Academics warn that introducing mandatory corporate social responsibility (CSR) reporting rules could have “unintended consequences”.
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If there’s one method for encouraging companies into a “sustainability” frame of mind it is the plea that they adopt a form of disclosure scheme that reveals their corporate social responsibility (CSR) progress.
And yet, the benefits may be difficult to pin down, say academics reviewing the potential of mandatory CSR reporting.
Written by academics Hans Christensen, Luzi Hail and Christian Leuz, Adoption of CSR and Sustainability Reporting Standards: Economic Analysis and Review examines the potential benefits of sustainability reporting by assuming the hypothetical imposition of mandatory disclosure standards on US companies.
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