Real estate industry turning its focus more to ESG

Real estate managers no longer consider ESG a matter of changing lightbulbs and installing low-flow toilets in their buildings but are now weighing a lot more effects that environmental, social and governance factors have on returns.

In the past, real estate managers’ interest in making their buildings more eco-friendly was driven by tenant demand, mainly in the office sector, said Elena Alschuler, head of sustainability for the Americas in the Baltimore office of LaSalle Investment Management Inc. Today, the accelerants are a combination of the regulatory environment and investor pressure, she said.

Published by Arleen Jacobius in Pensions & Investments.