Social audit

economic-dictionary

The social audit is the evaluation carried out in companies or institutions of all
type regarding the effect of their actions or social or ethical projects on their
operation and economic sustainability.

Often the social audit is a mechanism to take stock that commercial companies or many public organizations put in place about their social action within their global action map.

In recent decades, corporate institutions around the world have developed a greater interest in accompanying their main economic activity with other objectives with a greater ethical and solidarity character.

In other words, the social impact of a company or a government on social dialogue and its contribution to improving living conditions in a given territory is measured.

Corporate social responsibility

The result of this was the birth of concepts such as corporate social responsibility.

This trend functions as a spearhead for the ethical operation of companies and governments in an increasingly globalized world that is aware of solidarity causes and the protection of the environment and the circular economy.

That said, common causes such as eco-sustainability are included in other modalities such as environmental auditing.

The results obtained must be a public and transparent presentation that shows a faithful and committed image of the company that evaluates itself in the face of society or other institutions.

Characteristics of the social audit

This type of audit has some peculiarities that differentiate it from other forms of auditing that are closer to the traditional analysis of companies:

  • It evaluates the achievement of the company's objectives to a series of conditions related to different solidarity or social causes marked by the statutes of the organization itself.
  • In addition to the goals set in advance, good practice and the processes undertaken to achieve them are also examined. That is, it is tested that the activity is developed at all times according to ethical organizational behavior.
  • Its basic principle establishes that all corporate action must be governed by the basis that profitability and responsibility must be compatible terms.
  • The result of your final report should present some results. These must define whether the social action undertaken by the company is effective or not.
  • It usually includes a series of measures or initiatives in the future with the aim of improving the results and the effect of the organization in those actions in which it participates in solidarity.

The social audit in recent years

This type of audit has reached great importance and presence in all types of organizations globally. In fact, it has even become a tool for citizens with which to measure their institutions.

Alternatively, there are many other ethical commitments such as the professional inclusion of cultural or ethnic minorities, as well as the empowerment of women in the labor market and in the social, political and economic sphere.

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