The Assessment of Corporate Social Responsibilities Reporting among Malaysian Public Listed Companies in Consumer Product and Services Industries based on Bursa Malaysia CSR Framework

Abstract

Over the past ten years, Malaysia has seen a rise in interest in corporate social responsibility (CSR). The primary justification for the necessity of CSR reporting among Bursa Malaysia-listed firms is that those corporations have moral and financial duties to society. The relevance of CSR reporting in Malaysia has increased since the Bursa Malaysia Corporate Social Responsibility Framework was introduced in 2006 and made mandatory for disclosure in the annual reports of listed companies starting in 2016. Based on the Bursa Malaysia CSR Framework 2006's four domains-marketplace, community, workplace, and environment-this study investigates the CSR reporting in the annual reports of businesses in Malaysia's consumer goods and services sector. The CSR reporting in corporate annual reports was examined in this study using qualitative research. According to this study, the annual report's sustainability report, or CSR part, contains information about CSR reporting. The research results show the frequency of CSR reporting as well as the areas of focus on CSR activities and reporting among 20 consumer product and service firms listed on the Bursa Malaysia from 2020 to 2022.