By Dr Suzanne Young and Magalie Marais.
Our personal and professional journeys led us during recent months to develop a research project based on a comparison of CSR reporting practices between France and Australia. Characterised by very different national institutions of governance and views of society, these two countries offer interesting insights for understanding the meaning and the stakes associated with CSR reporting at a macro and a micro-level.
A number of key conclusions have arisen from our study.
1. CSR reporting is stronger, broader and deeper and CSR practices are more transparent in France than Australia. This could be due to national characteristics such as the governance system or regulation which has made reporting mandatory. The French governance system prioritises a stakeholder perspective and may make regulation around CSR more acceptable. Regulated reporting seems to be an effective tool to enhance social progress of CSR in France.
2. Similar to other international studies, this study found that industry characteristics override national characteristics in certain high risk/impact industries.
3. Regulation may not act as just a leveller but can provide opportunities for innovation and renewed strategic considerations in regard to CSR especially in the environmental field. It creates a positive driver for innovative CSR practices for all types of industries but especially for the ones characterised by a “low level” of environmental and social risks.