Corporate Social Disclosure: A Case Study on Petroleum Industry of Pakistan

Abstract

The performance of the firms in corporate sector is now heavily dependent upon corporate Governance practices (S M Nazir 2012) their acts towards environment, society, employees, business practices, compliance with rules and regulations and ethical behavior. The researcher has tried to identify the Corporate Social Disclosure in an emerging economy like Pakistan, by analyzing the Petroleum Industry where the operating procedures of refineries are harmful for the employees as well as for the environment. However, these companies are trying to portray a good image in the minds of its stakeholders by publicizing their procedures and responsibilities in Sustainability reports, Annual reports and taking part in social and community events in order to create goodwill and trustworthiness among its stakeholders. The research report comprises three Case Studies on Refineries of Pakistan namely; Pakistan Refinery Limited, National Refinery Limited and Attock Refinery Limited. The published reports of these companies are studied in detail to provide the readers a detail how these companies are reporting their actions by voluntarily publishing its reports on Annual basis.

Keywords: Sustainability, Enviornment, Corporate Social Disclosure, Stakeholders