#Propmodo brings up an interesting question about ESG (Environmental, Social and Governance) in Commercial Real Estate, and measuring them isn’t as straightforward as it sounds, but the conversations themselves are valuable and worthwhile. Each of the elements wrap into the other:
“…things like energy consumption, carbon emissions, or waste reduction can easily be calculated and reported. But being good for the environment is not the only important factor when it comes to sustainability. Our impact on the environment, after all, depends on whether or not our societies are in a place to protect it. The S in ESG doesn’t garner as much attention or dollars as environmental sustainability, but is a critical consideration when it comes to a company’s impact.
and also, “the condition and maintenance of a building are also seen as social factors. A well-run, clean building instills trust and improves tenant satisfaction and well-being while deteriorating properties do just the opposite”
full article here: propmodo.com/how-do-you-measure-the-social-in-real-estate-esg