Companies rarely start their corporate responsibility work from scratch. However, it may be that human resources management, environmental work or collaboration with partners are not yet handled under the topic of corporate responsibility. Companies should begin their corporate responsibility work by reviewing their current status, either themselves or with the help of an external consultant. Then, a corporate responsibility programme and work plan can be drafted, along with objectives and timetables.
Principles guiding corporate responsibility are important statements of intent and pledges of what companies plan to do in key questions of corporate responsibility in the short term. Before the company can select appropriate indicators to monitor its actions, the following should be drafted:
A stakeholder analysis that strives to identify the expectation of the company’s key stakeholders, what can and should be done for their benefit and what can be done with them
A risk analysis that identifies the most likely and most severe reputational risks
A SWOT analysis to evaluate the strengths, weaknesses, opportunities and threats associated with corporate responsibility
After this, the indicators of responsible management can be selected.These indicators will be reviewed by the Textile Cluster of its member companies, on the basis of which, depending on the degree of fulfillment of the principles of social responsibility, the companies will obtain an appropriate quality certificate TRUSTED BALKAN APPAREL.