Measuring the various social factors that make up a population's lifestyle, health, employment status and location - and comparing those social factors to society in general - helps us calculate the "Social Equity" of a native population.
Typically these social factors are put into context locally (in what's called) Scope I considerations. The employees and customers of a company, entity or organization that are DIRECTLY affected by any one issue - defines their Scope I Social Equity.
Scope II Social Equity takes into consideration the supply chain, related vendors and location of a company's offices and infrastructure. This is what's called "INDIRECT Social Equity."
Finally Scope III Social Equity is defined by the induced, associated Social Equity as applied to a surrounding community or neighborhood.
Social Equity footprint alludes to the offsets or mitigation that companies COULD do to alleviate and establish societal levels of forgiving and healing.
• What is Social Equity?
• How does Social Equity factor into ESG Rating and investing?
We can make Social Equity factors an important aspect of evaluating Companies, Enterprises and Organizations moving forward!
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