Social responsibility describes the duty of care that corporations, governments, charities and institutions all have to their stakeholders.
To keep the confidence of customers, employees, shareholders and a growing array of other organizational stakeholders, you need to establish a meaningful framework embedding responsible decision making into all of your activities.
The recent dramatic increase in the number of sustainability or Corporate Social Responsibility (CSR) reports reflects the growing need to demonstrate that you are doing business responsibly.
A strong social responsibility policy should exceed compliance with minimum legal requirements and drive real competitive advantage by demonstrating that your firm has the interests of society at the heart of its decision making.
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There are a growing number of initiatives, both public and private, that aim to demonstrate sound social accountability management of workforces. These often take the form of industry or retail codes of conduct, such as the Ethical Trading Initiative, World Responsible Apparel Production, Fair Labor Association and the International Council of Toy Industries. As such, they have specific environmental, hygiene and food safety elements.
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Related standards
Occupational Health and Safety Management Systems (OHSMS) such as BS OHSAS 18001, are enabling organizations to improve performance, reduce the costs arising from accidents and often reduce insurance costs too.
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The dominant emerging global standard for social accountability has been developed by an independent organization, Social Accountability International. SA 8000 provides a flexible framework for managing ethical workplace conditions throughout global supply chains.
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