Corporate Responsibility Reporting Reloaded: The New ESG-Reporting Imperative
Ralf Frank () and
Dieter W. Horst ()
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Ralf Frank: Sheffield Hallam University
Dieter W. Horst: German investment professionals (DVFA)
A chapter in Reputation Management, 2011, pp 257-265 from Springer
Abstract:
Abstract To gain and maintain reputation, corporate responsibility not only has to be managed, but also be reported adequately. Based on this conviction, Frank and Horst illustrate “the new ESG-reporting imperative” in the third chapter. The authors describe how several developments – besides the increased need to verify corporate responsibility towards stakeholders in general – have fostered a professionalization of ESG (ecological, social, governance) reporting over the last years. It has been legal provisions, self-imposed guidelines of a global stakeholder initiative and investment professionals which have set up new reporting standards that gradually bring ESG reporting in line with the reporting of financial data. Frank and Horst describe which quality requirements current ESG data have to meet and which further (structural) measures should be taken to ensure a state-of-the-art ESG reporting.
Keywords: Corporate Responsibility; Global Reporting Initiative; Audit Firm; Stakeholder Management; Management Report (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:spr:mgmchp:978-3-642-19266-1_24
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DOI: 10.1007/978-3-642-19266-1_24
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