Problems and Prospects of CSR System Development in China

Abstract

Corporate Social Responsibility (CSR) reporting system is the system to disclosure the institutions andorganizations influence on the environment, economy and society to the public. It is a great improvement of CSRthat has been issued by advanced enterprises. However the CSR development is still unbalance in China, half ofthem are in the initial stage. The whole level of CSR is not high and the disclosure breadth and depth are notdeep to cover the stakeholder requirements and corporate value. There are lack of development in strategies andspecific mechanisms of corporate implying CRS, while there are more improved spaces in the moral or voluntaryimplementation. 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 focuson the innovation of CSR process.