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What is the Social component of the ESG concept and how can companies improve it?

In the previous ESG Monday column we told you about what the Environmental component in the ESG (Environmental, Social and Governance) concept entails. This time we're going to look at the Social - the social component.

 

 

In Uzbekistan, ESG is a relatively new concept and has not yet been widely accepted by companies, but awareness of the importance of sustainable and responsible investment is increasing. ESG-investing or, as it is also called, responsible investing is investing money in securities of companies that contribute to the development of society. The trend towards a more informed approach to the choice of financial instruments is explained by the entry into the market of a new generation of millennial investors, who are more concerned about global problems such as climate change than others.

As part of the new direction of development of Index Consulting Company, we are launching a new column "ESG Mondays". In this section, we will introduce readers to the latest international trends in the field of sustainable development.
ESG principles are becoming an increasingly important element of the global financial system, able to smooth out the contradictions between the rapid growth of production and consumption on the one hand and the climate challenges of modernity on the other.