It is no longer news that ESG practices in Brazil have become a requirement for businesses to be successful. However, there is still a long way to go for organizations, which must remain attentive to the rapid and complex changes in the market.
ESG:
The acronym ESG stands for Environmental, Social, and Governance. It refers to good practices that integrate the generation of economic value with environmental, social, and governance issues of a company.
This term is used to represent how committed a company is to the market in which it operates and to society as a whole.
Moreover, promoting ESG practices contributes to organizations having a positive image among employees, consumers, and investors, resulting in positive financial impact.
Social Responsibility: the “S” in ESG
The social aspect of ESG is increasingly gaining traction 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 aligns with social responsibility, it is essential to follow some fundamental criteria that promote positive impacts for individuals and enhance the professional environment. Here are a few:
- Combating Prejudice and Discrimination
One of the main agendas for organizations aligned with social responsibility is combating various types of prejudice. To achieve this, it is necessary to expand the diversity of the workforce, ensuring the attraction and retention of diverse talents. It is also important to invest in diversity literacy and actions that ensure an inclusive organizational culture.
- Promoting Diversity
Promoting diversity involves more inclusive hiring processes aimed at minorities who face discrimination due to reasons such as gender, age, race, disability, among others. This is an essential initiative to foster greater equality, innovation, and creativity within organizations.
- Well-Being and Safety
To generate physical and mental well-being for employees, it is necessary to promote a safe, respectful, and positive place where ideas, experiences, and opinions can be shared comfortably. Additionally, it is vital to ensure an environment free from discrimination, harassment, and prejudice.
- Encouraging Professional Development
Companies that encourage the professional development of their employees create more value in the market and ensure an engaged team, resulting in increased productivity.
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