ACCA Applied Knowledge · Business and Technology · Sustainable business practices
Which of the following is the best example of the 'social' pillar of sustainability, rather than the economic or environmental pillar?
Providing fair wages, safe working conditions and community investment is the social pillar example. This pillar concerns the wellbeing of employees and communities. Installing solar panels is environmental, and cutting production costs to improve margin is an economic measure.
- AInstalling solar panels to cut the company's energy use
- BProviding fair wages, safe working conditions and community investment in the regions where it operatesCorrect
- CCutting the cost of production to improve gross margin
Explanation
The social pillar concerns people: employees, communities and human rights. Solar panels are an environmental action and cost reduction to improve margin is economic.
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