Eternity Law International News SA8000 Standard

SA8000 Standard

Published:
August 12, 2020

SA8000 standard is intended for development, realization and use at enterprises of any direction of activity and any form of social responsibility management systems. It is a method of influence of business on society through its transparent and ethical activities, work within the framework of national and international legislation, justifying consumers’ expectations and other related parties.

Reasons for the emergence of the SA 8000 standard

People today are more demanding than ever. At the beginning of the 60s of the last century, mass consumerism was inherent. In the late 70s, buyers began to demand that the goods they purchased correspond to the established quality. In the 80s, they wanted the goods to be environmentally friendly. In late 90s, it became mandatory social charge of fabricators. Clients are concerned with not only price, quality and convenience, but with workers’ rights and environment in which they work. However, this concerns not only people, but also investors and governments. They have many questions like “Whether the workers who collected these bananas were exposed to harmful pesticides?”, “Does the company that made this shoe adhere to a specific code of conduct?”, etc.

Research shows a large percentage of consumers and investors around the world, pay close attention to social aspects and the work environment evaluating company productivity. In order to meet the ever-increasing demands on the social and work spheres, enterprises need a systematic approach using which enterprise policies and work and social ethics do not contradict each other.

SA8000 standard contains the following requests:

  • employers must not hire children under 15;
  • necessary measures to ensure workers safety;
  • workers should have the freedom to negotiate with employers;
  • racial and any other discrimination is prohibited;
  • employers should not use disciplinary action;
  • workers must receive at least the minimum wage established by state, and many others.

Positive sides of implementing a social responsibility system

Realizing this approach, a firm gains a number of benefits. First, SA8000 standard is a significant betterment in moral and psychological climate in the team and an increase in personnel interest and involvement. An enterprise may demonstrate social charge of firm’s management, thereby enhancing the company’s image, and ensuring compliance with legislative requests in social sphere.

Through managing the risks arising in the social sphere, the organization significantly reduces the costs of paying fines. The obvious economic benefits will be attracting investment in socially oriented business and gaining a competitive advantage in government tenders and orders.

In addition to obtaining international certification, you can also view offers in categories  ready-made companies and licenses for sale.

You could be interested

Registration of the company in Dubai

Today, many businessmen prefer to register their new company in Dubai. In this article we want to describe what the process of opening a new business in Dubai is. Dubai gives the broadest prospects for business activities and its organization, both within the United Arab Emirates and at the global level. The local government here is very...

How to start a cryptocurrency company in Portugal

As specified in the findings of Ernst Young’s (EY) latest survey on foreign direct investment destinations, Portugal is included in the top ten countries in the EU. This survey showed that 50% of the investors think Portugal will achieve more investment attractiveness in 3 coming years and 37% of the investors are seeking to broaden...

Fintech Business in Latvia

The permit, which is issued by the Capital Market Control Commission, allows an entrepreneur to develop his/her own Fintech business in Latvia. This is the official right to occupy a fairly profitable niche and provide services of this category in any of the EU member states. Latvian license is a sign of guaranteed professionalism and...

Crypto license in Denmark

Crypto-business in Denmark enjoys a favorably-developed environment as there’re plenty of cryptocurrency exchanges and there aren’t restrictions on exchange and vending of virtual funds. Nevertheless, national legislative basis doesn’t provide specific rules to control this market-niche. Danish authorities allow usage of Bitcoin and other crypto-currencies as payment means, assets or goods, although crypto-currencies aren’t not...

What is a utility token?

Below, we will try to find out what is a utility token? It’s a specific kind of token helping in capitalization or financing of projects for new businesses, companies or groups of project creators. The UL token, which is called a service token, is used as a guarantee of taking part in large sales to...

How to set up a SICAV fund in Luxembourg

There are a few options for how businesspersons-nonresidents may open an investment fund (IF) in Luxembοurg. An alternative investment vehicle is most suitable for private investors looking to create their funds in the country. It has two types: SICΑV and SICΑF. The following is a brief explanation of how to set up a SICAV fund...

Related posts

Gambling License: Do I Really Need It?

Why get a gambling license? If you are asking yourself this question, then most likely you want your entity to give virtual asset offerings and do so licitly and transparently. That’s why the answer is obviously yes. This permit gives your organization more opportunities and helps gain recognition and trust. This article will make you...

How to Get a Gambling License in 2025

Perhaps, you’re overwhelmed with the idea to launch your own online casino. You are naturally trying to find out as many details about it as possible and type queries “how to start online casino 2025” or more specific, namely, “how to get a gambling license in 2025.” The latter turns out to be a more...

Payment Institution license in Cyprus

In the fast-developing world of fintech-driven nowaday, getting a PI license in Cyprus is not just a good decision — it is the web-based doorway into the immense EU monetary scheme. Composing very tough regulation, tax perks, and easy access to the rest of Europe thanks to Cyprus being an EU member… No wonder more...

BVI Fund Formation for Global Investors: Legal and Strategic Insights

One of the first pillars to establish in the world of global finance is where to incorporate investment vehicles, and the British Virgin Islands (BVI) is one of the most popular places to do this. The attraction of a BVI investment fund lies both in the territory’s tax neutrality and in its loyal judicial form,...

Georgia: Emerging Crypto Hub in Eurasia

Georgia is a state that can boast its strategic whereabouts, plentiful cultural values, and continuous reforms for economic improvement. For example, organization of bureaucratic procedures, diminishing of corruption, and improving the general running of an enterprise. The nation has made a lot of considerable efforts to facilitate a business atmosphere. Such alterations have made the...

ISO 14020 Environmental Standard

As a result of dissemination of environmental claims, if such claims are made, there is a need for eco-labeling acts that require approval of all relevant aspects of products life. Manufacturers or anyone who wants to benefit from these claims can make environmental self-declarations. Environmental claim may be presented in the form of wordings, symbols...
Fill the blank: