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What Property Developers need to know about ESG

What Property Developers need to know about ESG

It is fair to say every company is at its own phase in the journey toward a more sustainable, responsible, and equitable future. In today’s article, we want to discuss an environmental, social and governance (ESG) strategy defined as a business model that emphasises social responsibility. Here is the thing, all businesses seek profits, but today's investors and shareholders want to revolutionise businesses' efforts to make the world a better place as they generate those profits.


What does ESG mean?

ESG reflects the negative externalities caused by a business or organisation concerning the environment, society, and corporate governance. In current affairs, rightly or wrongly, we must refer to the economy in order to go an article. Although we wholeheartedly believe that it will come to pass, in the interim period, we want to shine a light on subject matters that warrant a listening ear and discuss the issues behind the surging interest in ESG. 


Why does it matter? 

Today, the buzzword "green" is rising among institutional investors, property companies, and funds. This includes new targets for greenhouse gas emissions and new requirements for supply chain management, accompanied by a growing emphasis on social equity and justice. Over and above, companies, funds and individual assets are increasingly being asked to back up their aspirations with real-world measured performance. We endorse this due to the significant importance of increasing the focus on the environmental aspect. Globally, companies are committing to becoming carbon neutral through sustainable programs, and we are united with this initiative.

Let's call a spade a spade. The Real Estate industry is the largest single sector in the world. The little thing we like to call our bread and butter. Globally, real estate has been valued at over USD 280 trillion — a more valuable asset class than all worldwide stocks and securitised debt combined and represents the largest store of wealth at three and a half times the total global GDP. With that in mind, it is no wonder green building is a market-based movement dedicated to a positive transformation of our global industry. Its impact is reflected in thousands of certified assets that are energy-efficient, use clean energy, and promote occupant health.


Here to help developers with their ESG strategies.

Developers are progressively looking at how they can solicit ESG principles to their business strategies whilst ensuring they meet the needs of their clients and their requirements in the future. Many developers feel they need help to do it and wish to seek assistance, something we are happy to provide. Our pragmatic services and integrated expertise make us well-placed to bring awareness and provide strategic support to our property developer's drive. We will ensure that their entire business model maximises the ROI of their sustainability investments.  


How do we do that?

While generally harder to quantify, the social impact element of ESG is only sometimes on the client's agenda. On the other spectrum, developers want to excel at providing amenities for their clients and delivering facilities that can be used for social benefit to the local community. We are here to help you with a well-balanced approach. 

We can provide the builders with insight and advice from past and current experience with cutting-edge development projects, enabling them to make informed decisions regarding their developments and ESG agenda. 

We can help them embed sustainability in every facet of their strategy and operations to address everything from energy and emissions to investments and due diligence. Our experience shows that vision and pragmatism go hand in hand. 


What's next?

Get in touch with us today to discuss the next phase of your business strategy and stay on the right side of ESG.


Photo by Ricardo Gomez Angel on Unsplash