The present study promotes arguments forreporting improvement to support stakeholders’ confidence and proposes possiblepolicies and strategies for social and environmental reporting, resulting fromEuropean companies’ activity. We examined the information disclosed in annualreports and corporate social responsibility reports from a sample of thecompanies listed on the Euronext Stock Exchange over a three-year period. Thepurpose of the research is to support the idea that the quality of social andenvironmental information provided by companies is increasing as time passesand in relation to the present economic conditions. We conducted an exploratorystudy whose results are analysed and discussed in terms of financial andeconomic evolution within the present world crisis. They give us thepossibility to design a new facet of the overall framework for reporting socialand environmental information by combining theoretical requirements of theGlobal Reporting Initiative (GRI) standards with their implementation in thereporting practice of European companies.