as Seenigama and Mahavilachchiya, Sri Lanka have also taken place. Neighbourhood school development, English language scholarship programmes, Transport & logistics management scholarships, university soft skills programmes are Ys CSR projects related to Education. Regarding Health, Y has initiated Vision related campaigns and also HIV and AIDS awareness campaigns. Y, regarding sustainability, has initiated Rainwater harvesting initiative in Mangalagama and solar power initiative in Halmillave, SL. Y has hosted a bio-diversity conference and sponsored an Elephant conservation programme …show more content…
Company Y, being the conglomerate it is, needs to keep its image not only among top tier investors, but the general public as well. Thus, they give a higher priority to CSR and sustainability than X. Plus the CSR plan by Y is much better defined than X, with its Action plan and established parameters.
The CSR reporting of X may have little effect on its image among its various stakeholders as it is a huge corporation that operates in a large number of countries, which has been involved in hundreds of mega budget projects with a reputation that clearly precedes itself.
In comparison, the CSR reporting by Company Y has a bigger impact on all stakeholders (direct and indirect) than the CSR reporting by Company X, the biggest reasons being that CSR plan of Y addresses more pressing issues of the society and is far more diversified.
X has not shown a clear summary of the budget allocated for its CSR agenda; on the other hand Y has published the costs incurred for its CSR Programme. Xs reporting is less transparent than Y and therefore, less likely to impact Xs