Submitted by International WELL Building Institute
In the world of sustainability, the S in ESG (environmental, social, and governance) is often assumed to stand for exactly that. However, experts warn that this common mistake risks overlooking a crucial component: the "social" aspect.
Devan Valenti of the International WELL Building Institute said the sleeping giant of ESG cannot be ignored, especially as the property market increasingly focuses on sustainability.
"One of the realisations investors are having is that there's a better appreciation and understanding of the risks with poor social performance on an ESG perspective," he said.
The International WELL Building Institute (IWBI) is a public benefit corporation and the world’s leading organization focused on deploying people-first places to advance a global culture of health. IWBI mobilizes its community through the administration of the WELL Building Standard (WELL Standard) and WELL ratings and certifications, management of the WELL AP credential, the pursuit of applicable research, the development of educational resources and advocacy for policies that promote health and well-being everywhere. More information on WELL can be found here.
IWBI is a participant of the United Nations Global Compact, the world’s largest corporate citizenship initiative, and helps companies advance the UN Sustainable Development Goals (SDGs) through the use of WELL.
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