Posts Tagged ‘Corporate Social Responsibility’

ESG Economics and Measurement of Being Socially Responsible


By: Jeff Liautaud on October 25, 2024 | Filed in: CSR

Summary: The ESG economics of S and ESG measurement of S, such as Corporate Social Responsibility (CSR) refers to sustainability strategies businesses employ to ensure that the company is carried out ethically. According to Thomson Reuters on 11/21/22, “How corporations measure their social impact — the “S” in ESG — can greatly influence how they address the well-being of their stakeholders.” Loquate measures wellbeing and community directly by 4 critical tests. Each test identifies perception of members. The overwhelming evidence is this.  Wellbeing comes from Smart® habits that satisfy innate needs and build community. Helping organizations be socially responsible is the principle business of Loquate.org. The Loquate Turnkey is a universal opportunity for its Sponsor. 

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Loquate

Helping organizations be socially responsible

The Loquate Turnkey is a fundraising opportunity for its Sponsors and their stakeholders.  If the Sponsor is a charity, church, educator or similar organization, the Loquate turnkey would be used more like a fundraising opportunity for the organization while building community. ESG social responsibility is fulfilled in the social impact of the Loquate Turnkey.

If the Loquate Turnkey is used by a for profit corporation like a business, a twofold opportunity exists: brand enhancement and charitable outreach on a break even basis.  This means the ESG economics of S on a time horizon of three years could involve payback of initial investment.  Thereafter the ESG economics of S benefits go to the participating community outreach.

ESG Economics and Measurement of Being Socially Responsible works like this. ESG Measurement of S using the Loquate Turnkey measures wellbeing and community directly, not things like diversity, income equality, workplace injury rates, philanthropy, and labor practices of suppliers. Rather the ESG Measurement of S with the Loquate Turnkey is an overlay on things like diversity, income equality, workplace injury rates, philanthropy, and labor practices of suppliers. The Turnkey overlay is a robust missing component with huge social impact. What greater Corporate Social Responsibility (CSR) is there than satisfying innate needs?

First a Corporation like a business would benefit by adding the social impact of satisfying innate needs. ESG Measurement of S measures wellbeing and community. The ESG Economics of S by adding the Turnkey overlay is shown below under the following assumptions:

  1. Cost to enroll is $200 or whatever the participant can afford. All services provided to employees are on employees’ own time not at work.
  2. 1650 employees at one location. Results are for that location. Other locations may show similar results. Per participant $100 cost from Corporation becomes an initial Corporation outlay.
  3. 500 non employee stakeholder participants come from the community, including friends of participants. Per participant $100 cost from Corporation also becomes an initial Corporation outlay.
  4. Small groups are formed called Smart® groups of 4-8 participants. Smart® is a registered trademark of Loquate in International Class 045.
  5. Partcipants learn our Smart® process to satisfy innate needs. Meet by Zoom live with a peer mentor for three 2 hour sessions. Makes where you work, a best place to work. Makes where you live, a best place to live.
  6. The average cost per participant after Loquate, a charity, discounts its services for those who are unable to afford initial participant outlay, even with the $100 Corporation outlay, is $175.
  7. It’s a widely known problem-measuring an organization’s ESG Social Component. Solution-Loquate’s gold standard INDEX measures wellbeing and sense of community at 4 points through the Turnkey package. Measuring  socially responsible organizations is solved and comes free with the Turnkey package because it satisfies innate needs in “unity for all.”
  8. In the second and third years, all training is volunteer on their own time, never on work paid time.
    1. The corporation receives $44,625, which is equivalent to its total Corporation outlay to date ended third year, for a breakeven.
    2. Loquate makes each Smart® group autonomous with its own defining outreach to make the world a better place to live. The outreach and trainers receive $217,875 to be split as the Organization so decides.
    3. Loquate a charity for peace receives $86,375.

 

If you are not a business, but are a charity or organization like a University or Church Congregation you would benefit by adding the social impact of satisfying innate needs. ESG Measurement of S measures wellbeing and community. The ESG Economics of S by adding the Turnkey overlay is shown below under the following assumptions:

  1. Cost to enroll is $200 or whatever the participant can afford. All services provided to employees are on employees’ own time not at work.
  2. 300 employees at one location. Results are for that location. Other locations may show similar results. Per participant $100 cost from Organization becomes an initial Organization outlay.
  3. 1000 non employee stakeholder participants come from the community, including friends of participants. Per participant $100 cost from the Organization also becomes an initial Organization outlay.
  4. Small groups are formed called Smart® groups of 4-8 participants. Smart® is a registered trademark of Loquate in International Class 045.
  5. The average cost per participant after Loquate, a charity, discounts its services for those who are unable to afford initial participant outlay, even with the $100 Corporation outlay, is $175.
  6. In the second and third years, all training is volunteer on their own time, never on work paid time. Results for all 3 years combined.
    1. The Organization receives $104,438.
    2. Loquate makes each Smart® group autonomous with its own defining outreach to make the world a better place to live. The outreach and trainers receive $131,250 to be split as the Organization so decides.
    3. Loquate by building wellbeing and community is a charity for peace and receives $86,375.

Return to website or if you want more information for your organization, contact Jeff Liautaud founder of Loquate at jeff@loquate.tv or schedule a meeting using our 1 on 1 Meeting Signup. At the scheduled time call me at 773-621-0863.