Disclosure indices developed in various studies have used disclosed data and a dichotomous process.
Developed countries used these CSR indices for different objectives, such as measuring the CSR performance, providing transparency between stakeholders and companies and for analysing research studies.
Popular CSR ratings are the KLD index, the CSR index, the AA1000 and the Dow Jones Sustainability Index.
The present study developed a CSR index because existing indices cannot be adopted to Sri Lankan comanies because their formal CSR practices have not been implemented in this country.