Download or read book The Real Estate Industry and Environmental Social and Governance Awareness ESG written by Katharina Kühn and published by GRIN Verlag. This book was released on 2020-12-30 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2020 in the subject Economy - Real estate industry, grade: 1,2, Reutlingen University, language: English, abstract: The objective of this paper is to identify potential metrics that can be used to measure the awareness of environmental, social, and governance factors within the real estate industry effectively. Thereby, this paper also attempts to identify drivers that encourage stakeholders to increase their ESG awareness. This paper further looks at the issue of ESG for the real estate industry from a macro perspective rather than a micro-perspective. Thus, metrics will be accordingly high-level to hopefully capture the awareness within the market from a multi-dimensional perspective, rather than analyzing the ESG metrics for a single player in the real estate industry. As one of the industries with the highest carbon footprint, the real estate sector needs to cut 77 % of total carbon emissions by 2050 compared to 2016 in order to meet goals set out in the UN Paris Agreement. These facts are alarming. Especially the longevity of real estate makes ESG issues particularly relevant for this industry. Thus, the real estate industry carries a significant amount of importance and responsibility when it comes to reaching these climate goals.
Download or read book ESG and Real Estate written by Thomas Veith and published by Haufe-Lexware. This book was released on 2022-05-19 with total page 510 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first comprehensive practical handbook on the topic of "Environmental Social Governance" (ESG) and its impact on the real estate industry. The sustainability megatrend is still in its early stages in the real estate sector, and there is a lack of standards, practical examples and data. The development is very dynamic and sometimes confusing, and new, complex, requirements and regulations are constantly being added. The authors – an expert team of economists, lawyers, investors, asset managers and engineers – provide an overview of national and European regulatory requirements as well as current market developments. They show what role ESG plays not only in the areas of new construction, renovation and real estate management, but also in investment processes and real estate valuations. Contents: - ESG and the real estate market - ESG and regulatory environment - ESG and real estate management - ESG in urban and project development
Download or read book Integration and Implementation of ESG Strategies for Real Estate Companies written by Chen Zhao (Real estate development researcher) and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: There has not been a time in the history of capitalism that real estate investors and managers care about "doing good" as today. While the sole pursuit of financial return has undoubtedly been the dominant driver for real estate investments, Environmental, Social, and Governance (ESG) considerations currently play an increasingly vital role in decision-making for real estate companies. However, as the regulations and capital markets around ESG are still in their nascent phase, the real estate industry has to rely on diverse sources of information and unverified assumptions to determine what, how, and why they should approach ESG." This study examines how real estate owners, asset managers and developers approach asset-level and portfolio-level ESG issues through deep-dive interviews with ESG leaders of major market players. Based on the interviews, the paper identified various patterns of methodologies for how those companies 1) integrate ESG into their investment process, 2) define ESG targets and metrics, 3) collect and manage data, 4) prioritize among ESG strategy options, and 5) perceive the impacts of those practices. Beyond providing a structured overview of the current ESG practices by major US real estate companies, the study also intends to unveil the rationales behind those efforts. By mapping the results across the companies' attributes, including ownership structure, investment strategy, international exposure, and asset class, it also sheds light on potential explanations for the divergence of their perspectives.
Download or read book Social Impact Investing in the Real Estate Industry written by Laura Vivian Haidl-Schöpf and published by BoD – Books on Demand. This book was released on 2024-03-18 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation represents an initial exploration and offers a practical framework, along with managerial recommendations, for social impact investing within the real estate industry. The first paper contributes to the academic discourse by elucidating the understanding, boundaries, and definition of social impact investing. The second paper integrates the academic framework of a balanced scorecard with regulatory stipulations set forth by the European Union, while incorporating specific considerations relevant to real estate assets. This integration results in the development of an analytical grid tailored to assess social impact investing within the context of real estate properties. The third and concluding paper evaluates the applicability of the previously established Real Estate Social Impact Investing Analysis Grid and derives managerial insights from interviews conducted with prominent German real estate top managers and sustainability managers. Overall, this dissertation shall enable all actors in the real estate landscape to understand social impact investing and help to establish social impact investing as an integral part of daily business. In line with the sentiment expressed by the Urban Land Institute (2021, p. 12), "Now is the time to put people and places at the heart of real estate investment and development." Through collaboration and the engagement of all stakeholders, the real estate industry can significantly contribute to addressing social and environmental sustainability challenges in a goal-oriented manner. By doing so, it takes on the responsibility of creating a livable and cherished world for future generations.
