Corporate Sustainability Certification: Governance

Today's organisations understand the importance of governance practices in demonstrating the values of the organisation and its progress against policies and sustainability objectives to both internal and external stakeholders.

The Corporate Sustainability Governance standard challenges organisations to ensure their business practice adhere to policy requirements across all functions, create diversity in its workforce, and align activities with sustainability objectives, while engaging in open and transparent communication with all stakeholders. This holistic approach to governance and sustainability will help establish the organisation’s leadership position in the industry while demonstrating Embedding Accountability Across your Organisation.

The standard is divided into nine main sections; Management Systems, Board Independence and Oversight, Stakeholder Engagement, Strategy and Executive Alignment, Brand Reputation, Philanthropy, Corporate Controls, Fair Competition, Lobbying and Political Contributions.

 
Evaluates basic management systems in place within the organisation, such as policies and procedures, leadership, risk assessment, failure analysis, corrective and preventive action, continuous improvement and supply chain development.
Evaluates the Board of Directors' practices in support of sustainability policies including accountability, diversity, inclusion and oversight.
Evaluates how the organisation ensures there is open two-way communication with external stakeholders.
Evaluates how the corporate strategy is aligned across the organisation’s policies and evaluates processes for leadership engagement, including communications with internal stakeholders.
Evaluates the effectiveness of the organisation’s communication strategies and policies related to traditional and social media.
Evaluates the organisation’s planning for and involvement in philanthropic activities.
Evaluates how the organisation ensures control of expenditures including authorities for approval.
Evaluates how the organisation ensures it and its supply chain partners engage in fair competition.
Evaluates oversight process for lobbying and political contributions, ensuring alignment with the organisation’s culture.
 

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