Social reporting and company evaluation

Contemporary companies have a growing social role and their responsibility requires the extension of the voluntary disclosure. According to the idea of triple bottom line (economic, social, environmental) (Elkington, 1998) the number of Social Balance Sheets (SBS) or others similar reports is increased. Moreover, particular attention is given to the definition of a “One Report” that provides both financial and social information to stakeholders (Eccles, Krzus, 2010). The financial and economic aspect of a company is highlighted by the balance sheet while for the social aspect the companies can use different standards, because there aren’t defined regulations. The financial and economic aspects of company are highlighted by the balance sheet, while for the social one in the lack of defined regulations we can use different standards.