Sustainability & ESG
The Importance of Sustainability
Growing stakeholder pressures and the intensifying physical consequences of a changing climate will further accelerate related shifts in the real estate industry, influencing tenants’ and investors’ demands, asset valuations, and changing fundamental approaches to developing and operating real estate. These shifts will simultaneously unlock new avenues of competitive differentiation, value creation, and business resiliency.
Given the consumer-driven nature of retail real estate and its overall impact on global markets, the sector is at the forefront of these dynamics and will be a leading catalyst for establishing ESG best-practices across all real estate sectors.
“Climate change and ESG considerations are increasingly defining the state of commercial real estate and will serve as secular trends for the space. Effectively strategizing for the climate transition now will unveil new dimensions of opportunity and value going forward. We are excited about our shared aspiration with clients and stakeholders to drive change towards a more sustainable future.”
Lukas Ceseña, Director of Sustainability