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MEMBERS ' ESG JOURNEY
ANNUAL NEWSLETTER 2ND EDITION | @ esgam
SOCIAL PILLAR
MS. MARILYN WANG
- Chief Marketing Officer Manulife Holdings Berhad., Council Member of ESGAM
Integrating ESG Social Pillar into Organisational Practices
INTEGRATING ESG principles into organisational practices is essential for sustainable growth and societal impact. While environmental and governance aspects often receive significant attention, the social pillar is equally crucial. It covers a company’ s impact on employees, customers, communities and other stakeholders. The social pillar of ESG encompasses critical areas such as diversity and inclusion, community engagement, human rights, labour practices and overall employee well-being. While often discussed as a distinct component, the social pillar is inherently interconnected with both the environmental and governance dimensions.
For instance, environmental initiatives frequently involve community participation and equitable access to resources, while strong governance frameworks are essential for upholding ethical labour standards and inclusive