Mila Harmelink’s Post

Are you interested how to make the “S” in #ESG more tangible and actionable for your organization? Dive into this full case study report 👇🏻 #socialsustainability

🌟I am proud to share the case study report 'How Unilever builds and delivers its social sustainability strategy', written together together with my PwC colleagues Mila Harmelink and Nabeel Osman and released by The Business Commission to Tackle Inequality (BCTI) Carolien de Bruin. This case study serves as a practical application of the social performance framework and highlights Unilever's journey in tackling #inequality. It provides valuable insights for companies that want to have a positive impact on society. 👉🏻Dive into the full case study report and discover a practical step-by-step approach on how to make the “S” in #ESG more tangible and actionable for your organization. Discover a practical step-by-step approach for every C-suite member on how to make the “S” in #ESG more tangible & actionable, with chapters on: * Baselining & maturity assessment * Prioritizing action areas & setting targets * Strategic integration & implementation * Social performance review * Communications on progress Thanks to Unilever Anouk Heilen and Rebecca Marmot for providing all the insights into your journey! Barry Murphy Nadja Picard Emma Cox Noor Sanders https://lnkd.in/e3BpM8Hj

How to bring social factors strategically into the Board room (and trigger actual integration into the workplace and corporate supply chains)? Grateful to Unilever for giving us a peek into the kitchen and for PwC for the write up and analysis. Elevating ambition, action AND accountability in support of the #SinESG is the mandate with The Business Commission to Tackle Inequality - a coalition of 80+ leading companies, the United Nations, and other partners who share a commitment to serve as ringleaders and frontrunners in #tacklinginequality. Yet to do so with success, well need to understand first what matters, what works, and what doesn’t. A big thank you to Anouk Heilen, Matteo Squire, Rebecca Marmot, Barry Murphy, Wendy van Tol, and Mila Harmelink for spending the time on this thoughtful write up and sharing Unilever’s path towards its #livingwage agenda and other essential social value drivers. More on the next phase of the The Business Commission to Tackle Inequality soon. Onwards & upwards! #esg #inclusion Powered by WBCSD – World Business Council for Sustainable Development & our Equity team, Alyson Greenhalgh-Ball, Laura Kim Doan, Camila Ramos Vilches, Elisabeth P. , Kija Kummer Brown Louise Patzdorf, MCIPR Zara Parian

Social responsibility plays a crucial role in shaping sustainable business practices and investment decisions. Social responsibility within the framework of ESG encompasses a range of factors, including but not limited to human rights, labour practices, community engagement, and diversity and inclusion initiatives. At its core, social responsibility in ESG reflects a commitment to the ethical and equitable treatment of all stakeholders, including employees, customers, suppliers, and the communities in which businesses operate. This entails upholding fundamental human rights, ensuring fair labour practices, fostering diversity and inclusion, and actively engaging with and supporting local communities. Moreover, social responsibility is integral to fostering trust and building long-term relationships with stakeholders. Companies that demonstrate a strong commitment to social responsibility are better positioned to attract and retain talent, enhance their brand reputation, and mitigate risks associated with negative social impacts such as labour disputes, human rights violations, or community backlash. Furthermore, social responsibility within ESG extends beyond corporate practices to encompass broader societal issues and challenges. This includes addressing systemic inequalities, promoting social justice, and contributing to sustainable development goals such as poverty alleviation, access to education and healthcare, and environmental conservation. In need of expert advice on ESG? Contact us today at esginactionafrica@gmail.com #ESG  #ESGSustainability #ESGStrategy #ESGinActionAfrica #SustainableDevelopment #EnvironmentalResponsibility #SocialResponsibility #CorporateSocialResponsibility #ESGFramework

