Beyond warm glow: The risk - mitigating effect of corporate socialresponsibility in firmsBy: Yam Yenn Fay (s3966808) Table of contentsExecutive Summary The importance of sustainability topics is on the rise with greenhouse gases and carbonemissions from green companies . T he re is an evergreen request to protect our environment andpreserve natural resources , protect ing planets ability to sustain life. S ustainability disclosures aresignificant to understand business registra tion and financial condition s , it was expressed during 2016concept release which the SEC compute an idea statement asking for feedback on regulation S-Ksdisclosure requirements. To kickstart the relevance of legitimation strategy for ethical and socially accepted sustainability, I willbe discussing about unregulated corporate reporting practices and system-oriented theor y . Resultson the firms valuation on the social and environmental practices business adopt aims to increasesales profit and revenue. C orporate legitimation strategy is important when regulating corporatereports . Legitimation happens when compan ies operat e within the bounds and normsof current societ y as capital cost changes. Normative Accounting theory- I nformation are acceptableand normative to a group or audience. Corporate Social Responsibility (C SR ) is a n environmentalreporting on benevolence or warm glow regarding customers perspectives towardsproduct