Final answer:
CSR reports are prevalent in the business world and are used by various stakeholders to evaluate a company's ethical and social impact.
Step-by-step explanation:
Corporate Social Responsibility (CSR) reports are becoming increasingly prevalent in the business world.
Companies use CSR reports to showcase their commitment to ethical practices, environmental sustainability, and social responsibility. These reports provide transparent information about a company's impact on society and stakeholders.
Various stakeholders use CSR reports, including investors, customers, employees, and non-governmental organizations (NGOs). Investors may use these reports to evaluate a company's sustainability performance, while customers may consider them when making purchasing decisions. Employees may use CSR reports to learn about their company's values and the broader impact of their work. Additionally, NGOs can leverage CSR reports to hold companies accountable and advocate for positive change.