Designing for a better world

The growing importance of ESG considerations in CRE

- SUMIT RAKSHIT

In recent years, Environmental, Social, and Governance (ESG) considerations in real estate have become a focal point for businesses worldwide. The increasing significance of ESG is rooted in the recognition that businesses have a duty to positively impact society and the environment beyond their financial goals. By integrating ESG considerations into their business practices, companies can contribute to a better world by reducing carbon emissions, advancing social equity, and implementing good governance practices. Additionally, ESG has gained notable prominence as stakeholders, including consumers, employees, and investors, seek out businesses that prioritise sustainability, social responsibility, and ethical practices. Furthermore, a lot of designers and project management firms are making efforts to incorporate ESG components into their assignments.

E:

The designers and project management companies are at the forefront of embracing the “E” component of Environmental, Social, and Governance (ESG), which centres on environmental sustainability. These organisations are making substantial progress in lessening the environmental impact of their projects by integrating energy-efficient features, sustainable materials, water conservation systems, smart buildings, and green spaces.