Introduction to ESG: How can municipalities measure and enhance their social and environmental impact?

This unit explores ESG (Environmental, Social, and Governance factors) as a key framework for assessing non-financial impacts like climate action, social equity, and ethical governance. Originally for the private sector, ESG also applies to public institutions, promoting transparency and accountability.

In the unit the participants will learn about the EU’s approach to ESG through the brief introduction to Corporate Sustainability Reporting Directive (CSRD), European Sustainability Reporting Standards (ESRS), and the EU taxonomy. These frameworks were introduced to ensure comparability of ESG information and prevent greenwashing. Investors, public institutions, and citizens use ESG data to assess risks, align with sustainability goals, and make informed choices.

Participants will also learn about how municipalities can boost their impact through green procurement, sustainability policies, creative challenges, and by adopting ESG principles in their operations, inspiring positive change and engaging communities.

These topics are important for each municipality and social enterprises can be extremely instrumental in achieving progress in them.