Download or read book Environmental Social and Governance ESG Laws Regulations and Practices in the Digital Era written by Peter Yeoh and published by Kluwer Law International B.V.. This book was released on 2022-01-13 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the past two decades, the traditional role of corporate governance has been greatly augmented and transformed by increased attention to the importance of social inclusion in business decisions and of environmental impacts of business activities, giving rise to the now well-understood linkage among environmental, social, and governance (ESG) principles. This book is the first to thoroughly analyze the ESG phenomenon as a tripartite corporate purpose model and the profusion of laws and regulations it continues to engender. Drawing on perspectives from law, economics, and business management, the book focuses on those ESG challenges that are most likely to impact companies in the coming years. The author discusses such aspects of ESG law, regulation, and practice as the following: impact of digitalization on ESG practices; competing ESG perspectives and whether there are signs of convergence toward a more universal model; impact of corporate ownership patterns; review of hard and soft law responses; corporate control under COVID-19 pandemic conditions; workplace and workforce transformations; various ESG-related corporate scandals and controversies; ESG regulatory responses from international entities such as the Organisation for Economic Co-operation and Development (OECD) and International Organization of Securities Commissions (IOSCO); and seminal ESG cases in various business sectors. The emphasis throughout is on developments in the European Union, the United States, and the United Kingdom, both because it is in those jurisdictions that ESG challenges have been and are most fully dealt with and because these economies taken together are likely to continue exerting dominating influence across the world. What this book says about ESG provides pertinent insights and guidance for those seeking a better understanding of ESG practices and underlying theories across major economies. With essential information and guidance for ESG law practitioners, policymakers, and academicians, the book gives clarity and guidance as to who should lead the charge for ESG practices in business enterprises in major jurisdictional settings. Its detailed coverage of best ESG practices will be welcomed by those conducting their business enterprises within approved regulatory perimeters.
Download or read book Environmental Social and Governance and Sustainable Development in Healthcare written by Tiffany Cheng Han Leung and published by Springer Nature. This book was released on 2023-05-15 with total page 125 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book applies environmental, social and governance (ESG) to issues of sustainable development in healthcare. ESG reporting has been widely used for some time in the business industry to show the economic, social and environmental responsibilities of companies that aim to achieve superior ESG performance for lower risk, more accountability and transparency. Moreover, public-listed companies in healthcare have been growing in significant numbers in recent years. The application or practice of ESG in healthcare has become a growing trend for these large organisations looking to demonstrate their strengths in areas of financing, operations, sustainability and social responsibilities. Such an approach is essential not only for the long-term development of the companies but also for services delivered by healthcare practitioners. Equally, the implications to Sustainable Development Goal (SDG) 3 is relevant to healthcare worldwide with a growing ageing population, which has led to a great burden of care in many countries, particularly in the public sector. The potential development and expansion in private healthcare services, accelerated by technology advancement, has demanded a new paradigm in the healthcare industry, particularly in business, service delivery and policy. The book examines this paradigm through health in all policies, ESG and SDG 3 objectives, research, training and practice. It is relevant to graduate students and scholars working in areas relating to health, business and the SDGs and is also useful to policymakers and practitioners in healthcare.
