Masdar Sustainable Company and the Global Reporting Initiative Standards 2016: A Case Study from the United Arab Emirates

Mohamed Chakib Kolsi () and Ahmad Al-Hiyari ()
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Mohamed Chakib Kolsi: Liwa College of Technology
Ahmad Al-Hiyari: Liwa College of Technology

A chapter in Contemporary Research in Accounting and Finance, 2022, pp 177-194 from Springer

Abstract: Abstract Corporate Social Responsibility in the UAE is becoming one of the important strategic goals of the country for many decades. Masdar Company is a leading sustainable city in the Middle East region. In this paper, we highlight the importance of CSR and sustainability issues for this company. Then, we compare CSR practices reported by Masdar Co. with regards to the Global Reporting Standards GRI standards 2016 as a benchmark. Our results show that Masdar Co. complies with most of the GRI Standards for the full period 2014–2019. Specifically, Masdar Co. was successful to a greater extent with GRI 2016 standards compliance in general disclosures GRI 100, economic disclosures GRI 200, environmental disclosures GRI 300, and social disclosures GRI 400. Moreover, there is an enhancement in the CSR disclosure quality after the year 2016. Future research should compare the ESG disclosure practices of the UAE-listed companies after the adoption of Abu Dhabi Stock Exchange (ADX) ESG disclosure guidance 2019.

Keywords: Masdar Co; Corporate Social Responsibility; GRI Standards 2016; Sustainability; United Arab Emirates (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1007/978-981-16-8267-4_7

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