Social Audit
Industree underwent a social audit with the objective of articulating its mission centricity and to evaluate in commercial terms its social impact. It is critical for Industree that the commercial nature of day to day operations do not undermine the social intent of the company.
The need for adopting a social accounting was even more pronounced with the proposed scale up of the organization. Performance measures included the social, environmental and financial performance . The five-year time period used for the study was between the financial years 2002-2003 to 2006-2007.
The highlights of the social audit are as follows:
• The artisan gets Rs58 (US$1.38) of every Rs100 (US$2.37) from the sales.
• The median monthly income per producer has increased by Rs1000 ($US23.78)
• Staff artisan ratio is 1:36
• Since its inception the number of artisans that the organization has been involved in have tripled.
• Profits went up four times. A large proportion of these profits are ploughed back into the business as capital advances to artisans
• Designs stabilized at 300 and peaked to 470.
• A conscious effort to have a broad based and geographical diverse producer base that is economically viable.