Asked by Umair Malik on Sep 28, 2024

While social reports often discuss issues related to a firm's performance in the four dimensions of social responsibility, as well as to specific social responsibility and ethical issues, ethics audits have a narrower focus on assessing and reporting on a firm's performance in terms of

A) ethical and legal conduct.
B) environmental performance.
C) financial performance.
D) customer satisfaction.
E) ethical misconduct.

Social Reports

Documents prepared by organizations to report on their social and environmental impacts and performance over a specific period.

Social Responsibility

The obligation of individuals, organizations, and businesses to act in a way that benefits society at large, often associated with ethical and sustainable practices.

Ethics Audits

A systematic evaluation of an organization's ethics programs and practices to ensure they are effective and align with business goals.

  • Distinguish between the focus areas of ethics audits and social reports.