D6: Specific Social Objectives
Maximum Score
1.5 points
Pillar
Governance
Topic
Management & Policy
Does the entity have specific social objectives?
Assessment Instructions
Intent: What is the purpose of this indicator?
Disclosing specific social objectives informs investors and other stakeholders of the entity's efforts to integrate sustainability into its corporate strategy and contribute to positive social impacts.
Input: How do I complete this indicator?
Select yes or no. If yes, disclose where the online information can be found.
A disclosure on specific social objectives should, at a minimum, include the following:
Clear business aspirations that positively impact society.
The stated objective will not be awarded points if it refers broadly to sustainability and does not cover a specific social topic.
Examples can include, but are not limited to, organization of charitable/local community events, improving employee satisfaction, and supporting local employment opportunities.
Best practice disclosures on social objectives often contain the following elements:
Clear objectives and targets relating to specific projects or topics. Progress updates against these targets.
Time-bound elements around the objectives.
Explanation regarding the extent of integration between environmental and financial objectives
Explanation of the extent to which integration of social objectives with business strategy and/or financial objectives fosters further alignment.
Terminology
Disclosure
The act of making information or data readily accessible and available to all interested individuals and institutions. Disclosure does not need to be public, but must be external to the reporting entity and cannot be an internal and/or ad hoc communication within the participating entity.
Social Objectives
Overall goals arising from policies that an entity sets itself to achieve regarding relevant social issues, such as customer satisfaction, employee engagement, or stakeholder relations. These objectives should be quantifiable and correlated with the entity's ambitions.
Measurable
elate to quantifiable goals or strategic developments.
Time-bound
An objective with reference to a time frame allowing for monitoring/progression towards the goal.
Validation: What evidence is required?
Evidence: URL. Ensure that the hyperlink is not outdated and the relevant page is directly accessible. It is possible to provide multiple hyperlinks.
Scoring
Scoring: How does GRESB score this indicator?
The answer options are validated by using the hyperlink(s) collected by GRESB or provided by the constituent. Points are contingent upon the validity of the disclosure.
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