Importance Entities prepare their corporate social responsibility reports as one of the main sources of information on their business performance for investors and other stakeholders. Such reports will significantly facilitate a dialogue between companies going global and the western stakeholders. Objectives The research devises a model for preparing corporate social responsibility reports during sustainable development of the economy. We formulate our own approach to construing the concept of corporate social responsibility reporting by reviewing stances of national and foreign authors; examine purposes of corporate social responsibility reports and practices of their preparation and presentation in large Russian companies, and determine objectives of corporate social responsibility reports. Methods We examined the practices of preparing and presenting social responsibility reports in large Russian companies, determined purposes and objectives of corporate social responsibility reports. Results We built a model to form corporate social responsibility report during sustainable development of the economy. The model determines the purpose and objectives of social responsibility report, regulatory framework for their preparation, principles and basic models to decide how social responsibility should be gauged. Conclusions and Relevance We conclude that contemporary corporate social responsibility reports reflect the manner and pace of the company’s performance of its goals of economic sustainability, social welfare and environmental friendliness as provided in its strategic development plans.
Keywords: corporate social responsibility report, nonfinancial reporting, social responsibility, sustainable development
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