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Covid and its signature lockdowns have forced us to re-evaluate workspaces, and as climate disasters occur more often, we will need to also re-evaluate how these workspaces are built and operated.
ESG Is Now An Expectation
Per CBRE’s 2021 Global Investor Intentions Survey, 60% of respondents said they have already adopted environment, sustainability and governance (ESG) criteria as part of their investment strategies.And that's because with rougher weather and increased energy consumption, a property’s longevity and its carbon footprint are becoming important factors in driving investor interest and occupancy rates.
Major ESG Trends In Commercial Real Estate
🍀 Green Leases: Green leases financially incentivize occupiers/tenants to take part in energy conservation, waste reduction and other sustainable actions. And green leases are growing in popularity.
Per a recent JLL study, 34% of global occupants already have green lease clauses, while an additional 40% plan to sign them by 2025.
🍀 Energy Efficiency: High energy consumption by office buildings is no longer cool with occupiers.
🍀 Responsible Investment: Meeting carbon footprint benchmarks is becoming increasingly necessary for property owners to secure investments and for investors to attract occupiers.
🍀 Occupier Health And Wellness: The social implementation of an ESG strategy can range from refining employee wellness initiatives to creating employee safety and training programs.