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At one time, Environment, Social and Governance (ESG) was described as an emerging trend in commercial real estate. It is now, however, well established as one of the chief factors in differentiating between properties.
Stakeholders in commercial real estate, from funders through to employees, are becoming increasingly motivated by ESG factors when engaging in property transactions and contracts of all kinds.
With energy costs increasing exponentially, prudent Landlords and Tenants are collectively becoming more focused on the energy efficiency of buildings. Buildings that use renewable alternatives such as solar or wind power can be more beneficial for all parties involved.
This, coupled with increasing energy reporting requirements, means that it would be short-sighted not to consider the impact on your ESG profile, when considering or reviewing your real estate needs and investments.
The Commercial Real Estate, Construction and Procurement teams at Cleaver Fulton Rankin can offer assistance in negotiating some of the various considerations you, as an environmentally conscious client, may encounter. This might include:
It is important to consider how your business can implement ESG strategies and targets to meet client demand, and ultimately develop a more sustainable business.
Should you wish to discuss anything mentioned in this article, please feel free to reach out to a member of our Commercial Real Estate team.
This article has been produced for general information purposes and further advice should be sought from a professional advisor.