Managing Sustainability or Social Responsibility within the organization
The Canadian Institute of Chartered Accountants (CICA) has published a series of papers with guidance for directors on a variety of topics. Typically, they suggest 20 questions that directors can ask. I find that their content is valuable to management and others (such as auditors) in understanding the key issues in the areas.
Rather than 20 questions, a new paper on Sustainability from the CICA has 23 questions.
Whether you believe that Sustainability or Social Responsibility (CSR) should be a priority or not, the questions work for me. They start in the right place – with identifying which aspects of CSR apply and are significant to the organization. The questions continue through risk assessment, reporting, and governance.
The only question I can think to add is how assurance is being obtained that external reporting (in particular) on CSR is complete and accurate. That might be a role that internal audit can play.
I have questions for you:
- How important should Sustainability be in driving the actions of corporations?
- Should this be a factor in assessing the performance of the CEO and other top executives? If so, what are the metrics?
- Do you like these 23 questions (24 with my addition)?
I welcome your comments.