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1. Code of Conduct: The company’s code of conduct, which acts as a foundation for moral behavior and compliance, is essential to any social audit. The company’s basic beliefs, guiding principles, and expectations for stakeholders and workers are described in this document.
2. Corporate Governance: Social audits evaluate how well a company’s governance frameworks maintain moral principles and guarantee responsibility. This entails assessing how internal policies and guidelines are being implemented as well as the systems in place for handling ethical transgressions.
3. Social Togetherness: Analyzing a company’s interactions with its stakeholders, workers, and the community at large is a crucial component of social audits. This means evaluating things like diversity and inclusion programs, human rights policies, and compliance with labor regulations.
4. Sustainable and Ecological Behavior: A company’s dedication to resource management and environmental sustainability is also examined via social audits. This involves assessing initiatives to lessen their negative effects on the environment, encourage sustainable lifestyles, and abide by laws governing the environment.