Social Materiality

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Term or phrase Social Materiality
Status wired
Notes Term first coined by human rights expert Liz Umlas.
Related terms
Keywords human rights

Resource description The Murninghan Post Guest Contributor Liz Umlas, writing on 8 November 2010

The TakeAway: Social materiality gains traction as the role of business in advancing human rights attracts wider support.

After years of neglect, companies now increasingly consider their impacts on human rights as material issues, with clear impacts on the bottom line. Social materiality, the notion coined by human rights expert Liz Umlas here on MurnPost, takes the next step of considering corporate impacts on stakeholders’ well-being, beyond the narrow lens of financial risk—and beyond the existing community of social investors. These perspectives showed up repeatedly at the Business for Social Responsibility Conference last week, where business, academic, and NGO leaders cited human rights as a top priority for the coming year. And business respect for human rights will be codified next year by the United Nations within a framework of guiding principles developed through an ambitious worldwide consultation process.

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