Social Pillar in ESG
What does the S in ESG stand for and what does it focuses on?
Social, focuses on people, equity, and community well-being in business decisions.
This type of housing, aimed at lower-income populations, helps correct historical disparities in access to shelter.
What is affordable housing?
This Social Pillar strategy addresses the gap between housing demand and affordability for low- and moderate-income families.
What is developing affordable housing?
A real estate company that values employee diversity, equity, and inclusion is embracing this internal Social Pillar principle.
What is organizational fairness?
This real estate strategy involves working with neighborhood residents to ensure new developments align with their needs.
What is community engagement?
Closing racial and economic gaps in home financing requires this practice that ensures all groups get equal access to credit.
What is fair lending?
This process involves seeking out feedback and participation from locals affected by a real estate project.
What is stakeholder or community engagement?
Training programs, inclusive hiring, and equitable promotions are all examples of this Social Pillar approach inside companies.
What are DEI (Diversity, Equity, and Inclusion) initiatives?
This design feature, which supports health, inclusion, and sustainability, includes paths, parks, and proximity to services.
What are walkable neighborhoods with green amenities?
One major business benefit of focusing on the Social Pillar is this intangible asset that improves community and stakeholder relationships.
What is trust?
This policy ensures that lending institutions offer equal access to mortgages and loans, regardless of race or income.
What is fair lending practice
Companies that include community needs and social metrics in their ESG reports are demonstrating this important practice.
What is social impact disclosure (or transparency)?
This discriminatory practice in real estate, now illegal, led to decades of racial and economic segregation.
What is redlining?
This often-overlooked ESG pillar can be the key to driving meaningful change through real estate.
What is the Social Pillar?
This urban design principle supports inclusivity by providing access to public spaces, shops, and services within walking distance.
What is mixed-use, walkable development?
The Social Pillar helps reduce this multi-generational issue by promoting equitable access to jobs, housing, and education.
What is the wealth gap ?
This internal practice ensures that a real estate organization reflects and supports the diverse communities it serves.
What is fostering fairness within organizations (or DEI practices)?
what is the term called for broader outcome of aligning with social ESG goals that reflects both business resilience and positive societal transformation.
What is long-term success for the industry
This long-term benefit results when real estate projects align with ESG’s Social Pillar and support community needs.
What is social resilience or sustainable community development?
When a developer consults underserved communities before building and shares decision-making power, this approach is being used.
What is participatory development?