A Dissertation Submitted in Partial Fulfillment of the Requirements for Award of
Degree of Master of Science in Accounting and Finance (MSc. A & F) of Mzumbe
University.
The general objective of the study was to establish the current CSR reporting practices
in the Tanzanian banking sector. Specific objectives were: to examine the corporate
social responsibility practices in the banking sector, to examine the current corporate
social responsibility reporting status, and to identify the factors pertaining to nonreporting
of
CSR
practices.
This study employed both qualitative and quantitative research methods. In this research
a case study design was applied. This is the case study of banking sector. The study
conducted in Dar es Salaam focusing on town banks; CRDB and NMB. The population
of the study was made up of public from Dar es Salaam. The sampling techniques
employed in this study involved purposive sampling and stratified sampling procedures.
A sample of 150 of respondents was selected for this study. The study used the primary
and secondary data. Data collection tools were questionnaire, interview and
documentation. The data were managed as soft copies in the computer. The Statistical
Package for Social Science (SPSS) was applied to analyze data.
The findings show that the banks have corporate social responsibilities practises as per
their CSR policies whereby both banks have 1% from their profits to finance social
activities. Current CSR reporting status is low and shallow. Though banks reports CSR
activities, they don’t have remarkable CSR reporting status in their annual reports. There
are a number of CSR non-reporting factors which include; lack of resources, the profit
imperative, lack of legal requirements, lack of awareness and knowledge, and poor
performance and fear of bad publicity.
The study has recommended the improvement of CSR reporting as well as awareness
creation of importance of CSR reporting to their stakeholders including employees.
The researcher really hopes that output from this study shall be of practical use to NMB
and CRBD bank.