Social, the “S” in ESG (environment, social and governance), is clearly on the agenda among investors as well as the occupiers of their buildings, as CMS Lawyer Clare Thomas explained to Real Asset Media’s Richard Betts.
A recent survey and report by CMS, called Real Estate Reset, focuses on ESG and revealed that an increasing number of companies do now articulate a social purpose. Much of the research for the report was conducted during the pandemic which has put social aspects into sharper focus.
“Environment” is close to hearts too and a surprisingly high 61% of occupier respondents said that they would be prepared to take a pay cut to work in a sustainable building. There was a generational nuance, however, with this response being strongest in those under 40 years old.
Click on the video to watch the full interview or listen via the podcast below.