Environmental, Social and Governance (ESG)

The real estate industry is quickly having to address ESG concerns. ESG criteria include environmental targets, the impact on communities, effects of supply chains, and commitments to diversity and equality. Real estate investment increasingly has to be responsible investment.

Property professionals have a significant role to play in de-carbonising the economy and meeting sustainable infrastructure targets. This begins with the construction industry and real estate development, but applies equally to the full life cycle of a building.  Read more about the environmental agenda for real estate here

By their nature, buildings become part of the communities around them. A property is a long-term asset, however frequently it is traded, refurbished or redeveloped. This brings with it an opportunity to use buildings for the good of the community, creating value for society.  

ESG scrutiny is set to increase, in the past 12 months we have seen a vast number of property companies, funds, developers and advisors making clear ESG commitments.  Many development appraisals now incorporate targets and objectives.  We have already arrived at a position where ESG factors have to be addressed.  This is motivated by a desire to make a positive contribution but also an acceptance that ignoring ESG is a risk few are willing to take, given where we are socially and politically.

There are significant opportunities for the built environment.  As more capital is being allocated to investments that deliver to criteria, ESG-led schemes will be in high demand. One of the main factors behind this is that it is no longer seen as a purpose-led strategy to the detriment of financial returns.  Developments that can perform on ESG as part of an asset management strategy are set to see their value increase.

  • Joanna Davies

    Partner

    Joanna Davies

    Partner

    • +(44)(0)1223 222429
    • Contact Joanna

      Contact Joanna Davies

      * = required

       
       
         
       

      Mills & Reeve will use the information you provide in this form in accordance with our privacy policy. We may from time to time send you general updates by email or post that we think you will find of interest. This includes notification of upcoming event and updates or alerts containing relevant legal news. You can update your preferences at any time and will be able to easily unsubscribe from anything that you do not wish to receive.

      Thank you

      Thank you for your enquiry. We will be in touch shortly.

    • Cambridge
  • Laura Ludlow

    Principal Associate

    Laura Ludlow

    Principal Associate

    • +(44)(0)1223 222366
    • Contact Laura

      Contact Laura Ludlow

      * = required

       
       
         
       

      Mills & Reeve will use the information you provide in this form in accordance with our privacy policy. We may from time to time send you general updates by email or post that we think you will find of interest. This includes notification of upcoming event and updates or alerts containing relevant legal news. You can update your preferences at any time and will be able to easily unsubscribe from anything that you do not wish to receive.

      Thank you

      Thank you for your enquiry. We will be in touch shortly.

    • Cambridge

Further reading

Mills & Reeve Sites navigation
A tabbed collection of Mills & Reeve sites.
Sites
My Mills & Reeve navigation
Subscribe to, or manage your My Mills & Reeve account.
My M&R

Visitors

Register for My M&R to stay up-to-date with legal news and events, create brochures and bookmark pages.

Existing clients

Log in to your client extranet for free matter information, know-how and documents.

Staff

Mills & Reeve system for employees.