Social Pillar ESG Advisory Services

While the environmental aspect of ESG is possibly the best understood element of ESG, people tend to be less familiar with the Social pillar. The Social pillar refers to an organisation’s values, policies and practices around factors such as workplace mental health, human rights, diversity and inclusion, supply chain management and the social impact of its operations.

Over the years, the scope of ESG’s Social pillar has broadened considerably, reflecting technological advances and businesses becoming more interconnected. While all three pillars of ESG are intertwined, Social, however, is more concerned with relations between a company and people as well as the institutions around it and it is critically important in building trust in an organisation. People are central to business success and the way they are treated by organisations is coming under increasingly heavily scrutiny. The popular corporate mantra is People, Planet, Profits and it should naturally be in that order and priority – it is always People First.