Question

Question: Which international standard has recently been developed to address the socially responsible behavior of firms?

Short answer

Answer

ISO 26000 is an international standard that provides optional socially responsible guidelines to any organization, based on form, structure, as well as location.

Step-by-step solution

ISO 26000

It offers direction to individuals who know that societal, as well as environmental stewardship is a critical success component. In addition to being the appropriate thing to do, implementing ISO 26000 is increasingly seen as a means of evaluating a firm's dedication to sustainability as well as total success.

It is meant to inspire businesses to go further than compliance with the statute, realizing that statutory adherence is a basic obligation of every firm as well as an important component of their corporate responsibility.

International standard that has recently been developed to address socially responsible behavior of firms is ISO 26000

ISO 26000 is described as a global standard designed to assist firms in successfully assessing as well as addressing social obligations related to their purpose and values; activities as well as procedures; clients, workers, neighborhoods, as well as other participants; including environmental consequences.

ISO 26000 is used by organizations in the private, governmental, as well as charity industries, whether big as well as little, as well as whether located in industrialized as well as emerging countries. New ISO standards are being created on a constant schedule.

ISO 26000, which provides guidelines for socially responsible behaviour, was recently accepted. The guideline encourages organizations to consult with appropriate parties about socially responsible concerns as well as potential measures. Although not a rigid "standard," the statement contends that social responsibility is a duty for both state as well as private-sector entities.