An opinion piece in the Financial Times has suggested that "Consensus has been slower to form on what companies could or should disclose about their “social” commitments, than their environmental impact or governance." Whilst both the "Environmental" and "Governance" limbs continue to lead the charge when it comes to corporate compliance, the "Social" limb seems to be little spoken of. That is not to say that it is not of great importance. The past year has highlighted the need for the corporate world to consider the views and address the concerns of their employees whilst also appreciating the capacity they have to help shape and mould the company's ESG strategy. A failure to engage constructively and meaningfully with the silent "S" may prove fatal to a company's future success as a sustainable business.
"The corporate world seems more eager to talk about its efforts to protect the planet than its staff who have to live on it"