How important is the Social Pillar for companies?

The Social Pillar of ESG (Environmental, Social, and Governance) is increasingly highlighted in the corporate market. This, by the way, has been one of the most essential pillars for business routine, and companies need to be constantly updated on the importance of the ESG market.

After all, it is a market that is expected to generate more than US$50 trillion by 2025. ESG consists of practices that integrate its pillars and, together, they act for the benefit of society, the environment, and the corporation.

But do you know why the Social Pillar is fundamental for companies? Check out this article, prepared by us, from the INFLOR Blog, to find out. Good reading!

What does the Social Pillar comprise?

The ESG Social Pillar goes far beyond just offering a space in the company for its employees to socialize with each other. This Pillar understands how the company deals with its social environment, that is, how it relates to each of its employees, what the relationship is like between the corporation and the community in which it operates and, of course, with the citizens around it.

What types of actions stand out in the practice of this Pillar?

According to a study performed by ManPower Group on the maturation of companies regarding the ESG agenda, Brazilian companies presented a trajectory of constant evolution – and the Social Pillar received great emphasis. This is because, according to the survey, more than 40% of national corporations carry out practices that correspond to the Social Pillar. The diagnosis is exciting, as the social compliance rate in companies around the world is just 37%.

In this way, the action models highlighted below are among the models that comply with the Social Pillar:

🎯 Social actions;
🎯 Corporate actions;
🎯 Actions that prevent fraud;
🎯 Actions to include professionals with disabilities;
🎯 Actions that promote the emotional care of employees.

With the practice of these types – which demonstrate corporate care for employees and communities – the Pillar is strengthened and reaffirmed as fundamental, thanks to the positive effects generated on people and, consequently, on the company.

How to implement Social Pillar actions in the company?

Although the actions are essential for strengthening the Social Pillar, you need to know your company and which practices to implement. The first step is to diagnose your corporation to understand its reality and which areas require action for the Pillar to be implemented.

Thus, knowing the company’s reality, it is possible to create a strategy plan. Goals to be achieved, prediction of when they will be achieved, and steps to monitor each strategy. In this way, it will be possible to implement ESG initiatives in the corporation.

The next step is to train your employees. This step is essential because they are the main base of the corporation. After all, they are the ones who build it daily and your company will only grow and stand out when you have a diverse and qualified team of specialists, also in compliance, with the company’s organizational culture. Whenever possible, invest in courses, webinars, lectures, and other types of content that can empower your team.

💡 What if your company can count on the support of a solution that contributes to your social and stakeholders management in an optimized and safe way?

 I INFLOR Sociall, uncomplicated and optimized social management

INFLOR Sociall is our social and stakeholders management solution.

The tool allows:

✔️ Deeply execution monitoring, highlighting financial and social impact generated;
✔️ Analyze and define the feasibility of grants;
✔️ Centralize the receipt of demands, own or from the surrounding community;
✔️ Publish and manage public project selection notices;
✔️ Receive complaints or impacts from the most diverse stakeholders in your ecosystem.

With so many facilities, INFLOR Sociall contributes to strengthening proactivity in social relationships. Are you interested in knowing more? Talk to a specialist!

Find out how this tool can contribute to managing your relationships – inside and outside the corporate environment. It will be a pleasure to help you!

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