Role and Importance of Corporate Social Reporting in Construction Clusters

Abstract

Globally, social reporting has become an essential component of multinational corporations' reporting processes. Such reporting is used to facilitate communication between businesses and their stakeholders. With its assistance, businesses are held accountable to society for the implications of their commercial operations, which appear as environmental, social, and economic effects. Although the majority of our country's economic entities have not yet mastered this sort of reporting, sophisticated corporations are employing new information and communication technology to disclose socially significant information. Their reports are becoming more interactive: the multimedia interface allows users to personalize the reports, convert them into a suitable format, examine the available data, and leave a report about the report's content, among other things. Some companies are experimenting with new communication channels that deliver reports at any time and from any location.