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CS Professional · Environmental, Social and Governance (ESG) - Principles and Practice · Integrated Reporting Framework, Global Reporting Initiative Framework and Business Responsibility and Sustainability Reporting

Pragati Foods Ltd's integrated report shows that its trust with farmer cooperatives, licence to operate with local communities, and shared ethical values help it secure produce reliably. Which capital does the IR Framework use to describe these?

These are social and relationship capital. The IR Framework describes this capital as institutions and relationships within and between communities and stakeholders, including shared norms and values, trust and loyalty, and the social licence to operate, which matches the farmer cooperative and community ties described.

  1. ASocial and relationship capitalCorrect
  2. BHuman capital
  3. CNatural capital
  4. DIntellectual capital

Explanation

Social and relationship capital covers institutions and relationships within and between communities, stakeholder groups and other networks, including shared norms, trust and the social licence to operate. Human capital concerns employee competencies, so it is wrong here.

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