I would say that each investor chooses which area to focus on. Some investors may have put more risk management on environmental, others may have put it more on social or, over the years, on governance.
For example, the Canadian Coalition for Good Governance started, over 20 years ago, working on the governance issues in Canada, which have largely improved.
It would be hard for me to speak as an industry. Each investor would put their own weight on those factors.