March 2023 Luncheon Summary “ESG: A Tool for Mitigating Risk and Increasing Value of your CRE Assets”
On Tuesday, April 14, Allison Kirby, Associate Director of Environmental, Social, and Governance (ESG) & Sustainability with Cushman & Wakefield’s Energy & Sustainability Asset Services presented to our membership on this city government-led development standard for commercial real estate funding. She spoke of the goals of the ESG standards, its evolving levels of compliance, and the challenges attached to each level. Also, the Inflation Reduction Act, recently passed by Congress, incentivizes developers to comply with ESG goals. Though different from LEED (Leadership in Environmental and Energy Design), the ESG standards complement LEED design and intent. Allison stated the markets she sees evolving are Multifamily, Class A office, and development in cities where local government has passed ESG initiatives.
Click here to view her presentation.