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Developers’ Next Big Challenge: Finding A Way To Measure Social Impact Of Buildings

A focus on incorporating Environmental, Social and Governance best practices, or ESG, into development has sharpened in recent years. But tracking the social element, calculating output and returns, is complex — and becoming more crucial as investor interest and funding grows.

“We don’t have good measures for ‘S’ right now. You know, for E, we talk about carbon, and that’s like a unit and people understand, but for S, what is it?” Head of Sidewalk Urban Development Alison Novak said at Bisnow’s Sustainable Development and ESG Investing event in New York City last week.


Photo by Joshua Hoehne on Unsplash

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