AA1000 – one of the standards of corporate social responsibility (CSR), developed in 1999 by the Institute of Social and Ethical AccountAbility, integrating social and ethical issues into the strategic management of the organization and its activities.

The standard includes 5 main stages:

• Planning – the organization joins the process
• Definition of liability rules
• Conducting an audit and preparing a report
• Implementation – strengthening the process
• Interaction with stakeholders – groups related to the organization (customers, suppliers, etc.)

AA1000 can be used:

• For strategic analysis of companies and all organizations
• For external evaluation of the company in the field of social and ethical responsibility
• In the process of self-improvement of the organization

Benefits of adopting the standard:

• Improving the organization’s own activities
• Improvement of financial results
• Improving the long-term value of the organization for shareholders
• Meeting investors’ complex expectations for information
• The ability to acquire high-class employees
• Strengthening cooperation with stakeholders, allowing, among other things, to anticipate and counteract conflicts and to build trust in the organization.

Source: https://odpowiedzialnybiznes.pl/hasla-encyklopedii/aa1000/

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