Contents of CSR Report

·      Corporate Context: Effective CSR practices and
reporting must be placed within the context of a company’s business activities,
geographic footprint, operating performance, financial strength and corporate
goals. This allows stakeholders to understand the context in which the CSR
policies and strategies have been developed as well as how CSR impacts
operating and financial strategies.

·      Stakeholder Engagement: CSR reporting is a dialogue between
a company and its stakeholders should convince all those affected by the
company’s operations that their concerns are understood and being addressed. Therefore,
the report should identify the company’s stakeholders and explain how it
approaches and manages stakeholder engagement.

·      Performance: Committing to sustainability and
corporate social responsibility means adherence to a set of external and
self-imposed standards of performance as well as the policies, procedures,
systems and structures that ensure those standards are met.

      Assurance and Validation: Assurance adds another level if
credibility by providing an opinion of the company’s CSR report. Companies
should tailor approach to establish the credibility of its report through
external verifications.