Responsible financing and investment: identification, development, and assessment of Environmental, Social, and Governance (ESG) metrics
Haroon R. Mian, Kasun Hewage, Rehan Sadiq
Abstract
Globally, the Environmental, Social, and Governance (ESG) movement is gaining significant attention. The existing frameworks need to be more standardized and applicable to socio-economic dynamics. A three-phased approach was developed comprised of a comprehensive review and a research survey involving 62 experts. The results showed that the environmental component is ≈5–14 % more important than the social and governance components. The design, operational life, and material sourcing are relatively more important (i.e., ≈14–20 %) than the project type. Risks related to water and air pollution are ≈34–38 % more important than solid wastes. This research offers insights into ESG criteria and metrics.
Topics & Concepts
Corporate governanceIdentification (biology)BusinessInvestment (military)Environmental governanceEnvironmental planningEnvironmental resource managementEnvironmental economicsFinancePolitical scienceEnvironmental scienceEconomicsPoliticsBiologyLawBotanySustainable Building Design and AssessmentSustainable Development and Environmental PolicyConstruction Project Management and Performance