Social costs (C) encompass impacts on public health (e.g., air pollution from logistics affecting communities), per the CIPS L3M6 syllabus. Ecological costs (A) target ecosystems, and economic costs (B) focus on finances. CSR monitoring addresses social costs to ensure ethical supply chain practices.
[Reference: CIPS L3M6, LO4 – Understand methods to monitor Corporate Social Responsibility (CSR) in procurement and supply., ________________________________________]
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