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By DEB NOLLER | The Edge Singapore | July 22, 2022
Sustainability has been a focal point of businesses for more than a decade, but often companies consider it as a nice-to-have measure and for years it did not foster any major change in business practices.
The real estate industry in particular has been trying to incorporate a more holistic approach to environmental, social and governance (ESG). The impacts of climate change have already influenced real estate markets on a global scale, with 65% of investors expressing their motive for considering ESG issues to help manage investment risks, as 35% of Real Estate Investment Trusts’ (REITs) properties are exposed to climate hazards.
In fact, the World Green Building Trends report has shown that about two-thirds of owners and developers believe that green building will increase a new building’s asset value by 6% or more.
Across the board, for developers and investors, this trend creates a clear business case, there is heightened financial opportunity from the asset value of sustainable buildings. Committing to action on sustainability across all built assets makes financial sense.
Read the full news article here.
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