• Coop Philippines Marque Launched at 14th Summit

    DAVAO CITY – To establish the co-op brand and identity in the country, the Co-op Sector launched at the 14th National Cooperative Summit the Co-op Marque Philippines.   This is in line with International Cooperative Alliance thrust for “Vision 2020”, Read More
  • Dr. Luis Carrillo: Bigay Pugay Awardee 2018

    Dr. Luis Carrillo sought wisdom from the written divine revelation, fascinated with numbers, and believed cooperation is the key to attain better quality of life for humanity.    He obtained a Diploma in Pastoral Theology from International Grace Bible Institute Read More
  • ICA Backs Zero Tolerance for Harassment & Discrimination

    BUENOS AIRES – The cooperative movement has approved a formal commitment towards the promotion of a decent working environment and zero tolerance for any form of harassment. The fact that a global actor like the International Co-operative Alliance (ICA) commits Read More
  • Felisa Palencia: Bicol Region’s Bigay Pugay Awardee

    BAAO, CAMARINES SUR – An educator and training provider, Director Felisa M. Palencia has been instrumental in the training and education of the cooperators in this Municipality. She has been a member of the Baao Parish Multi- Purpose Cooperative for Read More
  • AsiaDHRRA taps NATCCO to help Farmers’ Co-op

    EASTERN SAMAR – Many agricultural cooperatives fail due to the inability of its members – mostly farmers – to run its operations.  But for a farmers’ cooperative named Island of Samar & Leyte Agriculture Cooperative (ISLACO), the future looks bright. Read More
  • CDA now under DTI

    MANILA – President Rodrigo Duterte ordered the Cooperative Development Authority (CDA) to be placed under the Department of Trade & Industry (DTI).  Malacanang Palace issued Executive Order 67 on October 31.   It will be recalled that just on his Read More
  • First Co-op Chess Tourney in History

    MAKATI CITY – More than 200 chess players battled wills over the Chess Board on Sunday, October 22, at the First Co-op Cup Chess Tournament held at the Alphaland Southgate Mall, with Max Dave Tellor of Adamson University taking the Read More
  • ACCU Founder Rekindles Raiffeisen Ideals

    Mr. Andrew So, one of the founders of the Association of Asian Confederation of Credit Unions gave this inspirational speech at the 2018 ACCU Forum in September in Manila.   Social Justice is a moral principle and a moral value. Read More
  • Co-op Month Celebrated Nationwide!

    Cooperators all over the country celebrated the Cooperative Month this October, culminating in the National Cooperative Day on October 20.   According to the Co-operative Month Secretariat that collates nationwide data and monitors social media posts under the hashtag “#1coopnation”, Read More
  • Co-op Resiliency & Sustainable Development

    COOP-NATCCO Rep. Anthony Bravo delivered the following Privilege Speech in Congress last  October 8.   Mr. Speaker, honorable colleagues, I rise today as we again honor our cooperatives across the country for being resilient amidst the growing inflation and other Read More
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CDA Releases More Detailed Social Audit Tool

The Cooperative Development Authority (CDA) has released its first Memorandum Circular for the year: “The Revised Guidelines on Social Audit of Cooperatives.”
 
Social Audit is designed by the CDA as “the process whereby a cooperative can account for its social performance, report on and improve that performance. It assesses the social impact and ethical performance of the cooperative in relation to its vision, mission, goals, and Code of Social Responsibility.”
 
The upgraded Social Audit Tool is the result of consultations with leaders from select small, medium, large and billionaire cooperatives, co-op unions and federations, and the Philippine Cooperative Center beginning in November 2017.
 
According to the Cooperative Development Authority’s Cooperative Research Dept. Head Lissa Santos, the new Tool "is more detailed and specific.  Co-ops must detail their social activity, name the beneficiaries, and even indicate how much funds were used."
  
Asked why the Tool was revised, Santos said: “We know very well that the Dept. of Finance (DOF) attempted to repeal the tax exemptions of cooperatives.  Congress, thru the Co-op Bloc Representatives, justified why co-ops deserve tax exemptions, saying that co-ops contribute to social upliftment and community development.”
 
But the DOF asked for statistics or figures – to prove whether co-operatives indeed have a social impact in their communities.  The CDA could not supply any.
 
“That was when we decided to revise the Tool.  Unless we have solid data, the DOF will think the contributions of co-ops to development are just hearsay” Santos said.
 
The new Tool shall be used by co-ops for their 2018 Social Performance, to be submitted in 2019.
 
Santos also cited some co-ops that donate money (usually from the Community Development Fund) to Foundations or NGOs that have social projects. But Santos clarified that “that is not the activity of the co-op.  It is the NGOs’ activity.”
 
The CDA is currently working on the second part of the Tool, which is the “Impact Assessment.”  It will be released by the end of 2018.
Social Audit validates the support of the cooperative to the 7th cooperative principles, i.e. the “Concern for Community” and determines whether the cooperative work for the community’s sustainable development through policies approved by their members.
 

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