Social capital

The gap between the emphasis on these two aspects is clearly evident in the numbers. According to the ‘ESG Survey 2023’ by Deutsche Bank Wealth Management, environmental issues are considered the pillar that deserves the most attention (according to 43 pct of investors), while the social (‘S’) area is considered as the most important by only 25 pct of respondents. What could be the reason for the lower evaluation given to the social sphere? One explanation could be the mandatory climate targets that have been imposed on organisations, prompting them to make environmental concerns their given top priority; or, it could be down to the difficulty involved in measuring the effectiveness of social activities. However, this does not mean that they don’t need to be given equal weight. It would be an advantage if social initiatives took a more comprehensive form than participation in individual projects – such as, for example, being linked to International V