Social Accounting is a broad term for a process that enables an organisation to systematically record those things it does that have an impact on society, to report that impact, and through counting them, improve their performance. Social accounts are in addition to the financial accounts and reports.
The purpose of this process is to maximise the positive impact on society by the organisation by improving its performance, together with its accountability, transparency, and sustainability.
Mercury has partnered with Social Audit Network Limited of the UK to provide greater focus in Australia on the benefits of social accounting and verification.
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