ESG in Real Estate

People are beginning to realize that way real estate is planned, developed, and operated post development, can have a significant impact on the environment and the society. From the rehabilitation of public spaces that indirectly attribute value to existing real estate; to affordable social housing and care centres; and an increased environmental focus in investment on new types of eco-friendly or green buildings that are trying to move towards ‘net zero’, this new trend has proven that sustainability has become increasingly vital.

Let us break down the of ESG in the Real Estate and Real Estate Services a bit more – 

Environmental

In the Real Estate Sector, the design guidelines, and operating processes before, during and post construction are being revaluated. Air quality, energy usage, carbon emissions, water conservation, radiation management, waste management, surface hygiene (ATP), environmentally friendly procurement of material & equipment, biodiversity, waste management and afforestation are topics that developers and service providers are trying to address.  

Social

The social aspect of ESG relates topics such as gender, diversity, inclusion, organisational culture, and employee welfare. 

In the real estate sector, social guidelines may refer to such criteria as job creation, gender diversity, the hiring of differently abled staff members, employee health and safety, learning and development programs, procurement from NGOs, employee welfare and engagement, and community welfare.

Governance

Governance in ESG refers specifically to corporate governance. ESG investors place value in the knowledge that management is conducted fairly and in the interest of all the stakeholders, and not just themselves. ESG guidelines for real estate include policies related to environmental, as well as financial discipline and compliance.

At SILA Group, we believe the global trend of sustainability in real estate and facility management is the need of the hour and must be encouraged. As part of our commitment to environmental and social sustainability, we are actively investing in building teams to meet our ESG goals, envisioning and enforcing compliance procedures and up-skilling our on-ground resources towards achieving a more sustainable corporate ecosystem. 

Read more at https://silagroup.co.in/blog/esg-in-real-estate

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Created on Jul 23rd 2021 06:31. Viewed 146 times.

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