Cara Imbrailo writes for Environmental Finance on the growing importance of social issues for commercial real estate
Cara Imbrailo, Partner, writes an article for Environmental Finance on the increasing importance of the ‘S’ in ESG for the commercial real estate sector.
In the article, she explains that much of the focus has, to date, been on the ‘E’, or environmental aspects (and that this is unsurprising, in light of the oft-quoted statistic that buildings are responsible for 40% of global emissions). But now, in the wake of Covid-19, many investors and occupiers are considering how real estate can be used to achieve positive social change.
This in turn can bring benefits to businesses: embedding social value can reduce planning risk for new developments, for example, as well as attracting the best employees and tenants, and even unlocking new financing options (such as sustianability-linked loans).
Read the full article in Environmental Finance here (paywalled).