There are multiple definitions of social equity as it is a new term; each industry has seemed to take on a different connotation. The following provides for examples of each connotation.
Social equity is the orphaned element of sustainable development. In 1996 the United States President's Council on Sustainable Development defined social equity as "equal opportunity, in a safe and healthy environment." Social equity is the least defined and least understood element of the triad that is sustainable development yet is integral in creating sustainability - balancing economic, environmental and social equity.
Many colleges and universities consider the term social equity as synonymous with social equality. Examples include Shippensburg University, Edinboro University, Slippery Rock University of Pennsylvania, Arizona State College of Public Programs, Indiana University of Pennsylvania and North Carolina State University, among others.
In terms of conservation, "Social Equity implies fair access to livelihood, education, and resources; full participation in the political and cultural life of the Community; and self-determination in meeting Fundamental Needs. As Martin Luther King observed, "where there is injustice for one, there is injustice for all." Social Equity is the cornerstone of Social Capital, which cannot be maintained for a few at the expense of the many. Increased equity results in decreased spending on prisons, security enforcement, welfare, and social services. It also creates new potential markets." "Social equity includes universal fulfillment of the most fundamental human needs along with broad access to meaningful work, while respecting the enormous range of life circumstances and personal goals which may drive people to seek different kinds of livelihood."
Social equity is the perceived value of individual, organization, or brand reputation and following online. This value increases or decreases based on the online buzz and conversations that take place across the various social media channels on the internet which ultimately transcend to the offline world.
The National Academy of Public Administration defines the term as “The fair, just and equitable management of all institutions serving the public directly or by contract; the fair, just and equitable distribution of public services and implementation of public policy; and the commitment to promote fairness, justice, and equity in the formation of public policy.”