Corporate Social and Environmental ReportingCompanies have presented investigations into their motivation towards voluntary social and environmental actions as they are insolvent. This article argues, in agreement with Adam's point of view, that the objective of CSR reporting is to promote the credibility and corporate image of stakeholders operating in a particular sector. While companies should focus their efforts on increasing profitability, they should also ensure that the well-being of other stakeholders is protected. The prior literature offers a revelation on various competing theories based on why companies engage in voluntary reporting and engage in corporate social responsibility. The main perspectives considered that fall within the scope include responsibility and image promotion. Many studies contain consequential evidence regarding accountability to shareholders, making it difficult for organizations to distinguish relevance from accountability based on ongoing practice. The absence of real legitimacy crises makes it difficult to identify voluntary reporting as a proactive measure to prevent future crises and reporting based on stakeholder demand for accountability (Bebbington, Larringa-Gonzalez & Moneva, 2008). Retrospective approaches typically deal with reactive forms of legitimacy in which companies face related crises and do not consider companies as ongoing efforts in reporting CSR performance and lack of established crises. The concept explores the underlying motivations for CSR reporting with cautious reference to companies' commitment. Engagement-based CSR efforts draw conclusions from surveys and interviews and offer valuable insights into internal structures as well as journalists' views (Adams, 2002). In this context, the main objectives for companies are the achievement of the ability to balance conflicts and requests from corporate stakeholders. In conclusion, the theories and practices in CSR reporting are multifaceted while the systems perspectives embodied in the hypotheses are recognized through the dynamics of political economy. Research on corporate social disclosure uses legitimacy lenses and questions the feasibility and ethical nature of the process. Criticism is the result of applying CSR principles through the assumption that organizations perceive threats to their legitimate status. In developing and expanding the scope of CSR and disclosure expectations, companies introduce comprehensive forms of corporate social reporting. In this case, voluntary corporate social reporting issues are exercised as responses of responsibility towards stakeholders and part of a legitimation process.