AA1000 Accountability Principles Standard 2008/2018
Concerns from and for customers, workforce, shareholders, communities, and governments have increased the demand for transparent and socially-responsible practices and initiatives within organizations. Companies failing to consider their impact on the planet and their people will fall behind their competition as it becomes the standard and, increasingly, a requirement to do business.
Suppliers, customers, stakeholders, and markets are now scoring Corporate Social Responsibility (CSR) performance, and they are looking for specific information and assurance of corporate performance. This trend has seen higher visibility as large brands and stock markets have begun using CSR as an additional basis for contracts and corporate ratings.
“AA1000 Series of Standards are principles-based Standards and Frameworks used by a broad spectrum of organizations – global businesses, private enterprises, governments and civil societies – to demonstrate leadership and performance in accountability, responsibility, and sustainability,” explains AccountAbility, creator of the AA1000 standard series.
The intent of the AA1000 Standard is to assure that Sustainability is built into an organization’s management system, and to validate the CSR data being reported. As the leading standard in Sustainability/CSR assurance, it is based on four principles:
- The Foundation Principle of Inclusivity
- The Principle of Materiality
- The Principle of Responsiveness
- The Principle of Impact (new for 2018)
Having guided organizations’ approaches to social equality, healthy ecosystems, and good organizational governance for over two decades, AA1000 is the trusted standard for CSR assurance.
Achieving AA1000 Assurance
SRI can help you achieve assurance against AA1000. Clients with certified management systems can integrate the requirements into their existing system and certification timetables. The amount of time and full scope of the reporting assessment will depend on breadth of the reporting, and size of the organization, very much like traditional standards. SRI can do much of the assessment off-site though, helping clients save time and expense.
Regular review and continual improvement to an organization’s corporate social responsibility program will result in an organization’s ability to:
- Design and implement a social responsibility strategy that drives better business decisions
- Adapt more easily to changing legal, political, and cultural conditions
- Manage through measurement your organization’s impact on people and the environment
- Better engage with interested parties
- Win stakeholders and customers through trust and credibility
Interested in achieving CSR assurance for your business? Click here for contact information.