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Criticality of ESG Framework for Real Estate
Businessworld India
|October 08, 2022
For businesses functioning in the real estate sector, the need to imbibe ESG principles is not just a moral imperative but also a fiduciary responsibility
WHILE OPINIONS
about ESG often get restricted to issues surrounding climate change and pollution, the concept itself has more far-reaching goals. The ‘social’ pillar of ESG focuses on businesses’ responsibility towards labour practices, talent management, and other stakeholder relations – while the ‘governance’ pillar focuses on ethics, leadership diversity, and the provision for providing livable wages. With increased scrutiny on ESG, corporate real estate (CRE) stakeholders need to understand, improve, and leverage their performance on this front to drive value and stay competitive. The essential question is no longer what to do, but rather how to do it.
Planning from the ground up
This story is from the October 08, 2022 edition of Businessworld India.
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