Formerly called the Collective Social Investment Report, the CSIR is Nigeria’s first widely circulated and inclusive compendium of companies sustainability performance. The CSIR is designed to be a one-stop shop for summarised information on companies’ practices in environmental, social and governance activities that impact bottom line in the immediate or long term.
The 2020 CSIR, endorsed by the Federal Ministry of Trade and Investment, and supported by Global Rights and Open Society Foundation, provides stakeholders with transparent and detailed information on the activities of companies that have a significant impact on its wider environment, and could substantially influence public perceptions and decisions.
Global Rights, a grantee of Open Society Foundation
The CSIR empowers local and international stakeholders, and enables them to make informed decisions about companies they interact with, by providing knowledge about their social investments, attitude to employees, progress and approach to the triple bottom line and easy access to information during research.
The CSIR Framework Attributes
The CSIR framework is holistic and draws upon a blend of traditional non-financial business management principles, local regulations and principles, the globally recognised ESG (Environment, Social and Corporate Governance) principle and other internationally-implemented sustainability standards, such as that of the Sustainability Accounting Standards Board (SASB), and it applies the Global Reporting Initiative (GRI) principles of sustainability context, materiality, comparability, clarity and balance.
The report is a very useful, informative and comprehensive source. It aided my research on sustainability policies in Nigeria and facilitated my data collection immensely. Given the fact that there is very limited literature and information on CSR practises in West Africa, this compendium is a step in the right direction for communicating CSR policies in the region.
Dear Bekeme, you have done it again! A master piece! Congrats to your team.
In carrying out social development, it is necessary to use third party negotiations from the grass root like CSR-in-Action, who would not only be involved in consultative talks, but would also be hands on to check the progress of the project.