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social_sustainability.txt
ESG – Social
Social criteria cover an extremely wide range of potential issues. There are many separate social aspects of ESG, but all of them are essentially about social relationships. One of the key relationships for a company, from the point of view of many socially responsible investors, is the company’s relationship with its employees. Following is a brief rundown of just some of the issues that may be considered when examining how a company handles its social relationships:
Is employee pay fair, or perhaps even generous, when compared to comparable jobs or to similar positions throughout the industry? What type of retirement plans are employees offered? Does the company contribute to the employee retirement plans?
In addition to basic wages or salary, what benefits or perks are employees provided with? With ESG-concerned investors, it can make a big difference in the evaluation of your company if, for example, you do things such as providing a free, very lavish buffet lunch for all employees every Friday – or provide other types of benefits that aren’t exactly commonly found at all workplaces, such as an on-site fitness center.
Workplace policies regarding diversity, inclusion, and prevention of sexual harassment are also factors that are frequently considered
Employee training and education programs; for example, does your company provide financial support for continuing or higher education and/or flexible working hours for employees pursuing further education; what opportunities exist for employees to be trained in new job skills at the company that will qualify them for higher-paying positions?
What level of employee engagement with management is there? How much input do employees have in determining operational procedures within their respective departments?
The level of employee turnover
What’s the company’s mission statement? Is it socially relevant and beneficial to society?
How well are customer relationships managed? Does the company engage with customers on social media? How responsive and efficient is the customer service department? Does the company have a negative history of consumer protection issues, such as product recalls?
Does the company take a public or political stance on human rights issues? Does it donate money to charitable causes?
Text From https://corporatefinanceinstitute.com/resources/knowledge/other/esg-environmental-social-governance/#:~:text=ESG%20is%20the%20acronym%20for,concerns)%20into%20their%20selection%20of
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