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Corporate Social Reporting Audit is an assessment of the social and environmental performance of a company. It allows companies to measure their progress on a number of key factors, including human rights, diversity, climate change, and more.

The audit should cover all areas of the organization’s social impact: from its core business to its supply chain and beyond. The results will help identify how well your company is doing in terms of:

The importance of lies in the fact that it provides an independent evaluation of organization’s performance and also helps in improving the overall quality of your activities. It also helps in determining whether or not your operation is complying with local laws, regulations and standards. A Corporate Social Reporting Audit can be performed by an internal auditor or by an external auditor who is independent of your organization.

A Corporate Social Reporting Audit is usually conducted by a team consisting of representatives from various departments within your organization such as finance, human resources, operations etc.

At wire consultancy, we have the expertise and experience to provide Corporate Social Reporting Audit for virtually any type of business. We take a comprehensive approach, working closely with our clients to tailor the audit to their needs and goals. We know that no two businesses are exactly alike, so we work closely with each client from start to finish, ensuring that their audit includes the necessary elements to achieve maximum results.

The benchmarking and performance measure in a Corporate Social Reporting Audit of organization shall be particularly defined by various industry specific codes of conduct such as mentioned here:

  1. The amfori BSCI Code of Conduct: This code of conduct draws on important international labour standards protecting workers’ rights such as International Labour Organization (ILO) conventions and declarations, the United Nations (UN) Guiding Principles on Business and Human Rights as well as guidelines for multinational enterprises of the Organization for Economic Co-operation and Development (OECD).
  2. Initiative for Compliance and Sustainability: ICS is an international sectorial initiative with the aim to enhance working conditions along global supply chains of its member retailers and brands. It is composed of 47 multinational retailers and brands in the sectors of textile, retail, footwear, electronics and furniture.
  3. Sedex Members Ethical Trade Audit: SMETA is an audit methodology, providing a compilation of best practice ethical audit techniques. It is designed to help auditors conduct high quality audits that encompass all aspects of responsible business practice, covering the aspects of Labour, Health and Safety, Environment and Business Ethics.
  4. Other codes of conduct such as ISO 26000(Social Responsibility)Worldwide Responsible Accredited Production (WRAP), etc.

For detailed understanding of these criteria for performance measurement and benchmarking based on various factors, you may reach WIRE Consultancy helpdesk. Our experts are available to provide support for your service-related queries and other relevant information.

 

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