What is Accountability?
Accountability in a business context refers to the principle that individuals and organisations are responsible for their actions and decisions and must be able to account for them to stakeholders. It involves transparency, ethical behaviour, and a commitment to reporting and explaining outcomes.
Related terms
Deforestation Legislation
Deforestation Legislation encompasses the body of laws enacted by governments to control, limit, or entirely prevent deforestation globally.
Chain of Custody
Chain of Custody (CoC) refers to the process of documenting and verifying the sequence of custody and control over materials and products within a supply chain.
Accountability
Accountability ensures that companies can verify the integrity of their supply chains, uphold compliance with environmental and social standards, and respond to any discrepancies or issues with honesty and corrective action.