AUDIT-Chapter 1 Flashcards
What are the 3 pillar models?
Social, Environmental, Economic
What are the 3 pillar models?
Social, Environmental, Economic
This reflect an organization’s impact on people and social issues, which include health, skills, and motivation on the people side, and human relationships and partnerships on the social side
Social Performance
This relates to the natural resources consumed in delivering products and services
Environmental Performance
This continues to include financial performance but will increasingly reflect an organization’s wider impact on the economy
Economic Performance
This terms reflects the view that managing environmental and social topics is a governance issue for organizations
ESG