Problems and Prospects of CSR System Development in China

Abstract

Corporate Social Responsibility (CSR) reporting system is the system to disclosure the institutions and organizations influence on the environment, economy and society to the public. It is a great improvement of CSR that has been issued by advanced enterprises. However the CSR development is still unbalance in China, half of them are in the initial stage. The whole level of CSR is not high and the disclosure breadth and depth are not deep to cover the stakeholder requirements and corporate value. There are lack of development in strategies and specific mechanisms of corporate implying CRS, while there are more improved spaces in the moral or voluntary implementation. In the practice of CRS, the corporate should fully consider the overall efficiencies of economy, society and environment, so that it is possible for CRS to develop sustainable. Therefore, Corporate should focus on the innovation of CSR process. [ABSTRACT FROM AUTHOR]