Social Accounting

Social accounting is a way for organizations to measure and report their social and environmental impact in addition to their financial performance. It goes beyond traditional accounting by assessing how a company's activities affect society, such as its contributions to community well-being, environmental sustainability, and ethical practices. By providing a comprehensive view of both positive and negative effects, social accounting helps stakeholders—like investors, customers, and communities—understand an organization's overall value and responsibility to society, fostering transparency and accountability.