The 'social' aspect of ESG

The debate on diversity is expanding to include ethnicity, disability and sexual orientation, not only on board but also in senior management

In the first part of our article we discussed the ‘E’ or the environmental component of ESG. In this part we will discuss the ‘S’ or the social component of ESG, that is, the approach of a company towards it employees, customers, and the community at large.
 
The various aspects of social welfare draw their origin from international instruments which inter alia include the Universal Declaration of Human Rights, the Core Conventions of the ILO, UN Guiding Principles on Business and Human Rights, the Sustainable Development Goals and the UN Guidelines on Consumer Protection. The principles laid down in