Aveneu Park, Starling, Australia

ConclusionThere the Danish Commerce and Companies Agency’s guide

ConclusionThere is no doubt that  legal requirement has had a positive effect on several of the businesses’ work with CSR issues. Examples have been found to indicate that the legal requirement has provided businesseswith an opportunity to start working with CSR, to increase focus on this area, to better systematiseexisting work and has given businesses a basic framework for their work with CSR.strategic communication. Additionally, the annual report is a good channel of communication to use when informing financial cooperative partners of work that has non-financial results. A number of businesses express satisfaction with the wording of the legal requirement in that, to a great extent, businesses are free to decide on the form and content of their reportThe inspiration comes in particular from other businesses and the UN Global Compact. In addition, the majority of businesses have made use of the Danish Commerce and Companies Agency’s guide “The CSR Report – practical guidelines and inspiration”, which has proven to be a useful tool in understanding the scope of the legislationLack of resources and relevance represent a hindrance to the use of international principles As mentioned in Part 1, just over a quarter of the businesses in the quantitative study have used international CSR principles – particularly the UN Global Compact – as a source of inspiration or framework of reference for their report. The smaller group of businesses interviewed typically mention a lack of resources and relevance as the most significant hindrances to the use of international principles. The businesses evaluate that adapting business activities to international principles is costly in terms of resources and that the principles are not easily workable for businesses for non-manufacturing companies or businesses operating exclusively in Denmark. The majority of the businesses asked are familiar with the UN Global Compact. When asked what they see as the greatest advantages of using international principles like the UN Global Compact, they evaluate that the principles lend structure to work with CSR and simplify implementation of specific activities.