Environmental, Social and Governance in Real Estate.
Real Estate ESG continues to gain momentum.
Is your ESG strategy on track?
ESG is, arguably, still a broad term in commercial Real Estate, and likely attracts differing interpretation and expectations.
All Real Estate sectors are becoming more aware of and accountable for their impacts on the environment and society.
Real Estate ESG advice remains fragmented and difficult to execute - Until now.
“The International Sustainability Standards Board draft standards set out the requirements for disclosures over climate and general ESG reporting and are expected to be adopted under UK law by 2024 or 2025.”
Source: KPMG UK CFO Considerations Review, May 2022.
“Real Estate ESG advice remains fragmented and difficult to execute.
Spark-ESG and our Managed Alliance decode ESG and unify advice. ”
“UK Gov targets Carbon Net Zero by 2050”
UK GOV
“Findings show a direct relationship between ESG and business success.”
IPSOS
“ESG is becoming a critical component of investment decisions making.”
ISPOS
DID YOU KNOW?
Real Estate ESG adoption in the UK is being activated by increasing government targets, as well as varying investment mandates and user expectations.
If managed strategically, ESG investment will provide a tangible return.
ESG compliance and morality is an increasing requirement in Real Estate, globally. In the UK, the government have set clear carbon reduction targets for 2030 - just a few years away.
Additionally, Real Estate occupiers and staff expect more, environmentally and socially.
If not embraced, the implications could be significant, such as:
Failing to meet investment and shareholder mandates.
Greatly reduced asset attraction.
Failing to attract or retain talent and customers.
Regulative non-compliance (increasing at pace).
Marketplace disadvantage.
Higher operating and transaction costs.
Reduced social standing.
