This article originally appeared on CPA Canada’s website, and would be of interest to those who want to learn more about the social pillar in ESG. Access the original article here.
As interest in environmental, social, and governance (ESG) matters continue to grow, the “social” pillar has become an increasingly important factor. In a recent report from CPA Canada, the Rise of the Social Pillar: An Introduction to the ‘S’ in ESG, examines how CPAs can lead in this area.
Organizations today are expected to consider social matters in their business models, operations, and across their value chains. Regulators and governments are also actively looking at developing policies and disclosure rules on these social matters.
CPA Canada notes that the scope of social matters range from:
- human rights
- health and safety
- employee engagement and satisfaction
- Indigenous peoples and communities
- diversity, equity, and inclusion
- ethics and security
As such, CPAs have an important role to play within their organizations to ensure social matters are incorporated and implemented in an organization’s strategy, in its risk and performance management, and into the reporting and assurance of relevant information.
In this report from CPA Canada, you will learn about:
- the ‘S’ in ESG
- challenges, opportunities, and the role of the CPA
- a case for finance: social and human capital accounting
- current disclosure landscape
