The rise of ESG in real estate: How digitising buildings can decarbonise the built environment

The rise of ESG in real estate: How digitising buildings can decarbonise the built environment

By DEB NOLLER | The Business Times | July 21, 2022

Sustainability has been a focal point of businesses for more than a decade, but companies often consider it as a nice-to­ have measure, and for years it did not fos­ter any major change to business practices.

The real estate industry, in particular, has been trying to incorporate a more holi­stic approach around environmental, so­cial, and governance (ESG) factors. The im­pacts of climate change have already influ­enced real estate markets at a global scale, with 65 percent of investors expressing their motive for considering ESG issues to help manage investment risks, as 35 percent of real estate investment trust's 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 percent or more.

Across the board, for developers and in­vestors, this trend creates a clear business case, there is heightened financial oppor­tunity from asset value of sustainable buildings. Committing to action on sustainability across all built assets makes financial sense.

Read the news article here.

PUBLISHED
July 21, 2022
The rise of ESG in real estate: How digitising buildings can decarbonise the built environment
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