Environmental, Social, and Governance (ESG) is a big deal nowadays. It's a way of looking at how a company affects the world around it and how it's run. Think of it like a report card for businesses, showing how they treat people, the planet, and how well they're managed.
Let's break it down. The social part looks at how a company treats its workers, customers, and the communities it's a part of. It's like peeking into how they handle things like diversity, community projects, and making sure everyone's rights are respected. When a company gets this part right, it builds trust and a good reputation.
According to ES Ranganathan, who knows a lot about this stuff, the social side is super important. Nowadays, people don't just buy products—they also care about the values of the companies they support. They want to know they're supporting businesses that treat people and the planet well. So, if a company wants to do well in the long run, it needs to nail the social side of things.
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