Good governance has always been important. Banks and investors have also increasingly focused on the environmental performance. But what about the Factor S in ESG? During the Covid-crisis the issuance of Social Bonds has dramatically increased. Do social factors become more important now? Two corporates, who are active Sustainable Finance users, (ESG-linked products & Social Loan), a banker and a representative of Green Bond Pioneer EIB will discuss the balance of E, S & G in corporate finance.