This study aims to examine Sustainability Reports (SR), Business Responsibility Reports (BRR), among others. It also brings information disclosed publicly, whether online or in annual reports (including those with integrated reporting [IR] framework).
It is not sufficient for companies to merely invest in CSR projects and meet the 2% norm. One needs to understand whether Sustainability and CSR are being looked at strategically. Do companies have a Sustainability and CSR policy? Is there a board oversight? Is Sustainability and CSR information reported? More importantly, do Sustainability and CSR activities cover all the stakeholders?
From here we take the two constructs, sustainability and CSR, together and call it responsible business.
This study, therefore, examines and ranks companies on the basis of the four criteria mentioned below.