Social and Governance

What is social and governance?

Today's consumer is passionate to know about how the raw materials are extracted and processed, and how goods are manufactured and distributed. Last but not least, how companies protect human rights can be an important part of their buying decision. Further, customers are keen to know how companies maximise opportunities to refurbish, reuse and recycle the used products throughout the supply chain. All operational decisions in an organisation are contributing to the societal and environmental impacts on our planet.Thus, an organisation’s ethical and transparent business operations will contribute towards social wellbeing.

Organisations need to strive hard to externally communicate on the working conditions, health and safety, gender gap and remuneration of the employees (workforce) and sustainability performance to all stakeholders. 

What is a socially responsible business?

A socially responsible business integrates all the aspects of social and environmental performance into the organisation’s decision-making process and considers stakeholders' expectations. This integration strengthens the bottom line of business which rewires the success of socially responsible business with the community’s success at large.

The objective of corporate social responsibility is to contribute to an overall sustainable development. It recognizes the need to ensure healthy ecosystems, social equity and good organizational governance and that consumers, workers and the environment all benefit when companies follow the highest standards.

Corporate sustainability practices are especially important today, as consumers and investors are more concerned than ever about social and environmental issues.

our social and governance services

Social and governance services from TÜV SÜD will help you fulfil your social and environmental commitments to internationally recognised standards and best practices. TÜV SÜD provides a comprehensive set of assessment services to analyse measured impacts and manage the engagements across your value chain. Further, we assist you to integrate and communicate socially responsible business according to international standards.