Social Responsibility Accounting

Social Responsibility Accounting, part of Social Accounting, focuses on measuring and reporting how a company impacts society and the environment beyond just profits. It evaluates a company's contributions to social goals, such as reducing pollution, supporting community development, and promoting fair labor practices. This type of accounting provides stakeholders, including customers, investors, and employees, with insights into the company's ethical practices and overall social performance, encouraging transparency and accountability in business operations. Essentially, it helps organizations understand and communicate their role in creating positive social change.