• Grow Your Co-op Members’ Business

    Leni San Roque, Chief Executive of the Association of Asian Confederation of Credit Unions (ACCU), tells participants at the recent Co-op Leaders’ Congress in Iloilo City how and why co-ops should upgrade and make an impact in the communities, in Read More
  • Use Tech or Be Left Out

    We must know what is going on outside our co-ops. While we are optimistic about the digitalization of the economy, the fast pace of technological advancement must still undergo government regulation.  Mertz Tangonan shows us a bird’s eye view of Read More
  • COOP-NATCCO Wins One Seat In Congress

    COOP-NATCCO Partylist has announced that it has won one seat in Congress in the May 13 elections.   In a very impressive display of solidarity, cooperative members, leaders, staff, management and stakeholders voted COOP-NATCCO Partylist (CNPL) in the May 2019 Read More
  • Great Potential for Co-ops in e-Payments

    Jing Gusto, consultant of World Council of Credit Unions, presented before the NATCCO Coop Leaders’ Congress in Iloilo City last April the results of a study that shows the readiness of co-ops and their members for e-payments.     I think Read More
  • Help your Members be Entrepreneurs thru e-commerce

    Do your co-op members have products that need marketing?  Your co-op could be the best aggregator.  Online shopping platform Lazada's Petrus Carbonel shows how your co-op can facilitate entrepreneurship among your members.   In the digital economy, co-ops will have Read More
  • Positioning Co-ops in a Digital Economy

    Trade & Industry Undersecretary  for Competitiveness & Innovation Rafaelita Aldaba shared with the NATCCO Leaders’ Congress that it is important for co-ops  to understand how you can position cooperatives in the new digital economy, take advantage of the opportunities and Read More
  • Co-ops Must Invest in the Youth

      15-year-old co-op leader, Alessandra Daquila or Barbaza Multi-Purpose Cooperative in Antique Province spoke before 800 delegates on the opening day of the 17th Co-op Leaders Congress in Iloilo City, and gave them her mind on what co-ops should do Read More
  • Co-ops ready for Digital Economy

    ILOILO CITY – Co-ops must, can, and will definitely go Digital!   More than 700 leaders from 189 cooperatives converged last April 26-28 at the Grand Xing Imperial Hotel for the 17TH Co-op Leaders’ Congress and 42nd General Assembly.  They Read More
  • Power Speakers to Inspire and Impart at Leaders’ Congress

    A power list of speakers await delegates to the 17th NATCCO Co-op Leaders’ Congress in Iloilo City on April 26-28.  Their topics are in line with the theme for the event: “4.0 Positioning Cooperatives in a Digital Economy.”  The topics Read More
  • Supreme Court Ups Small Claims from 300k to 400k Starting April

    The Supreme Court increased the limit of small claims cases filed before the Metropolitan Trial Courts from P300,000.00 to P400,000.00, beginning  April 1, 2019.     Upon the recommendation of the Office of the Court Administrator to Associate Justice Diosdado M. 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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