ESG: how to have good social governance in 2023

It is no longer news that ESG practices in Brazil have become a requirement for successful businesses. However, there is still a long way to go for organizations, which need to be aware of the agile and complex changes in the market.

ESG:

The acronym ESG comes from the English, environmental, social and governance, which translated into Portuguese means ambiental, social and governança. It refers to good practices for integrating the generation of economic value combined with environmental, social and governance issues of a company.

This term is used to represent how much a company is committed to the market where it operates and to society as a whole.

In addition, promoting ESG practices helps organizations to have a positive image for employees, consumers and investors, generating a positive financial impact.

Social responsibility: the “S” of ESG

The social part of ESG is increasingly popular in organizations. It aims at social actions adopted by companies to minimize social inequality through projects that contribute to team diversity, employee engagement, community relations and respect for human rights and labor laws.

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How to maintain a social responsibility agenda in 2023

To ensure a company aligned with social responsibility, it is necessary to follow some fundamental requirements that promote a positive impact on individuals and generate improvements in the professional environment. Check out some of them below:

• Combating prejudice and discrimination

One of the main guidelines for an organization allied with social responsibility is to combat different types of prejudice. For this, it is necessary to expand the plurality of the workforce, ensuring the attraction and retention of diverse talents. It is also necessary to invest in literacy in diversities and actions that guarantee an inclusive organizational culture.

Promotion of diversity

The promotion of diversity consists of more inclusive selection processes aimed at minorities who suffer discrimination for reasons such as gender, age, race, disability, among others. This is an essential initiative to promote more equality, innovation and creativity in organizations.

Well-being and security

To generate the physical and mental well-being of employees, it is necessary to promote a safe, respectful and positive place so that ideas, experiences and opinions can be shared in a comfortable way. In addition, it is necessary to ensure an environment free of discrimination, harassment and prejudice.

• Stimulation of professional development

Companies that encourage the professional development of their employees generate more value for the market and ensure an engaged team, resulting in increased productivity.

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