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The Social Dimension of Sustainable Development: Human Capital Formation, Employment, and Education

Policy Brief Sanchita Chatterjee

This Policy Brief was first published in https://t20ind.org

This Policy Brief explains the concepts and challenges related to the social dimension of sustainable development and the relevance of the Environment, Social and Governance (ESG) framework in this context. This Brief highlights that there is no uniformly accepted definition of either the social dimension of sustainable development or ESG; a few of the G20 countries have been leaders in the adoption of ESG and ESG-like initiatives, but there is a considerable difference between them; ESG could be a useful tool to integrate aspects relevant to the future of work, skill development, education, and the need to create ‘good and better jobs’. The Brief further recommends that the G20 should create a working group to clarify concepts and data needs, adopt action plans and work programmes, organise learning sessions, and explore binding commitments.