FOCUS ON THE SOCIAL PILLAR AS AN ESG STRATEGY
Keywords:
ESG, ESG Practices, Social Pillar, Organizational SustainabilityAbstract
In order to understand the impact of the social pillar of ESG practices on organizations, a systematic literature review was conducted. As a result, it was found that ESG practices are crucial in corporate strategy, providing competitive advantage, increased transparency, driving innovation, and organizational sustainability. The implementation of ESG measures impacts human beings in all three dimensions, and organizations with better ESG performance contribute to societal development. Balancing the environmental, social, and governance dimensions is crucial for organizational sustainability. In-depth research is needed on the social pillar and its implications for organizations and society, as well as consensus on sustainability and ESG metrics and reporting, along with exploring the relationship between ESG data and artificial intelligence.
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