Consideration of people & relationships

How a company manages its relationships with its workforce, the societies in which it operates, and the political environment.The social aspect of sustainable investing.

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Social Aspects

Labor Practices

This includes fair wages, working conditions, labor rights, and diversity and inclusion. Companies are expected to respect workers' rights and provide safe and healthy work environments. They should also strive for a diverse workforce and an inclusive culture.

Human  Rights

Companies should respect and protect human rights in all their operations and supply chains. This could involve preventing child or forced labor, ensuring safe working conditions, and respecting the rights of indigenous people.

Community Relations

How a company interacts with the communities where it operates is another significant aspect of the 'Social' in ESG. This could involve investing in community development projects, minimizing disruptions to local communities, and responding to community concerns.

Customer Treatment

Ethical marketing practices, protecting customer data privacy, and providing quality and safe products and services are essential social responsibilities for businesses.

Supply Chain Management

Companies are also held accountable for their suppliers’ actions. Responsible supply chain management involves ensuring that suppliers are also adhering to good labor practices, respecting human rights, and minimizing environmental impacts.

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SOCIAL KPIs MATTER: Improving workplace diversity and inclusion
Supporting a productive and healthy workforce
Building and maintaining good community relations
Ensuring a just transition

IFC, Sep 2023

UN Sdgs

United Nations SDGs and Social Impact

Goal 1. End poverty in all its forms everywhere
Goal 2. End hunger, achieve food security and improved nutrition and promote sustainable agriculture
Goal 3. Ensure healthy lives and promote well-being for all at all ages
Goal 4. Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all
Goal 5. Achieve gender equality and empower all women and girls
Goal 6. Ensure availability and sustainable management of water and sanitation for all
Goal 7. Ensure access to affordable, reliable, sustainable and modern energy for all
Goal 8. Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
Goal 9. Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation
Goal 10. Reduce inequality within and among countries
Goal 11. Make cities and human settlements inclusive, safe, resilient and sustainable
Goal 12. Ensure sustainable consumption and production patterns
UN SDG Wheel