Corporate Sustainable Reporting- Evidence from textile and pharmaceutical companies

Abstract

The topic in hand is corporate sustainable reporting. The reporting helps an organization to measure the organization’s impact on economy, environment, society, and governance performance. A sustainable report indicates the company’s core values and model which links between the strategic changes to show the impact on global economy. The broad objective of the study is found out the extent to which textile companies and pharmaceutical companies follow sustainable reporting. The specific objectives are to determine the ranking of the listed textile and pharmaceutical companies, to derive the textile and pharmaceutical companies considering the rate of Score (1- 33%, 34- 67%, 68- 100%), to find out most disclosed item of textile and pharmaceutical companies, and to find out less disclosed item of textile and pharmaceutical companies. The findings of the report indicate that Beximco textile and Viyellatax are top ranked textile companies. AFC agro Biotech, and Silva Pharmaceutical are top ranked pharmaceutical companies. Viyellatex group is the only company that lies in the region of 34 to 67% of the proportion of sustainable score. Without this company all the other companies lie in the region of 1 to 33% of the proportion of sustainable score. Most disclosed items of the companies are Viyellatex group, Beximco Textile, AFC Agro Biotech and Keya Costemics limited. Less disclosed items of the sustainable score are Envoy textile, Nurani Dyeing Limited, and Far Chemical limited.