What is Social Accountability?

Social accountability is a broad term created as a business response to a host of operational factors affecting a company’s diverse stakeholders. These stakeholders include employees, the community, governmental and nongovernmental organizations, management, owners and stockholders.
These operational factors include working environment, employment compliance, safety, diversity, discrimination and equal rights, human rights, community responsibility, environmental concerns, product life cycle, legal issues and regulatory requirements. These factors may not be directly tied to the company’s manufacturing process but do create need for the company to assess compliance, conformance and risk affecting the company, it’s environment and it’s profitability.