In the workplace, this amounts to promoting equal opportunities for men and women, maintaining fair levels of pay, embracing diversity, and placing close attention to the impact of the company’s operations on its local population. A company that manages social issues well and takes the interests of its various local stakeholders into account, will obtain a ‘social license to operate’, meaning it wins acceptance or approval by local communities and stakeholders. This will facilitate the obtaining of government permits and ‘social permission’ to conduct its business. A company that does not address social issues risks reputational damage, increased costs and lawsuits.
In the wider world, social sustainability refers to the upkeep of human rights and the stability of a society within its governmental system. Research by the RobecoSAM Country ESG Ranking (CER) shows that democracies have a much higher level of social sustainability than countries with autocratic rulers, and western nations also generally rank higher than emerging markets.
The CER gives a 30% weighting to social issues. Of this weighting, one quarter (7.5%) focuses on the issue of ageing and its attendant problem of the ability to pay pensions, and another quarter on the capacity for social unrest. While countries such as Saudi Arabia habitually score poorly for social issues, large democracies can also face unrest, as seen when the US scored lower in 2020 due to riots over police killings of black people.
The concept of reducing inequality is also considerd to be one of three megatrends shaping the world, along with climate change and cybersecurity. These were discussed in Robeco’s 2018 Big Book of Sustainable Investing, which attempted to quantify the economic impact of rising inequality. A 2017 IMF paper found that the inequality above a certain level starts to have a negative impact on economic development, reducing GDP by up to 0.35 percentage points a year. Poor social cohesion has also been blamed for rising right-wing populism as those who feel they have been marginalized seek redress.
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3) any person who acquires the units [in a collective investment scheme] as principal if the offer is on terms that the units may only be required at a consideration of not less than $200,000 (or its equivalent in a foreign currency) for each transaction, whether such amount is to be paid for in cash or by exchange of units in a collective investment scheme, securities, securities-based derivatives contracts or other assets, and if the following condition is satisfied: (i) the offer is not accompanied by an advertisement making an offer or calling attention to the offer or intended offer; (ii) no selling or promotional expenses are paid or incurred in connection with the offer other than those incurred for administrative or professional services, or by way of commission or fee for services rendered by any of the persons specified in section 302B(1)(d)(i) to (vi) of the SFA; and (iii) no prospectus in respect of the offer has been registered by the Authority or, where a prospectus has been registered (A) the prospectus has eAccxpired pursuant to section 299 of the SFA; or (B) the person making the offer has before making the offer 1. informed the Authority by notice in writing of its intent to make the offer in reliance on the exemption under this subsection; and 2. taken reasonable steps to inform in writing the person to whom the offer is made that the offer is made in reliance on the exemption under this subsection.
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2 Terms and Conditions
You acknowledge that you have read these Terms and Conditions (“Terms”) prior to accessing the website located at www.robeco.com/sg (“Website”) and you agree to be bound by the Terms. If you do not agree to all of the Terms, you are not an authorised user and you should not use the Website. The Website is owned by Robeco Singapore Private Limited (company registration number: UEN. 201541306Z), which is licensed by the Monetary Authority of Singapore (“MAS”) pursuant to the Securities and Futures Act (Cap.289) (“SFA”) of Singapore, and is managed by Robeco Singapore Private Limited and/or its affiliates (collectively, as “Robeco”). The Website is intended for and should be accessed by institutional investors or accredited investors (as defined under Section 4A of the SFA) of Singapore. The Website is not directed to, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would subject the Robeco to any registration or licensing requirement within such jurisdiction. It is your responsibility to observe all applicable laws, rules and regulations of any relevant jurisdiction. The content contained in the Website is owned by Robeco and/or its information providers and is protected by applicable copyrights, trademarks, service marks, and/or other intellectual property rights. You may not copy, distribute, modify, post, frame or link the Website, including any text, graphics, video, audio, software code, user interface, design or logos. You may not distribute, modify, transmit, reuse, repost, or use the content of the Website for public or commercial use, including all text, images, audio and/or video. Robeco may terminate your access to the Website for any reason, without prior notice. Neither Robeco, nor any of its associates, nor any director, officer or employee accepts any liability whatsoever for any loss arising directly or indirectly from the access of the Website. You agree to indemnity and hold Robeco, its associates, directors, officers or employees harmless against any and all claims, losses, liability, costs and expenses arising from your use of the Website due to violation of the Terms. Robeco reserves the right to change, modify, add or remove any parts of the Terms at any time and for any reason. The Terms shall deemed to be effective immediately upon posting. The Terms shall be governed by, and shall be construed in accordance with, the law of Singapore.
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