A Benefit Enjoyed by Companies That Recognize Issues of Social

question 121

True/False

A benefit enjoyed by companies that recognize issues of social importance and address is the ability to attract and retain talented employees.

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Definitions:

Global Reporting Initiative

An international independent organization that helps businesses, governments, and other organizations understand and communicate their impacts on issues such as climate change, human rights, and corruption.

Balanced Scorecard

A strategic planning and management system used by organizations to communicate what they are trying to accomplish, align day-to-day work with strategy, prioritize projects, and measure and monitor progress towards strategic targets.

OCEG Benchmarking

A process used by organizations to compare their GRC (governance, risk management, and compliance) processes and performance with others in the industry, facilitated by the OCEG (Open Compliance and Ethics Group).

Ethics Audit

A systematic evaluation of an organization’s ethical practices and policies, aimed at identifying strengths and areas for improvement.