The S part in ESG stands for the social. How does the company treat the people it interacts with such as employees, customers, suppliers, and the surrounding community?

ESG frameworks highlight the particular social interactions of a company that can be quantified to anticipate risk to show how your company handles social issues and what goals you’ve set to increase social equity.

One of the most pressing challenges in the high-tech ecosystem is the lack of diversity (gender and otherwise). Therefore the emphasis in any “S” recommendations will be on DEI - Diversity, Equity and Inclusion. This will be reflected in the company general workforce, its management and board. Another issue that needs consideration is the gender pay-gap that exists in all industries.

Main topics addressed:

• Job creation
• Diversity – female & minority headcount in general and management team
• Measures being taken to implement inclusion
• Availability of training opportunities
• Company-wide profit sharing
• Gender pay-gap
• Internal training and development including social metrics
  • the employee working conditions such as working hours and the health and safety of the employees and their privacy
  • unintended bias in recruiting, promoting and pay
  • the freedom of association and the effective recognition of the right to collective bargaining;
  • the elimination of all forms of forced and compulsory labor
  • the elimination of child labor

the elimination of discrimination in respect of employment and occupation

The key themes and issues included in most social sustainability assessments are summarized below.

Human Capital: Stakeholder Opposition: • Labor management • Controversial sourcing
• Human capital development
• Health and safety & privacy
• Supply chain labor standards

Product Liability: Social Opportunities: • Product safety and quality • Access to communications • Chemical safety • Access to finance • Financial product safety • Access to healthcare • Privacy and data security • Opportunities in health and nutrition • Responsible product design • Health and demographic risk

https://www.youtube.com/watch?v=_eW-Lbo26fY

Source: Charles Stanley Channel