Denmark amongst top nations in CSR reports

A recent survey by leading business schools shows that CSR does have a positive effect on business activities and the compulsory CSR report puts Denmark right up there with the best in the world, writes the Berlingske Tidende daily newspaper.

The relevance and effect of mandatory CSR reports have been subject to much debate. A recent survey by the London and Harvard business schools concludes that CSR reporting does work as it strengthens ties with stakeholders, encourages additional training for employees, increases the priority given to CSR-related investments and establishes trust with various social groups and communities.

Researchers from the two business schools have used data from IMD’s World Competitiveness Yearbook over the period 1992-2008 which constitutes statistical information on growth and social development in 58 countries. This has been combined with an annual survey of more than 5,000 executives in composing the report.

Across the nations, management is considered the most trustworthy in Denmark, Finland and Singapore.