ES(?)G—The Social Dimension as a Necessary Counterpoint to the Market’s Desires
摘要
This chapter delves into the socialSocial dimension of ESG criteria, critiquing its current limitations in prioritizing internal human resources and shareholder concerns over broader societal issues, particularly evident in developing countries like Brazil. It traces the historical evolution of Corporate Social Responsibility (CSRCorporate Social Responsibility (CSR)) from philanthropyPhilanthropy to a more holistic managementManagement approach encompassing ethical, socialSocial, and environmental considerations. Emphasizing the importance of socialSocial responsibilityResponsibility in ESG evaluations, it highlights key factors impacting company operations, including job creation, diversity, community relations, and human rightsHuman rights. The chapter underscores the acknowledgment of socialSocial responsibilityResponsibility by financial institutions and investors. Empirical evidence, such as surveys, demonstrates the significance of the socialSocial aspect of ESG, particularly in the wake of events like the COVID-19COVID-19 pandemic. As a contribution, it offers a comprehensive overview of the challengesChallenges and opportunities associated with integrating socialSocial concerns into business practices within the broader context of CSRCorporate Social Responsibility (CSR) and sustainabilitySustainability, addressing the evolving dynamics of the market and global sustainabilitySustainability agendas.