The central premise in conducting business now lies within a ‘shared value’. The challenge for business enterprises is to create value for stakeholders while benefiting society as a whole, creating a win-win proposition. Business leaders and key decision makers are increasingly engaged on this front and strive to gain the goodwill and acceptance of society within the communities in which they operate.
Organisations seeking to approach CSR in a structured and reliable manner can benefit greatly from the ISO 26000 guidelines for social responsibility. TÜV SÜD, with a tailor-made assessment tool, can measure a programme’s performance and identify improvements and risks linked to an organisation’s business strategy.
The assessment is normally structured in tailor-made steps of verification. The output of this verification process can be made available both internally within the company and publicly. The organisation may also choose to define a boundary for assessment in relation to the core issues of the standard, focusing on the one most crucial to the company itself and their business practices.
The core subjects identified in ISO 26000 are related to different areas and are closely tied to the governance strategy of the organisation:
- Human Rights
- Labour Practices
- Operating Practices
- Community and Development
Following the standard in ISO 26000 allows the company to commit to a long-term goal. The company will have an internationally standardised framework to base their social responsibility activities on. Upon the internalisation of the requirements needed, the organisation will be able to reduce operational and reputation risks and work towards a sustainable future. ISO 26000 is important as it allows decision makers to understand what is relevant for stakeholders.
TÜV SÜD’s stable of international experts are well-equipped to provide tailor-made assessment solutions on the topic of CSR based on international standards such as ISO 26000. The assessment process will help the organisation gain insights from an external party. The impartiality and expert point of view offered will help shape the strategy and consistency of the CSR programme. It will also help identify risks linked to specific areas such as supply chain management, which has ties to human rights protection.