The "S" in ESG, which stands for Social, is a crucial aspect of the Environmental, Social and Governance framework in the GTA real estate industry. Despite significant advancements in defining and evaluating the Environmental component of ESG, there is still a lack of clear guidelines for the Social aspect. However, as Toronto is known for its diverse population, the city has a unique opportunity to set a global standard for addressing social issues in the real estate industry and play a significant role in shaping the future of urban development.

Toronto's diverse population and reputation as one of the world's most inclusive cities present a unique opportunity for the GTA real estate industry to set a global standard for addressing social issues in the built environment. With a wide range of cultures, lifestyles, and socioeconomic backgrounds, Toronto has the potential to lead the way in creating real estate developments that are inclusive, accessible, and meet the needs of a diverse range of communities. This can involve designing buildings and spaces that cater to different age groups, cultures, abilities, and lifestyles. Additionally, the real estate industry in Toronto can take a proactive approach to address social issues such as affordable housing, community development, and equitable access to public spaces. By demonstrating a commitment to social responsibility, the industry can establish Toronto as a global leader in responsible real estate development and set a high bar for the rest of the world to follow.