How do you go about building up and developing the social pillar of your ESG policy in concrete terms?
1. Stakeholder analysis: Identify the most important important stakeholders of your organisation, such as employees, customers, suppliers and local communities. Understand their needs, expectations and concerns regarding social issues.
2. Policy making: Develop a policy that supports the social responsibility of your organisation. This policy should cover issues such as labour rights, diversity and inclusion, health and safety and community engagement.
3. Employee engagement: Create an environment that promotes engagement and employee well-being. Ensure fair labour practices, equal chances, good working conditions and opportunities for personal growth and development.
4. Responsible supply chain: Evaluate social performance of your suppliers and promote responsible behaviour in the supply chain. This entails the evaluation of working conditions, human rights and ethical practices of suppliers.
5. Community engagement: Identify ways in which your organisation can have a positive influence on the local community. This could include supporting local initiatives, sponsoring community projects, and promoting volunteering jobs among employees.
6. Transparency and reporting: Communicate openly about your efforts regarding the social ESG pillar. Publish relevant information on policy measures, performance and goals in the field of social responsibility.
7. Management involvement: Ensure that senior management is actively involved in the social ESG pillar. Involve them in setting goals, allocating resources and promoting a culture of responsibility and ethical behaviour within the organisation.
Remember that these suggestions are only a starting point and implementing the social ESG pillar is a ongoing proces. It requires involvement and commitment on all levels of the organisation to be effective and have a positive social impact.