Download or read book Social Impact Investing in the Real Estate Industry written by Laura Vivian Haidl-Schöpf and published by BoD – Books on Demand. This book was released on 2024-04-10 with total page 149 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation represents an initial exploration and offers a practical framework, along with managerial recommendations, for social impact investing within the real estate industry. The first paper contributes to the academic discourse by elucidating the understanding, boundaries, and definition of social impact investing. The second paper integrates the academic framework of a balanced scorecard with regulatory stipulations set forth by the European Union, while incorporating specific considerations relevant to real estate assets. This integration results in the development of an analytical grid tailored to assess social impact investing within the context of real estate properties. The third and concluding paper evaluates the applicability of the previously established Real Estate Social Impact Investing Analysis Grid and derives managerial insights from interviews conducted with prominent German real estate top managers and sustainability managers. Overall, this dissertation shall enable all actors in the real estate landscape to understand social impact investing and help to establish social impact investing as an integral part of daily business. In line with the sentiment expressed by the Urban Land Institute (2021, p. 12), "Now is the time to put people and places at the heart of real estate investment and development." Through collaboration and the engagement of all stakeholders, the real estate industry can significantly contribute to addressing social and environmental sustainability challenges in a goal-oriented manner. By doing so, it takes on the responsibility of creating a livable and cherished world for future generations.
Download or read book ESG and Responsible Institutional Investing Around the World A Critical Review written by Pedro Matos and published by CFA Institute Research Foundation. This book was released on 2020-05-29 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: This survey examines the vibrant academic literature on environmental, social, and governance (ESG) investing. While there is no consensus on the exact list of ESG issues, responsible investors increasingly assess stocks in their portfolios based on nonfinancial data on environmental impact (e.g., carbon emissions), social impact (e.g., employee satisfaction), and governance attributes (e.g., board structure). The objective is to reduce exposure to investments that pose greater ESG risks or to influence companies to become more sustainable. One active area of research at present involves assessing portfolio risk exposure to climate change. This literature review focuses on institutional investors, which have grown in importance such that they have now become the largest holders of shares in public companies globally. Historically, institutional investors tended to concentrate their ESG efforts mostly on corporate governance (the “G” in ESG). These efforts included seeking to eliminate provisions that restrict shareholder rights and enhance managerial power, such as staggered boards, supermajority rules, golden parachutes, and poison pills. Highlights from this section: · There is no consensus on the exact list of ESG issues and their materiality. · The ESG issue that gets the most attention from institutional investors is climate change, in particular their portfolio companies’ exposure to carbon risk and “stranded assets.” · Investors should be positioning themselves for increased regulation, with the regulatory agenda being more ambitious in the European Union than in the United States. Readers might come away from this survey skeptical about the potential for ESG investing to affect positive change. I prefer to characterize the current state of the literature as having a “healthy dose of skepticism,” with much more remaining to be explored. Here, I hope the reader comes away with a call to action. For the industry practitioner, I believe that the investment industry should strive to achieve positive societal goals. CFA Institute provides an exemplary case in its Future of Finance series (www.cfainstitute.org/research/future-finance). For the academic community, I suggest we ramp up research aimed at tackling some of the open questions around the pressing societal goals of ESG investing. I am optimistic that practitioners and academics will identify meaningful ways to better harness the power of global financial markets for addressing the pressing ESG issues facing our society.
Download or read book Sustainable Investing written by Hanna Silvola and published by Springer Nature. This book was released on 2021-06-14 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book reviews the latest methods of sustainable investing and financial profit making and describes how ESG (Environmental, Social, Governance) analysis can identify future business opportunities and manage risk to achieve abnormal returns. Megatrends such as climate change, sustainable development and digitalisation increase uncertainty and information asymmetry and have an impact on the future returns on investments. From a profit perspective, it is largely about how ESG factors affect the long-term value added by companies and the valuation of companies in the financial markets. Although sustainability provides an opportunity for abnormal returns, this phenomenon must be considered in a critical light. The book describes the risks and limitations associated with the accountability and availability of ESG data and tools. This book provides both academic findings and practical models for assessing the sustainability of investees and introduces practical tools and methods to make ESG analysis practice. It focuses on the ESG analysis of equity investments and fund investments in institutional investment organizations and provides a handbook for all investment analysts who are involved with investment decisions. Readers will benefit from understanding the methods, opportunities and challenges that professionals use in their ESG analysis with cases, interviews and practical tools for both institutional and private investors.
