Non-Financial Reporting Practices in The Chilean Healthcare Sector

Healthcare organizations from all over the world have recently developed a culture of sustainability by integrating social, environmental and economic concerns into their values, strategy and decision making process. Social responsibility and social responsiveness in the healthcare sector imply a new social dimension of care as well as new organizational patterns. Being a sustainable healthcare organization is more and more frequently communicated by issuing non-financial reports, containing information about social responsibility related activities. The aim of the paper is to examine the nonfinancial reporting practices among healthcare organizations in Chile. The aim was achieved through studying the GRI Sustainability Disclosure Database where non-financial reports are published and performing their content analysis. The key findings are the following: (1) non-financial reporting practices in the Chilean healthcare sector are not widespread, (2) all Chilean healthcare organizations chose to follow international reporting standards - Global Reporting Initiative (GRI) guidelines, and more specifically GRI G.3, GRI G3.1, GRI G4 and GRI Standards, (3) the majority of CSR disclosure categories are included in their non-financial reports, while the information regarding financial data on CSR, measurement of CSR and value created EC-1 are in most cases missing.