While there is overlap between social sustainability practices and the social pillar in ESG, ESG encompasses a wider range of environmental, social, and governance factors, and it's often used for reporting and benchmarking against industry standards. Social sustainability practices are more specific actions taken by a company to contribute positively to society, which may or may not be part of a broader ESG strategy. In summary, social sustainability practices can be seen as a subset of the social pillar in ESG, but they are not identical, as ESG includes a broader set of criteria and is often used for evaluation and reporting by investors and other stakeholders.

Dear Sharul Naim Sallehuddin

Yes, social sustainability outcomes and the social pillar of ESG are very similar. Both concepts focus on the social impacts of a business or organization, and on promoting positive outcomes for people and communities.

Social sustainability practices and the social pillar in ESG (Environmental, Social, Governance) are related but distinct concepts. Social sustainability practices focus on a company's efforts to support and benefit society, often through ethical labor practices, community engagement, and philanthropy. The social pillar in ESG, on the other hand, assesses how well a company manages its relationships with stakeholders, including employees, customers, and communities, addressing issues like diversity, labor rights, and social responsibility. While both emphasize social aspects, social sustainability practices are more specific to a company's actions, whereas the social pillar in ESG measures overall social impact and risk management.