Environmental factors relate to a company’s environmental impact. Examples include a property’s carbon footprint, style of construction and building envelope, water usage, and preparedness for climate-related risks.
Social considerations focus on how a company manages relationships and creates value for stakeholders. Examples include the revitalization of urban areas, community infrastructure support and reducing income inequality through capital allocation and stewardship.
Governance criteria reflect a company’s philosophies and management practices. Examples include effective board composition, Diversity, Equity and Inclusion (DEI) policies, transparency practices and business ethics.
Understanding ESG opportunities and navigating the complexities of implementing ESG strategies are the first steps and neither need be overwhelming or confusing. Often the initial process is to gain an understanding of yours and your stakeholders desire to establish processes that ensure both broad acceptance (ownership, investors and workplace). Next, a purpose-built plan can be actioned to meet your direction.
At Building Practical ESG we focus on establishing a baseline and working with your team(s), to clarify your vision and facilitate training and development ensuring that your desired outcomes become company culture. We don’t just advise. Rather we teach and guide so that required ESG values are entrenched within your organization.
The benefit is simple. Long term satisfaction for stakeholders, investors, operators and customers.
Within the next 3 years, 74% of occupants will have green lease clauses in their leasing agreements. This will cascade throughout the operational supply chain. Service providers, materials suppliers and lenders will require green certifications to meet these requirements.
Read MoreOccupants in Energy Star buildings consume a minimum of 8% less energy than those in standard non energy efficient buildings. Over a 12 year period this equals a whopping 100% improvement in energy savings and it is all profit.
Read More*RAI case study – Toronto office tower. ‘The property was built in 2016 to far exceed building code requirements with energy and water efficiency-focused features. As a result, it achieves operating costs (excluding realty taxes) approximately 25% below competing properties. This reduction has allowed the borrower to remain competitive while charging a higher net rent. In the event of market turmoil and falling rental rates, the borrower’s cash flow stream will likely remain more resilient than its competitors’.
Read MoreLet us show you how building workforce resilience can strenthen your organization.