Which of the following is NOT a focus of the Social pillar in ESG?

The Social pillar of ESG primarily addresses the relationship between a company and its various stakeholders, including employees, customers, suppliers, and the communities in which it operates. Key aspects of this pillar include human rights, labor practices, health and safety, and community impact.

Labour practices are vital as they encompass how a company manages its workforce, promoting fair wages, non-discrimination, and respect for rights. Health and safety focus on ensuring a safe working environment, protecting employees from workplace hazards. Community impact assesses how a company contributes positively or negatively to the communities where it operates, including effects on local development and social cohesion.

Transparency, while an important aspect of corporate governance and overall ESG practices, fits more under the Governance pillar than the Social pillar. Governance focuses on how a company is directed and controlled, emphasizing accountability, stakeholder engagement, and ethical behavior in decision-making rather than the social interactions and responsibilities related to employees and communities. Hence, transparency does not directly relate to the core social aspects of ESG, making it the correct answer in this context.