RELATIONSHIP BETWEEN THE CONTENT OF CORPORATE SOCIAL RESPONSIBILITY REPORTS AND BUSINESS CODES OF ETHICS WITH CSR RANKINGS OF COMPANIES IN THE ENERGY SECTOR

摘要

The results of this study show a positive correlation between key words used in a company's code of ethics and its Newsweek 2012 green ranking. That is, the more frequently that key terms were used in the code of ethics, the lower (better) the company's green ranking was. This finding counters the belief of those who claim that emphasis on CSR is simply "window dressing." On the other hand, the relationship between a company's use of key words in its CSR report and its green ranking is inconclusive. No discernible correlation between the frequencies of use of key terms used in CSR reports with a company's green ranking was detected.