Assessment of Social Responsibility Status

Every decision and action taken by an organisation has an economic, environmental, and societal impact. To build an ethical and transparent culture among stakeholders, every decision must consider their diverse expectations. Operational processes should also integrate environmental, social, and governance (ESG) considerations to align with the organisation’s social responsibility strategy.

Currently, multiple social responsibility codes of conduct, standards, and related sustainability frameworks help organisations to develop a robust value system and a principles-based approach to doing business across their supply chain. This includes initiatives from international institutions like the Global Reporting Initiative (GRI), International Labour Organization (ILO), Organization for Economic Co-operation and Development (OECD), and UN Global Compact.

TÜV SÜD identifies and reviews relevant business operations, covering key stakeholders across the value chain, while following a comprehensive and structured approach to social responsibility. We evaluate an organisation’s entire performance in critical areas by using a wide variety of indicators.

Organisations can use our assessment report to identify possible ethical and transparent systems, as well as adopt a suitable plan of action to advance health and wellbeing within the community.

TÜV SÜD’s voluntary assessment of social responsibility:

• Mirrors the current integration status of social responsibility strategies and policies within regular business practices.
• Follows internationally applicable standards and guidelines.
• Monitors the implementation of quality and content principles into the social responsibility implementation strategy process.
• Helps the organisation to understand the completeness level of material topics and the stakeholder engagement process.
• Allow the company to understand which steps should allow your organization to integrate integrate social responsibility Into company’s strategy.
• Supports large companies and SMEs as a voluntary assessment to build a proper system around Sustainability and ESG and to address upcoming requirements and material aspects derived by governments, market requests, need to improve the control in the value chain.

TÜV SÜD supports companies as a third-party, using independent personnel with the most suitable skills. The assessment methodology used was developed within the TÜV SÜD Group following international guidance and best practices.

Objectives and Benefits

• Minimise your organisation’s compliance risk - with an assessment against national and international standards/guidelines.
• Demonstrate your organisation’s level of social responsibility - through ethical and transparent behaviour, alongside local community involvement.
• Identify and implement good business practices - including employment conditions, labour practices, health and safety, and human rights.
• Demonstrate compliance safeguards - against the implications of supply chain regulations and standards, which are increasing.
• Enhance competitiveness and credibility - by implementing social responsibility practices that support an inclusive work culture.
• Establish and formalise the material topics and stakeholder engagement process - based on the social responsibility assessment results.