Social Audits

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Definition of 'Social Audits'

A social audit is a systematic evaluation of an organization's social and environmental performance. It is a way for organizations to measure their impact on society and the environment, and to identify areas where they can improve.

Social audits can be conducted by internal or external auditors, and they can cover a wide range of issues, including:

* Labor practices
* Human rights
* Environmental impact
* Community relations
* Corporate governance

The results of a social audit can be used to improve an organization's policies and practices, and to make it more transparent to its stakeholders. Social audits can also be used to hold organizations accountable for their social and environmental impacts.

There are a number of different standards that can be used to conduct a social audit. Some of the most common standards include:

* The Global Reporting Initiative (GRI)
* The International Standards Organization (ISO) 26000
* The Social Accountability International (SAI) 8000

The choice of standard will depend on the organization's size, industry, and specific needs.

Social audits can be a valuable tool for organizations that want to improve their social and environmental performance. They can help organizations to identify areas where they can make a positive impact, and to hold themselves accountable for their actions.

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