🌍 Embracing Business Practices That Actually Improve the World 🌱 In today's fast-paced world, businesses have a unique opportunity to not only drive profit but also make a positive impact on society and the environment. Here are a few standard examples of business practices that are truly making a difference: 1. Corporate Social Responsibility (CSR): Implementing CSR initiatives such as community development projects, environmental sustainability programs, and philanthropic efforts can significantly contribute to social welfare and environmental conservation. 2. Ethical Sourcing and Supply Chain Management: Ensuring fair labor practices, ethical sourcing of materials, and promoting transparency throughout the supply chain are crucial steps towards fostering a more equitable and sustainable business ecosystem. 3. Innovation for Social Good: Investing in research and development that focuses on solving pressing social and environmental challenges, such as clean energy technologies, healthcare innovations, and sustainable agriculture practices, can lead to groundbreaking solutions that benefit both society and the bottom line. 4. Diversity and Inclusion: Creating a workplace culture that values diversity, equity, and inclusion not only fosters innovation and creativity but also helps address systemic inequalities and promote social justice. By embracing these business practices, companies can not only enhance their reputation and attract top talent but also play a pivotal role in building a more sustainable and equitable future for all. Let's strive to make a positive impact through our business endeavors! #Sustainability #CSR #EthicalBusiness #SocialImpact

Measuring and reporting social impact is crucial for organizations to assess their contributions and maintain accountability. Frameworks like the Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB) offer structured approaches to ensure transparency, helping businesses align with global standards while showcasing their social impact efforts. By adopting these frameworks, organizations can effectively communicate their positive contributions to society and promote trust among stakeholders. #SocialImpact #GRI #SASB #Transparency #Accountability #Sustainability #Windhivessustainabilitysolutions #windhives

🌍 Understanding the Differences: Socially Economic vs. Economically Social Companies 🌍 Socially Economic Company: These companies prioritize profit while equally valuing social goals. They focus on improving working conditions, supporting local communities, and environmental protection. Example: A manufacturing firm that hires local workers, invests in their development, and follows eco-friendly practices. Economically Social Company: Organizations primarily driven by social benefits, using profit as a means to achieve these goals. Example: A social cooperative creating jobs for disadvantaged groups and offering market products/services to fund their activities. Share your examples and thoughts in the comments!👇 Thank you! Learn more at: [Konstelacja.org](https://lnkd.in/dUWQB-xk) 🚀 #Sustainability #SocialImpact #ESG #BusinessTransformation #tokenESG #tokenization #greenwashing

Now we realise the importance of harmonising business with environmental, social and governance (ESG) principles. The requirement to adopt ESG practices in business is evident, as we see from the many announcements made by the relevant authorities and banking institutions. From the aspect of the 'social' component, supporting orphanage homes is an excellent CSR initiative under the ESG as it directly contributes to the well-being of children without parental care. This reflects the business entity's dedication to addressing social issues and improving the quality of life for disadvantaged groups. Supporting orphanages can also enhance the reputation of a business entity and build trust with stakeholders, including customers, employees, and investors, who increasingly value socially responsible practices. Perhaps you want to share a story about your company's contribution to the social component of ESG. #ESG #orphanage #CSR

Just like how we cannot exist in isolation, businesses also don’t exist in isolation. Since corporations affect their local communities, they must take responsibility for the effects of their decisions. I’m glad to be working for a company that practices respect for all to conduct ethical business in the OMRON Group Value Chain and which values community engagement. We understand that people are at the core of our business and decisions, and we take concrete steps to adhere to the highest social standards. Read more about how we do this on our new ESG page: https://lnkd.in/eThnUAG2 #esgjourneyOMRON #sustainability #responsiblebusiness

Much like the middle child in a family, the social aspect of ESG tends to be overshadowed by its siblings, Environmental and Governance. Yet, its significance is paramount in shaping sustainable and ethical business practices. Unlike the more tangible Environmental and Governance components, the Social aspect is inherently qualitative and subjective. It encompasses a broad range of factors including labor rights, community engagement, diversity and inclusion, and employee well-being. The challenge with Social is its nebulous nature - it's not as easily quantifiable or measurable as carbon footprints or corporate structures. However, this doesn't diminish its importance. In fact, it's precisely because of its complex, human-centric nature that the 'S' in ESG demands more attention and nuanced understanding. Businesses that excel in social responsibility don't just comply with standards; they build trust, foster loyalty, and create long-term value for all stakeholders. Let's not neglect the 'S' in ESG. It’s time to give it the attention and focus it deserves. After all, at the heart of every sustainable business are the people and communities it serves. #esg #social #socialgovernance #socialimpact