ESG complete: The “S” and “G” in ESG are no longer optional
- March 1, 2023: Vol. 15, Number 3

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ESG complete: The “S” and “G” in ESG are no longer optional

by Benjamin Cole

Certainly the “E” in environmental, social and governance, or ESG, gets the lion’s share of attention, both as the industry responds to global climate change and because energy and water consumption, or even interior-space air quality, are measurable. Results can be measured and proven and targets struck.

This has arguably led to the “S” and “G”, social and governance, being treated as backseat companions — certainly worthy, but ignored in favour of eyes forwards on the road. It’s understandable, given the concrete gains involved in saving resources and improving building health.

Still, industry denizens know the “S” and “G” are also important, and whether for better or worse, investors, cities and governments are asking private enterprise to aspire to social goals and responsibilities.

Modern investors, governments are “S” minded

“From a regulatory perspective, more and more policymakers are looking at the

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