Sustainable performance audits: Integrating environmental and social indicators

Abstract

Objective: Ascertain the principal advantages that organizations stand to gain from conducting sustainable performance assessments. Investigate the difficulties and limitations businesses face when trying to incorporate social and environmental indicators into auditing processes. Investigating the most efficient ways to carry out long-term performance audits in a variety of business settings. Sustainability audits have the potential to increase stakeholder and corporate awareness of the value of sustainability. Methodology: The study integrates social and environmental indicators using a descriptive analytical approach to identify sustainable performance audits. Among Iraqi organizations and companies that employ or plan to use sustainable auditing methods that take social and environmental aspects into account a basic random sample of one hundred individuals was selected. Conclusions: Improving adherence to social and environmental laws and regulations is one of the main possible advantages of using sustainable performance audits. Including environmental and social indicators was beset by major challenges chief among them being senior managements lack of commitment to and understanding of sustainability. Using the successful practices and experiences of top sustainability-focused companies was one of the most crucial implementation strategies and frameworks for sustainable performance audits.