The Role Of Grenelle in Corporate Social Responsibility Integrated Reporting
The Role Of Grenelle in Corporate Social Responsibility Integrated Reporting

Summary/Abstract: There is in the paper, the analysis of the Grenelle II act from Corporate Social Responsibility reporting point of view. France has long been an important global champion of corporate sustainability reporting. While this trend has advanced the integration of CSR into business practices, the increasing number of regulations has also made it more complicated and costly for international companies to create reports that fulfill the differing requirements of each foreign law. The Grenelle 2 law adopted in July 2010, implements the Grenelle I goals. It sets specific objectives, strategic, incentives and regulations. This Act aims at forcing companies to progress in reporting their environmental and social information: there is no sanction (such as fines), requirements are on a “coin ply or explain” basis and the implementation is progressive. The main advantage of such an Grenelle II Act is a beginning and will have to be rewritten and improved, taking into account the international movement — is to shift minds regarding CSR. CSR and extra—financial information has nothing to do with communication anymore it is clearly a strategic and management process, facilitated by the reporting process.

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