How can companies effectively measure their social responsibility efforts?

How can companies effectively measure their social responsibility efforts?

Companies can measure their social responsibility efforts through various metrics such as community impact, employee engagement, and sustainability practices.

What specific metrics should they focus on?

Key metrics include carbon footprint reduction, diversity and inclusion statistics, community investment, and employee volunteer hours.

Are there any tools or frameworks that can help with this?

Yes, tools like the Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB) provide frameworks for reporting.

How often should companies report on their social responsibility efforts?

It's recommended that companies report annually to maintain transparency and track progress over time.