The ‘S’ in ESG may be harder to define or measure than the other two areas that the expression encompasses and it may be the “softest” but it is also one of the most important aspects covered according to Dirk Kadell, regional head of PwC Germany.
Not only does it span community, human resources and health & safety aspects of buildings, but it also relates to a building’s surroundings and flexibility, he explained to Real Asset Insight’s Richards Betts.
The EU taxonomy does help because it defines requirements and provides terms for measurement. “And as we say, what gets measured gets improved,” Kadell said.
Click on the video above to watch the full interview or listen to the podcast below.