How can companies measure the effectiveness of the CSR activities?

Question

Quizplus · Accepted Answer

Social audit is the best choice for measuring the effectiveness of CSR activities. It is a systematic evaluation of an organization's social, environmental, and ethical performance. It provides valuable insights into the impact of CSR activities on society and helps in identifying areas of improvement. Retail audit, financial audit, and marketing audit mainly focus on the financial aspects of the business and do not provide a comprehensive analysis of CSR activities. Social audit measures the effectiveness of the CSR activities.

How Can Companies Measure the Effectiveness of the CSR Activities