By establishing a Social Responsiblity Management System (SRMS) an organization assures and improves the implementation of its general business principles (as declared in the code of conduct) in order to contribute to sustainable development.
A matter of due diligence: With the Compass SRMS the organization manages a process of conscientiously and methodically assessing the actual and potential negative impacts of its activities. By including these impacts in an action plan the organization is able to minimize or avoid the risks of social and environmantal harm. By doing so the organization commits itself to both transparent and ethical behaviour that contributes to sustainable development, including health and the welfare of society. Such a social responsible organization takes into account the expectations of stakeholders, compliance with applicable law and consistency with international norms of behaviour, the operational integration throughout the organization and finally the practice in its relationships.
The international standard ISO 26000 is considered to be the most complete guidance on social responsibility and its 7 principles and 7 core subjects enable the organization to define its management system structure and measurables for performance improvement. Although the outcome will be a all encompassing self declaration (f.e. the annual sustainability report in GRI format), certifiable elements in the Compass SRMS may be ISO 9001, 14001, OSHAS 18002, SA8000 & BSCI. Also the ETI, Global Compact & OECD guideline based issues of social responsibility may provide contributing factors that are ideal for inclusion in the Compass SRMS.
The seven principles of SR are building blocks of the organization’s code of conduct: accountability, transparency, ethical behaviour, respect for stakeholder interests, respect for the rule of law, respect for international norms of behaviour and respect for human rights. In detail these principles may be translated into SMART performance indicators assuring the overall adherence to the organization’s code of conduct.
The seven core subjects of SR are organizational governance, human rights, labour practices, environment, fair operating practices, consumer issues and community involvement & development.
The advantage of the Compass AuditBuilder platform: Since all dedicated Compass assesment & audit applications store the performance data in one database, many of the SRMS measurables may be uploaded from operational assurance systems.
In the process of implementing SR in the complete value chain of the organization, the SRMS may become the central governance cockpit from where all related applications are generated for operational assurance & improvement cycles. Once completed, uploads of the findings assure an automatic status update of the SRMS for real time reporting to the executive board.