Corporate sustainability reporting of major commercial banks in line with GRI: Bangladesh evidence

Md. Habib‐Uz‐Zaman Khan (Department of Business Administration, Faculty of Business and Economics, East West University, Dhaka, Bangladesh. He is also a PhD candidate in the Department of Accounting and Corporate Governance, Macquarie University, Sydney, Australia)
Muhammad Azizul Islam (School of Accounting, Economics and Finance, Deakin University, Burwood, Australia)
Johra Kayeser Fatima (Australian School of Business, University of New South Wales, Sydney, Australia)
Khadem Ahmed (Hoda Vasi Chowdhury & Co., Dhaka, Bangladesh)

Social Responsibility Journal

ISSN: 1747-1117

Publication date: 2 August 2011

Abstract

Purpose

This paper aims to examine the tendencies of sustainability reporting by major commercial banks in Bangladesh in comparison with global sustainability reporting indicators outlined in the GRI framework together with banks' predilection toward reporting 16 GRI financial service sector (FSS) specific performance indicators.

Design/methodology/approach

Based on the GRI G3 guidelines, the paper investigated banks' reporting in five broad areas of sustainability, such as environment, labour practices and decent works, product responsibility, human rights and society. The 2008/2009 annual reports of 12 major commercial banks listed on Dhaka stock exchange were analysed and coded using a content‐based technique.

Findings

The results show that information on society is addressed most extensively with regard to extent of reporting. This is followed by the disclosures prepared on decent works and labour practices and environmental issues. Furthermore, the disclosures of product responsibility information and the information for human rights are rather scarce in banks' reporting; on the subject of FSS‐specific disclosures, only seven items out of 16 are disclosed by all sample banks.

Research limitations/implications

The findings of the study indicate that Bangladeshi commercial banks' social disclosures could develop in this style to become more holistic and over time (in association with the country's central bank involvement) to resemble a type of structured reporting to the point where they are properly labelled per se.

Originality/value

The study contributes to the social disclosure literature, in particular in a developing countries banking sector context, seeing as it disseminates evidence of the standing on social disclosures practices at the level of GRI with developing countries' banks data.

Keywords

Citation

Khan, H., Azizul Islam, M., Kayeser Fatima, J. and Ahmed, K. (2011), "Corporate sustainability reporting of major commercial banks in line with GRI: Bangladesh evidence", Social Responsibility Journal, Vol. 7 No. 3, pp. 347-362. https://doi.org/10.1108/17471111111154509

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Publisher

:

Emerald Group Publishing Limited

Copyright © 2011, Emerald Group Publishing Limited

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