CSR Reporting History

The history of CSR reporting is very much tied to the development of CSR standards and is listed as

YearEvent
1976The Organisation for Economic Co-operation and Development (OECD) releases the OECD Guidelines for Multinational Enterprises as a set of voluntary standards and principles for responsible business.
1977The Sullivan Principles are created to help U.S. companies apply economic pressure on South Africa to end apartheid.
1977The French government requires disclosure of labor and employment-related information for companies with more than 300 employees.
1984An explosion/gas leak at a Union Carbide chemical plant in Bhopal, India kills more than 3,000 people in the surrounding community.
1989The Exxon Valdez crashes into Bligh Reef off the coast of Alaska, spilling close to 11 million gallons of oil into Prince William Sound.
1990sRoyal Dutch Shell’s operations in the Niger Delta lead to conflict between the Nigerian government and local communities and allegations of human rights abuses.
1990sA series of labor abuses are revealed in the Nike supply chain, including child labor (Cambodia and Pakistan), hazardous working conditions (China and Vietnam), and poor wages (Indonesia).
1997The Global Reporting Initiative (GRI) is formed by Ceres and the Tellus Institute, two Boston-based nonprofit organizations. The GRI releases its Sustainability Reporting Guidelines in 2000.
2000The United Nations Global Compact (GC) is launched by UN Secretary General Kofi Annan.
2000The Carbon Disclosure Project is created to encourage companies to disclose their greenhouse gas emissions.
2001The Enron scandal reveals widespread accounting fraud; thousands of employees lose their jobs and pensions as the company files for bankruptcy.
2001The French government mandates CSR reporting for all listed companies through the New Economic Regulations (NRE) Act.
2003AccountAbility releases its AA1000 Assurance Standard.
2004The Johannesburg Stock Exchange creates its first Socially Responsible Investment (SRI) Index.
2006The International Finance Corporation (IFC) begins using its Policy and Performance Standards on Social and Environmental Sustainability for all project financing.
2008Sweden and Denmark announce legislation to mandate CSR reporting.
2010An explosion at BP’s Deepwater Horizon drilling rig spills more than 200 million gallons of oil into the Gulf of Mexico.
2010The GRI and GC sign a Memorandum of Understanding in which the two initiatives agree to align their efforts to promote CSR.
2010The International Organization for Standardization releases its first CSR standard, ISO 26000.
Social Accounting, Auditing, and Reporting
Disclosure Requirements

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