As President Biden signs sweeping climate change executive orders, the commercial real estate industry is also ramping up the conversation around Environmental, Social, and Governance (ESG). Just this month, at the virtual MBA CREF21: Lending, Investing, Servicing and Technology Convention & Expo, I was on a CRE Finance Emerging Issues panel to discuss climate change and ESG impact on CRE, moderated by Michael Berman, President & CEO of M&T Realty Capital Corporation. One clear consensus amongst all the panelists was that ESG is here to stay.
ESG has been gaining more traction in the last six months, especially with investors who want to mitigate their risks and who see ESG not only as a matter of ROI, but as an evaluation methodology. ESG is now a risk management tool, and they want to mitigate their risks by targeting funds with good ESG performance (I’ll discuss ESG metrics a bit later).
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November 07, 2024
Partner Engineering and Science, Inc., ranked on ENR's Top 200 Environmental Firms List for 12th consecutive year. "We are proud to be selected for the 12th year in a row for ENR's Top 200 Environmental Firms," says Chief Operating Officer Monique Burrola.
October 29, 2024
What drives developers and investors to engage in affordable housing preservation and development? In 2025 and beyond, new developments will need to focus on implementing emerging technology and design approaches, allowing for efficiency and scale, while also mitigating climate risks.
November 07, 2024
ASTM has published a guide for Property Resilience Assessment, ASTM E3429-24 Standard Guide for Property Resilience Assessments. The guide provides a framework to promote focused and meaningful investigation of properties but does not establish strict parameters for property resilience assessments. Partner’s resilience experts are here to help clients navigate the new ASTM guide and mitigate physical risks to their properties.
