Corporate Social Responsibility and Web Reporting

Abstract

Corporate Social Responsibility (CSR) represents the obligation of an individual, or in this case the company, to be beneficial to the society. The concept will no longer consider profit maximization of a company but to take care of the society and the environment in which they operate. In simple words, Corporate Social Responsibility is the way of doing business by combining economic benefit with sustainability of the environment. This paper puts special emphasis on the importance of Corporate Social Responsibility reporting and on the role of companies' websites in it. This is the main reason why we analyzed the websites of the companies in Bosnia and Herzegovina with the specific focus on the CSR content.