Download or read book Responsible Investing written by Matthew W. Sherwood and published by Taylor & Francis. This book was released on 2023-05-15 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: Responsible Investing serves as a holistic resource on Environmental, Social, and Governance (ESG) investing for undergraduate and graduate programs. It provides a thorough background and history of ESG investing, as well as cutting-edge industry developments, introducing the reader to the rapidly evolving field of responsible investing. Building on the first edition, this second edition provides updates where appropriate, as well as new emphasis on the development of standards in terminology and metrics. Opening with the background of ESG investing, the book discusses the development of ESG risks and provides an overview of ESG rating systems. It outlines the current position of ESG investing in portfolio management through granular analysis, offers insight into common investor concerns about ESG investments, presents qualitative theories, and reviews literature modeling ESG investment performance. Finally, the authors provide readers with a foundation on the development of financial models measuring risk and return, which can be used to evaluate the performance of ESG investments. This edition features updated statistics and a new chapter on regulation, reporting, and taxonomy in ESG investing, as well as new international case studies. Following a summary approach, Responsible Investing is a valuable textbook, providing a context in which upper-level students of ESG investment and sustainable finance can specialize.
Download or read book ESG Ratings Environmental Social Governance Standards challenges and solutions written by and published by GRIN Verlag. This book was released on 2021-10-19 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bachelor Thesis from the year 2021 in the subject Business economics - Investment and Finance, grade: 1,7, University of applied sciences Frankfurt a. M., language: English, abstract: This bachelor thesis examines the challenges of ESG ratings and attempts to find a solution to these explored challenges. To answer this question, a theoretical definition of ESG and SRI is given first, followed by a discussion of ratings' theoretical background, standards, and rating agencies' traditional procedures. The classic challenges of ratings are also considered. The differences to ESG ratings are then discussed, and sustainability ratings and sustainability rating agencies are examined. In the following part, the individual challenges of ESG ratings discussed theoretically are described. After the theoretical foundations, the challenges are clarified in an analysis. The analysis refers to two different industries. Based on the results, possible solutions are proposed and discussed. A conclusion is followed. Sustainability has been a highly debated topic for a long time. Waste separation, the purchase of regional food, electricity supply options and the fight against plastic waste are indispensable topics for society. The matter has not yet played such a significant role in financial investments, but interest is growing. Millennials are open to sustainable investments. This area of interest is shown by a representative YouGov study commissioned by the fund company Deka. Nevertheless, only six per cent of investors own sustainable investments. This occurrence is maybe because the topic is complex for investors to grasp. There is even a lack of a generally valid definition of sustainability. There are indeed several quality seals that make orientation easier, but there are no standards. The EU Commission wants to change that and is working on critical criteria for sustainable investments, but it will be some time before these are fully implemented throughout the EU.
Download or read book Environmental Social and Governance ESG Investing written by John Hill and published by Academic Press. This book was released on 2020-01-30 with total page 371 pages. Available in PDF, EPUB and Kindle. Book excerpt: Environmental, Social, and Governance (ESG) Investing: A Balanced Analysis of the Theory and Practice of a Sustainable Portfolio presents a balanced, thorough analysis of ESG factors as they are incorporated into the investment process. An estimated 25% of all new investments are in ESG funds, with a global total of $23 trillion and the U.S. accounting for almost $9 trillion. Many advocate the sustainability goals promoted by ESG, while others prefer to maximize returns and spend their earnings on social causes. The core problem facing those who want to promote sustainability goals is to define sustainability investing and measure its returns. This book examines theories and their practical implications, illuminating issues that other books leave in the shadows. Provides a dispassionate examination of ESG investing Presents the historical arguments for maximizing returns and competing theories to support an ESG approach Reviews case studies of empirical evidence about relative returns of both traditional and ESG investment approaches
Download or read book Environmental Social Governance written by Brian D. Israel and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "First, the book does what any good legal writing should do: it transmutes an awesomely complex subject into a story more easily readable and understandable. The authors achieve that by explaining about how each element of ESG historically came to be, and thereafter elucidating at the more theoretical level, each element's conceptual underpinnings. Second, the book explains and elucidates, with remarkable depth and breadth, the wide array of disparate subjects that ESG encompasses. Third, most notable is the book's well-organized internal structure, which is designed to provide practitioners what they most need -a practical approach"--
