Social factors in ESG remain underweighted even as political polarisation, inequality and social instability become central drivers of asset risk and return. In this PanEuro Group video, the team expands on the PanEuro article “The Neglected S in ESG: Why Social Factors Demand Equal Footing with Environmental and Governance Priorities,” to show why social outcomes should be treated as a major asset class rather than a soft, secondary concern.​ Building on PanEuro’s written work, the discussion links European regulatory trends, institutional investor behaviour and macro‑political risk to demonstrate how social cohesion, institutional trust and distributional stability feed directly into valuations, risk premia and long‑term portfolio resilience. The video is aimed at asset owners, asset managers and policymakers who need to translate system‑level social risk into concrete investment and policy decisions.​