The International Organization for Standardization, the organization resposible for establishing a series of standards which gover how we operate as a business organization has released a new addition to its growing list (18500 so far). In November 2010 they released ISO 26000 covering the area of Social Responsibility, While voluntary in nature, may countries have signed on to agree to its tenants.
ISO 26000 demonstrates that social responsibility can have a direct positive impact on both the organization operations and more important to the bottom line. It is described as a multi-faceted approach that should be integrated into how we conduct business. It establishes a proactive midset that crosses across planning, execution and stakeholder interaction. It calls for applying the lens of social responsibility across the organization based on seven principles of the standard.
Seven Principles of Social Responsibility
ISO 26000 sees social responsibility from the point of view of seve distinct interdepedent principles:
- Accoutability to those affected by our corporate decisios
- Complete transparecy of our policies, decisions and activitites
- The organization is based on ethical thinkig across the board withinthe organization
- Respect for the iterests of all the stakeholders from employees to our cliets and partners
- Respect for the rule of law
- Respect for the iternational orms of Behavior
Respect for huma rights both within the organizations we serve and our own house.
In return we feel the benefit for Daniel Bloom and Associates, Inc. will be in the areas of:
- Better decision makig, kowledge of risks, and risk management
- Enhancement of public trust and strog organizational reputations in the marketplace
- The development of positive stakeholder relationships
- Introduction of innovation through exposure to new perspectives and contact with a diverse range of stakeholders
- Increased employee safety, loyalty and morale
- Enhanced recruitment and retetio efforts for additional staff
- Bottom-line savings due to icreased efficiency of resource utilizatio, decreased waste ad reuse of valuable by-products
- Reliability and fairess of transactions, fair trade and the absece of corruption
- Enhanced long term viability of the orgaizatio through sustainable atural resources and environmental services
- Add our voice to the public good, civil society and institutions
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