Accelerating the S in ESG

Social issues are among the most pressing for companies globally with the impact of the pandemic only serving to highlight their importance. However, the ‘S' of ESG (environmental, social and governance factors) can be more difficult for investors to define and quantify than the ‘E' and ‘G' factors. A lack of consistency and comparability in approaches risks impeding the drive towards more sustainable investments.

Against this background, the IRSG together with KPMG published the report “Accelerating the S in ESG: a roadmap for global progress on social standards.” The report identifies key market trends and challenges that need to be addressed to deliver further progress. It makes recommendations for how public policy, companies and financial markets participants can drive more socially sustainable investment. At its core, the report recommends a global approach to social principles and standards. The IRSG believes that this would ensure better social outcomes and would make global markets more resilient.