ISO 26000 - Corporate Social Responsibility(CSR)
What is the ISO 26000?
ISO 26000 is an internationally accepted standard that provides guidance and demonstrates the principles and requirements for corporate social responsibilities. It is a structured framework to help organizations that need to know about the environment, social responsibility, organizational accountability, risks, and opportunities. It is focused to contribute the health and welfare of society at all types of organizations, regardless of size, type, and location. ISO 26000 was published on 1st November 2010, and recently was reviewed and confirmed in the year 2017.
Over more than 80 countries have approved ISO 26000:2010 as an international standard including the U.S, U.K, Canada, Italy, Japan, Germany, and France along with many developed countries. ISO 26000 provides guidance rather than requirements, so it cannot be certified, unlike some other ISO standards. Over 1000 companies and organizations across the globe use the same standard, including national brands like Coca-Cola and Starbucks.
Corporate Social Responsibility(CSR):
Corporate Social Responsibility(CSR) is a wide topic and it has become a major responsibility nowadays, as more pressure from the people for organizations to act in a socially responsible way and continually stick to social standards has exceptionally increased. The main objective of social responsibility is to contribute the society in a sustainable developmental way and it encourages organizational accountability and good corporate citizenship including the authorization of acceptable business practices which helps to sustain the depute balance of people, planet, and profit (3P). So every organization must think about its impacts on society and the environment to secure its long-term economic possibility.
The concept of social responsibility is defined as “ the responsibility of organizational impacts of its commitment and occupation on society and the environment through recognizable and social behavior that contributes the sustainable development including health and welfare of the society”.
Principles of ISO 26001- Corporate Social Responsibility :
ISO 26000 standard carries out seven core principles of socially responsible behavior are,
Accountability,
Transparency,
Ethical behavior,
Respect for stakeholder interests,
Respect for the rule of law,
Respect for the internal norms of behavior,
Respect for human rights.
ISO 26000 standard also identifies seven core subjects of social responsibility are as followed below,
Organizational governance,
Human rights,
Labor practices,
Environment responsibility,
Fair operating practices,
Consumer issues,
Community involvement and development.
Benefits of ISO 26001- Corporate Social Responsibility:
ISO 26000 standardized guidance for corporate social responsibility can come up with the following benefits are,
Enhance the awareness of social responsibility and organizational accountability in society and the environment.
Improve customer confidence and stakeholder satisfaction.
Help to organize business practices along with the principle of continuous improvement.
Develop external relationships with other companies, agencies, and the public.
Increase the organization’s economic profit and motivate employees.
Increase the internal operations that you can contribute to society.
Maintain the employee ethics, commitment, and productivity.
Achieve more reputation, greater trust, and creditability as a social responsibility organization.
By using this strategy to become a legal, cultural, or political environment.
Attain a more competitive advantage in the international market.
Maintain consistency with existing documents, internal audits, and conventions.
Achieve positive public consciousness with shareholders, owners, sponsors, and financial interests.
Assist the organizations to act in s socially responsible manner.
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