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Social sustainability performance is one of the three pillars of ESG. It assesses a company’s engagement with its workers, customers, suppliers, and the local community. It covers human rights, diversity and inclusion, health and safety, and community impact. Inattention to these factors can damage corporate brands and reputations and bring legal and regulatory penalties. Companies in every sector will need to make concerted efforts to improve their performance across all three ESG measures.
Tesla CEO Elon Musk's $44bn acquisition of Twitter is leading the charge in Big Tech's battle against global regulators. Big Tech companies, particularly those with global social media platforms, have long insisted that they are...