The impact of corporate social responsibility disclosure on global sustainable development goals disclosure companies

Abstract

This study examines the influence of Corporate Social Responsibility (CSR) disclosure on Sustainable Development Goals (SDG) disclosure across publicly listed firms in Vietnam in 2023. CSR and SDG reporting are recognized as documents that illustrate sustainability across economic, social, and environmental dimensions despite their differences in structure and execution. The study revealed inverse connections between CSR and SDG based on reports from 147 firms. Furthermore, the study’s findings indicated that corporate size influences the disclosure of reports. Large-scale corporations often publish Sustainable Development Goals (SDGs), but smaller organizations favor Corporate Social Responsibility (CSR) disclosure due to the accessibility and flexibility of such reports. Consequently, the study findings potentially enhance this topic, particularly regarding the execution of CSR and SDG disclosure in underdeveloped nations. This research indicates that to improve stakeholder satisfaction, listed businesses must focus on balancing SDG and CSR disclosure.