Social audit

Social audit,

Definition of Social audit:

  1. A social audit is a formal review of a company's endeavors, procedures, and code of conduct regarding social responsibility and the company's impact on society. A social audit is an assessment of how well the company is achieving its goals or benchmarks for social responsibility.

  2. Ideally, companies aim to strike a balance between profitability and social responsibility. A social audit is an internal examination of how a particular business is affecting society. The audit helps companies to determine if they're meeting their objectives, which may include measurable goals and benchmarks. A social audit serves as a way for a business to see if the actions being taken are being positively or negatively received and relates that information to the company’s overall public image.

  3. (Originally) an audit of social aspects of the operations of an institution or organization; (now chiefly) a formal assessment of a companys operations with respect to social issues such as working conditions or environmental impact.

  4. The process of evaluating a firms various operating procedures, code of conduct, and other factors to determine its effect on a society. The goal is to identify what, if any, actions of the firm have impacted the society in some way. A social audit may be initiated by a firm that is seeking to improve its cohesiveness or improve its image within the society. If the results are positive, they may be released to the public. For example, if a factory is believed to have a negative impact, the company may have a social audit conducted to identify actions that actually benefit the society.

How to use Social audit in a sentence?

  1. The were nervous because their company was undergoing a social audit and they felt they were being judged in all aspects.
  2. Ideally, companies aim to strike a balance between profitability and social responsibility.
  3. You need to do your best any time there will be a social audit so that you do not get a bad reputation in the community.
  4. A social audit is an assessment of how well the company is achieving its goals or benchmarks for social responsibility.
  5. A social audit is a formal review of a company's endeavors, procedures, and code of conduct regarding social responsibility and the company's impact on society. .
  6. After their factory was shown to have been involved in child labor, the clothing company decided to clean up their image by releasing the results of a social audit that showed their positive impact on society.

Meaning of Social audit & Social audit Definition