Corporate Social Disclosure in Pakistan: A Case Study of Fertilizers Industry

The performance of the firms in corporate sector is heavily dependant upon the corporate governance practices (Nazir et al. 2009) as well as consideration of social responsibility into the general managerial practices of firms, the dimensions of sociocultural environment into business procedures, and compliance with other ethical and regulatory issues. The researchers have focused on the incorporation of corporate environmental governance issues into business practices in order to gain a competitive advantage for the firms (Wise and Ali, 2008; Mitra et al. 2008). However, a little has been found on the corporate environmental governance issues and practices of Pakistani firms since the concept of corporate governance and corporate social responsibility is newer for the emerging economies like Pakistan. This study tells about the three companies and their corporate responsibility towards the Pakistani society, namely, Engro Chemicals, Fauji Fertilizers, and Dawood Herculees Chemicals. These companies are in the business of fertilizers which is riskier to health and environment, however; they are considering Corporate Social Responsibility and environment safety for generating goodwill in the minds of customers and stakeholders.