Scope and Coverage
- Applies to all registered cooperatives regardless of type or category.
- Mandates social audit as a standard procedure.
Key Definitions
- Auditor: Cooperative's internal auditor, audit committee, or designated social auditor.
- Management Social Performance Report: Report on achievements of the cooperative's social development plan.
- Social Audit: Evaluation of cooperative's social impact and ethical performance vis-à-vis its mission and goals.
- Social Audit Report: Certified document produced from social audit.
- Social Audit Working Document: Tool used during the audit.
- Social Development Plan and Budget: Annual social programs with approved budget.
- Social Development Programs: Activities aimed at achieving social goals.
- Social Goals: Desired social conditions guiding cooperative's objectives.
- Social Impact Assessment: Evaluation of positive and negative outcomes of social programs.
- Social Performance: Effective implementation of cooperative's social mission.
- Social Performance Assessment: Review of cooperative's social development plan and budget execution.
Objectives of the Guidelines
- Guide cooperatives in assessing social performance.
- Standardize tools and formats for social audit reports.
- Prescribe submission procedures and timelines to the CDA.
Key Areas in Social Performance Assessment
- Review of Vision, Mission, Core Values, and Social Goals.
- Evaluation of Policies and Guidelines on Social Development.
- Analysis of Social Development Programs targeting cooperative and community.
- Scrutiny of utilization of Community Development Fund.
- Use of Social Audit Working Document as assessment tool.
Social Audit Report
- Comprises a narrative report detailing observations and recommendations.
- Includes completed Social Audit Working Document as annex.
- To be attached to Cooperative Annual Progress Report (CAPR).
- Prepared by internal or designated social auditors, signed by Chairperson and General Manager.
- Must be typewritten or printed in prescribed format.
Management Social Performance Report
- Annual report on social development accomplishments, prepared by management.
- Serves as a reference for auditors but retained within cooperative.
Repealing Clause
- Repeals Memorandum Circular No. 2013-16.
Effectivity and Compliance
- Takes effect upon CDA Board approval and fifteen days post-publication with ONAR.
- Cooperatives to adopt revised forms starting submission for 2018's social performance in 2019 onward.
Legal Authority
- Approved by CDA Board Resolution No. 049-2018 dated February 20, 2018, and signed by CDA Chairperson Orlando R. Ravanera.