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[5] ¬ Focus measurement on engagement, “conversation” and “communities”, not just “coverage” or vanity metrics [6] Measurement and evaluation should be transparent, consistent and valid. [5] ¬ Ensure integrity, honesty, openness, and ethical practices.
Indicators selection- The indicators is selected of which measurement has to be done. This forms the metric for this system whose analysis is done in the further steps. Assessment and Measurement- Proper assessing tools are used and tests or experiments are performed for the pre-defined indicators to give a value for the indicators measurement.
Corporate Governance in ESG includes issues from the Board of Director's view, Governance Lens watching over Corporate Behavior of the CEO, C-Suite, and employees at large includes measuring the Business ethics, anti-competitive practices, corruption, tax and providing accounting transparency for stakeholders.
Intead, different disciplines and international organizations have offered measures or indicators of how to measure the concept. While sustainability indicators, indices and reporting systems gained growing popularity in both the public and private sectors, their effectiveness in influencing actual policy and practices often remains limited.
In its first iteration, Higg Index metrics focus on environmental factors [example needed] in the apparel supply chain. As of 2013, Metrics pertaining to footwear as well as labor and social sustainability were planned for a future release. [16] On 11 December 2013, an updated version of the Higg Index was released. [4]
Ethical leadership is leadership that is directed by respect for ethical beliefs and values and for the dignity and rights of others. It is thus related to concepts such as trust, honesty, consideration, charisma, and fairness. [1] [2] Ethics is concerned with the kinds of values and morals an individual or a society finds desirable or appropriate.
Moral progress refers to improvement in concepts such as moral beliefs and practices experienced on a societal scale. [1] Michele Moody-Adams noted that "moral progress in belief involves deepening our grasp of existing moral concepts, while moral progress in practices involves realizing deepened moral understandings in behavior or social institutions".
Campbell's law is an adage developed by Donald T. Campbell, a psychologist and social scientist who often wrote about research methodology, which states: . The more any quantitative social indicator is used for social decision-making, the more subject it will be to corruption pressures and the more apt it will be to distort and corrupt the social processes it is intended to monitor.