Social Performance Disclosure Practices in Indian Oil Companies-An Analysis of GRI-G4 Guidelines
N. Abhishek *
UGC-JRF Scholar, DOS in Commerce, University of Mysore, Mysore-571130, Karnataka, India.
M. L. Ashok
Faculty of Commerce, DOS in Commerce, University of Mysore, Mysore-571130, Karnataka, India.
M. S. Divyashree
GFGC, Uppinangady, Puttur, Mangalore-574229, Karnataka, India.
*Author to whom correspondence should be addressed.
Abstract
Business is one of the members of the society because it starts and ends its operation within the society so it has to consider its obligations and responsibility towards the society in which it is established. Business organisations having a special interest on the society along with its operational performance will sustain in the society for the long-run. There are several people who are having a direct and indirect association towards society such as owners, workers, consumers, financial institutions, and the public at large. For this group of interested people, business must communicate the information regarding to financial, environmental and societal performance of the business. The present study is intended to analyse the disclosure practices of social performance by the Indian oil companies. For the purpose of the study data was collected based on secondary sources and collected data is analysed with the help of content analysis technique, cooke’s compliance index, t-test. The study found that there is a difference in social disclosure of Indian oil companies and GRI-G4 guidelines and also found that there is an improvement in disclosure level of social information over the period of time.
Keywords: Social performance, GRI-G4 guidelines, integrated reporting, BRR framework