The “E” in ESG is fairly well understood in terms of what environmental stewardship entails and how to measure it. Not only is it critical to improve operational efficiency of buildings to save on utility spend, but with the building sector being responsible for 40% of all emissions, there is a heightened focus on reducing the industry’s carbon footprint.
From architects to developers to real estate investors, we have seen an array of environmental commitments coming out of the sector around such factors as:
- Net zero targets and other emissions reduction goals
- Electrification
- Renewable energy generation/ procurement
- Physical and transition risk assessments; measures to hedge the economic costs of climate change
Although the industry’s efforts around “E” remain pertinent and meaningful, Harrison Street has set specific environmental goals, including a 2025 goal of 70% reduction in carbon emissions over its 2020 baseline. However, the “E” is only part of the story. For example, a net-zero, climate-resilient building is only an empty shell if it fails to consider the needs of its occupants.
You can now read the thought leadership at the link below
Supporting documents
Click link to download and view these filesUnleashing the power of the “S” in ESG
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