Sustainability
How do you quantify the impact of ESG? Move from a payback equation to a value creation formula.
Mar 7, 2024: The way to start quantifying ESG improvements could be to move away from a payback equation to one that measures value creation tied to annual savings and the stabilized cap rate. Read the NAREIM Sustainability Meeting key takeaways.
ESG costs covered by the manager will decrease 19% over next 2 years
Dec 11, 2023: ESG cost allocations borne by the investment manager or management corporation will decrease on average 19% over the next two years, according to a NAREIM ESG cost allocations member survey. Download your copy of the survey - also split into allocator and vertically-integrated firms.
Most outsourced ESG roles – and most retained in-house
March 9, 2023: Among the most outsourced ESG roles are data collection and management as well as reporting to benchmarks such as GRESB and PRI. In comparison, managers retained ESG strategy in-house along with client reporting and answering investor DDQs. Download the full list.
Reporting to GRESB as an Article 6 SFDR fund doesn't trigger penalties - but setting GRESB targets may open 'can of worms'
Dec 21, 2021: Reporting to GRESB doesn't trigger fines for vehicles registered as Article 6 under Europe’s new sustainability disclosure rules – but watch out for GRESB T1:1 as setting targets and objectives may open up a “can of worms”.
Sustainability meeting: The path to net zero, health and wellness and resiliency metrics and planning
NAREIM Sustainability Meeting 2020 - meeting presentations. Do managers need an early - quasi - investment committee to assess the ESG of deals before they go to IC? How do we define - and achieve - net zero? Download the 2020 Sustainability meeting presentations.
Insurance premiums set to drop in 2024; but ESG, risk and A&E can work closer to achieve even lower reductions
Insurance premium increases are starting to ease, but ESG, risk/insurance and architecture & engineering teams can drive further decreases by working together on SOVs and asset stories to brokers. Takeaways from the 2024 NAREIM Sustainability meeting.
“Tidal wave” of Net Zero cap-ex is coming, but lack of transactions makes upgrades a hard sell
Committing to expensive Net Zero upgrades is challenging without market comps and deals, yet the industry is expecting a "tidal wave" of Net Zero cap-ex to hit the market - and asset pricing - in the short-term as more buildings become stranded.
The 2022 EU transparency requirement pushing investment managers to rethink ESG disclosures and investor relations
Dec 20, 2021: NAREIM member investment managers exchanged best practices and offered potential solutions to the challenges posed by the EU sustainability disclosure requirement taking effect in January 2022.
35% of managers undertake climate risk analysis on a majority of their assets; one in four Sustainability leads report direct to the CEO
During the NAREIM Sustainability Meeting, 35% of managers revealed that all or more than 75% of their portfolios were covered by climate risk data and analysis; while 40% of sustainability leads report directly to the CEO. Read the takeaways here.
The risk of inaction on health and well-being outweighs the risk of action, says Harrison St, Heitman, Kilroy, WELL
While research around the ROI of health and well-being measures is gathering pace, senior ESG executives argue that, in the aftermath of a global pandemic, this is the time to take action. Health and well-being is about the safety and security of tenants and users.
Energy competitions and rankings could equal 7-figure energy savings
Energy challenges with a published ranking of performance could help drive significant energy savings at assets, members at the NAREIM Sustainability meeting heard this week.
Sharing best practices on ESG strategies, members heard how gamification
Insurance premiums set to drop in 2024; but ESG, risk and A&E can work closer to achieve even lower reductions
Mar 7, 2024: Insurance premium increases are starting to ease, but ESG, risk/insurance and architecture & engineering teams can drive further decreases by working together on SOVs and asset stories to brokers. Read the takeaways from the NAREIM Sustainability meeting.
“Tidal wave” of Net Zero cap-ex is coming, but lack of transactions makes upgrades a hard sell
March 9, 2023: Committing to expensive Net Zero upgrades is challenging without market comps and deals, yet the industry is expecting a "tidal wave" of Net Zero cap-ex to hit the market - and asset pricing - in the short-term as more buildings become stranded.