Český finanční a účetní časopis 2024(2):4-22 | DOI: 10.18267/j.cfuc.590

Corporate social responsibility in annual reports of Czech and Slovak companies

Michal Šindelář
Vysoká škola ekonomická v Praze, Fakulta financí a účetnictví, katedra finančního účetnictví a auditingu

The article deals with the issue of reporting information on corporate social responsibility in the annual reports of Czech and Slovak companies. The analysis is based on selected aspects of corporate social responsibility as defined by GRI standards and evaluates their presentation in the annual reports of 25 Czech and 25 Slovak companies in 2015 and 2020. A two-sample t-test was used to evaluate the significance of the change in the reported information. The most frequently reported aspects include information related to risks and opportunities impacting the company's revenues and expenses. Conversely, among the least frequently reported information can be found aspects dealing with diversity policy. The analysis did not confirm a significant improvement in the narrative value of CSR information reported in annual reports between 2015 and 2020.

Keywords: Corporate social responsibility (CSR); GRI standards; Annual report; Environmental, social and corporate governance (ESG)
JEL classification: M14, M41

Received: April 10, 2023; Revised: August 17, 2023; Accepted: February 24, 2024; Published: July 1, 2024  Show citation

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Šindelář, M. (2024). Corporate social responsibility in annual reports of Czech and Slovak companies. Czech Financial and Accounting Journal, 2024(2), 4-22. doi: 10.18267/j.cfuc.590
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