The 'S' in ESG: Cost-of-living crisis pushing the human aspects of ESG to the fore

The cost-of-living crisis we are in today - with inflation in all aspects of life and a tight labour market and post pandemic behaviours changing people's ways of living - has put an increased emphasis on the social aspects for investors. Yet, the social aspect to ESG is hard to define. This has been illustrated by the EU social taxonomy where differences of opinion have led to a delayed timeline for implementation. Indeed, it seems highly unlikely it will be mandated before 2024. While this may be surprising, going further afield to Asia or the United States, there are even further diff...