Impact of corporate social responsibility disclosure on organizational performance of metal quarries in Colombo District

Abstract

Rapid growth of infrastructure development of Sri Lanka increases the demand for the metal. Therefore even in the fast urbanizing Colombo district has to maintain and increase the production of metal from the quarries. It has lead to communityquarry site conflicts. In this situation corporate social responsibility is used to keep moving smooth of organisational performance of the quarry sites. The aim of this research is to find the best way to utilize corporate social responsibility for Colombo district quarries to get their organisational performance high. Using 40 quarry site managers, survey was conducted to find their organisational performance level and involvement level of five independent corporate social responsibility criteria: economic, legal, environmental, ethical and philanthropic. It has shown that the philanthropic criterion of corporate social responsibility has the highest significance for positive impact for organisational performance, while next is economic criterion of corporate social responsibility. The corporate social responsibility activities, which are based on other three criteria, have no impact on organisational performance of Colombo district quarries. Present practice of corporate social responsibility activities are highly philanthropic basis and very less on economic criteria basis compared to all other four criteria. Therefore quarry industry of Colombo district has to focus on corporate social responsibility economic criteria while continuing corporate social responsibility philanthropic criteria on first place. It is expected that this study will contribute to the knowledge area of corporate social responsibility initiatives in quarry industry of Colombo district, Sri Lanka.