Download or read book Environmental Social and Governance ESG Investing written by John Hill and published by Academic Press. This book was released on 2020-02-13 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: Environmental, Social, and Governance (ESG) Investing: A Balanced Analysis of the Theory and Practice of a Sustainable Portfolio presents a balanced, thorough analysis of ESG factors as they are incorporated into the investment process. An estimated 25% of all new investments are in ESG funds, with a global total of $23 trillion and the U.S. accounting for almost $9 trillion. Many advocate the sustainability goals promoted by ESG, while others prefer to maximize returns and spend their earnings on social causes. The core problem facing those who want to promote sustainability goals is to define sustainability investing and measure its returns. This book examines theories and their practical implications, illuminating issues that other books leave in the shadows. Provides a dispassionate examination of ESG investing Presents the historical arguments for maximizing returns and competing theories to support an ESG approach Reviews case studies of empirical evidence about relative returns of both traditional and ESG investment approaches
Download or read book The EU ESG Regulation written by Philipp Sennewald and published by . This book was released on 2021 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: In his hesis he ahor proides a frameork in hich a real es�� socks environmental, social, and governance (ESG) score is set into relation with the two main share figures: (1) the rate on investment and (2) the share volatility. In times like these, where sustainability issues gain evermore importance and public attention, it is key to determine how social ecology colludes with commercial interests. Real estate was chosen as the sample sector due to its high proportionate share in both the gross value added and the greenhouse gas emissions. Beside the main effect of the ESG score the analysis will as well call attention for the single pillar scores of E, S, and G to determine whether the pillars distinguish themselves in terms of their effect on the aforementioned share figures. The dataset was created by extracting both financial and ESG information from the Thomson Reuters Eikon database. On this basis a sample of 1,000 real estate portfolios was computed out of 70 different companies. Linear regression has been used to examine the relationship between these portfolios and the ESG scores of the selected real estate companies.
Download or read book Values at Work written by Daniel C. Esty and published by Springer Nature. This book was released on 2020-10-26 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sustainable investing is a rapidly growing and evolving field. With investors expressing ever greater interest in environmental, social, and governance (ESG) metrics and reporting, companies face a sustainability imperative and the need to remake their business models to respond to an array of pressing issues including climate change, air and water pollution, racial justice, workplace diversity, economic inequality, privacy, corporate integrity, and good governance. From equities to fixed income and from private equity to impact-investing, investors of all kinds now want to understand which companies will be marketplace leaders in a business future redefined by sustainability. Thus, investment strategies, risk models, financial vehicles, applications, data, metrics, standards, and regulations are all changing rapidly around the world. In an effort to better understand the current status and movement of this dynamic field and to provide a practical reference for the growing pool of investors, financial advisors, companies, and academics seeking information on sustainable investing and ESG reporting, this edited book covers the latest trends, tools, and thinking. It showcases the work of authors from leading companies and academic institutions across a range of vital topics such as financial disclosure, portfolio assessment, ESG metrics construction, and law as well as regulation. Readers of the book will be better able to identify and address the hurdles to moving mainstream capital toward more sustainable companies, investments, and projects.
Download or read book Real Estate written by Peter Dent and published by Routledge. This book was released on 2012-10-02 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: Traditional studies of the property market have tended to focus solely on commercial and legal issues, but the growing importance of the issue of sustainability means that a different approach is needed. This new textbook provides an overview of property within a market context, examining the complex nature of property rights and issues related to both investors and occupiers. At the same time it assesses property from the perspective of financial, social and environment sustainability. Topics covered range from the characteristics of property and depreciation, to ownership and development through to investments and sustainability reporting. The book concludes with key skills in sustainable knowledge needed by those working in the real estate industry. Written by an author team of experienced property professionals, this essential introductory textbook is well suited for property, planning and architecture students on undergraduate, graduate and conversion courses, as well as those on CPD and training programmes in related areas.
