Possibilities of using Environmental, Social, and Governance (ESG) Framework for Urban Local Governments
May 2021
ESG assessments are an emerging method for measuring the impact on society and sustainability of an investment in an organization. Environmental, Social, and Governance aspects form the three central criteria in ESG frameworks. This research explores the possibilities of using the ESG criteria to evaluate the functional characteristics of Urban Local Bodies - the rationale being that since Municipalities are mandated to operate in the interest of the public good (services such as education, transportation, sanitation etc.) they are logical candidates for ESG assessments in order to identify improvement opportunities.
