Social Impact
What is happening? Let’s think about the various ways and standards that exist to measure the social impact, the S in ESG. There is the UN’s Corporate Human Rights Benchmark; California’s Transparency in Supply Chain Act; auditing your supply chain; accountability in your grievance mechanisms; and tracking how your company improves social mobility and progress for employees. Let’s not forget the ROI- Stanford’s Social Innovation Review found a “positive correlations between good environmental and social performance and overall financial returns within its equity portfolio for private and public companies.”
Why is this important? The S doesn’t garner all the excitement the E and the G do.
Reuters | How companies are measuring the impact of their “social” issues
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