Interlinking all ESG issues makes it easier to drive value
Real estate professionals should talk about net zero carbon and how it interlinks with biodiversity and climate risk, Emily Hamilton, Chief Sustainability Officer, Savills Investment Management, told Real Asset Insight.
When a single issue is isolated then “it becomes much harder to say that building is higher value because it’s net zero carbon, while if that building is higher value because of its overall sustainability performance, it would be much better for the industry”, she said.
The tendency to silo issues should be resisted, Hamilton said: “We should start to interplay social value, biodiversity, climate risk and net zero carbon together, and if we can see those connections then it will be much easier to work out how we can drive value.”