180 Int. J. Decision Sciences, Risk and Management, Vol. 5, No. 2, 2013 Copyright © 2013 Inderscience Enterprises Ltd. Application of the Global Reporting Initiative Sustainability Reporting Framework in Greece Olga Myrgioti, Giannis T. Tsoulfas* and Nikos P. Rachaniotis School of Social Sciences, Hellenic Open University, 57-59 Bouboulinas St., 26222, Patras, Greece E-mail: myr.olga@yahoo.gr E-mail: tsoulfas@unipi.gr E-mail: nickrah@hotmail.com *Corresponding author Abstract: The purpose of this paper is to study corporate social responsibility reporting in Greece. Several aspects of corporate social responsibility and reporting are discussed with a particular focus on the Global Reporting Initiative Sustainability Reporting Framework. Its state, trends and evolution are outlined and the country reporting index as well as the region reporting index are introduced. The case of Greek companies and the diffusion of the aforementioned reporting framework in Greece are examined. In addition, corporate social responsibility reports issued by 35 Greek companies in 2011 are analysed with respect to the performance indicators used. Keywords: sustainability; corporate social responsibility; CSR; reporting; Global Reporting Initiative; GRI; performance indicators; Greece. Reference to this paper should be made as follows: Myrgioti, O., Tsoulfas, G.T. and Rachaniotis, N.P. (2013) ‘Application of the Global Reporting Initiative Sustainability Reporting Framework in Greece’, Int. J. Decision Sciences, Risk and Management, Vol. 5, No. 2, pp.180–211. Biographical notes: Olga Myrgioti holds an MBA degree from the Hellenic Open University and a degree in Economic Sciences from the University of Mecedonia, Greece. For several years, she has worked in the University of Thessaly, Greece, as a Study Coordinator in clinical trials at the University General Hospital of Larissa, Greece. Giannis T. Tsoulfas is a Scientific Associate at the Presidency of the Hellenic Republic and Tutor at the Master in Business Administration Programme in the Hellenic Open University. He holds a Dipl-Ing in Mechanical Engineering from the University of Patras, Greece and a PhD in Industrial Management and Technology from the University of Piraeus, Greece. In the past, he has worked as a Consultant Engineer in various engineering companies. His published work has appeared in several international journals and edited books. Nikos P. Rachaniotis is an Assistant Professor of Operations Management in College of Business, Zayed University, UAE. He received his Bachelor in Mathematics and his MSc in Statistics and Operational Research from the National and Kapodistrian University of Athens, Greece, and his PhD in Operational Research from the University of Piraeus, Greece. He has published in several international journals and collective volumes.