• Oro Integrated Reaches for Stars, Deepens Roots

    Founded by 28 co-operators in March 1966 to provide opportunities for vendors, entrepreneurs, self-employed, teachers and farmers, Oro Integrated Cooperative has gone a long way.   OIC had sturdy roots, having co-op champions among its list of founders, such as Read More
  • Kaya is the Way to Go!

    In the UN Sustainable Development Goals 2030, there are two buzz words: “Leave No One Behind!” and a new one, “Reaching the Farthest Behind First”.   I think of the indigenous peoples in the rural areas.  In my village in Read More
  • Co-operatives Should Tap the Millennials

    Millennial, Social Entrepreneur, and author,  John Xavier Francia tells participants at the recent 2018 Co-op Leaders’ Congress in Cagayan de Oro 1) who are the millennials, 2) what it takes to take them on board, and 3) how they can Read More
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    When the Philippine Weather Bureau was undergoing rehabilitation due to the devastation wrought by the World War II, a core of enterprising weathermen established the Weather Bureau Employees Association (WBEA). The aims were, a) to promote brotherhood and unity among Read More
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  • CDA Releases More Detailed Social Audit Tool

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  • Alex Raquepo: Ilocos Region's Co-op Man

    Rare are those who have been steeped in cooperative principles in their youth and continue to do so decades later.  Alexander B. Raquepo is among that rare breed.   Alex hails from Sta. Cruz, Ilocos Sur and is the eledest Read More
  • COOP-NATCCO Partylist Thumbs Down Divorce Bill

    QUEZON CITY --  After consultations with co-op leaders, Coop-NATCCO Partylist Representatives Anthony M. Bravo and Sabiniano Canama voted against the Divorce Bill.   After quoting the Bible on social media, Rep. Bravo said: “Bilang isang Kristiyano, ito ang aking personal 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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