7 benefits of corporate social responsibility (CSR) audit.

Corporate social responsibility (CSR) is the business approach that contributes to sustainable development by delivering economic, social and environmental benefits for all stakeholders. Corporate social responsibility (CSR)  audit is a formal strategic process that helps the organization measure and evaluate organization actual social performance against social objectives it has set for itself and how the decision-making, mission statement, guiding principles and business conduct are aligned with social responsibility.

The corporate social responsibility (CSR) audit has got the following benefits

  • It enables the organization to determine whether¬† they are living up to the values that they advocate
  • It enables the organization to increase its profit by making production more efficient and reducing wastage
  • It enables the organization to ensure compliance with environmental regulations: it is an effective risk management tool for confirming compliance with environmental legislation and therefore assisting the organization to avoid the risk of prosecution and fines arising from potential environmental breaches
  • It enables the organization to highlight areas of inefficiency in various operations of business e.g when trying to reduce the level of pollution when they exceed statutory limits
  • It enables the organization to have the basis for making changes to existing environmental policies
  • It enables the organization to cultivate and enhance brand image and better public relations
  • It enables the organization to enhance its accountability to stakeholders

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