Library:
Madrid
London
Turin
Berlin
Paris Champerret
Paris Montparnasse
Real estate, widely regarded as the foremost investment option globally, has experienced and
continues to experience significant transformations due to various macroeconomic
occurrences. Undoubtedly, the subprime crisis of 2008 stands as a paramount event within the
real estate domain, representing a pivotal occurrence of utmost importance since the onset of
the 21st century. Nevertheless, the industry is being compelled to undergo further development
due to another big challenge. The emergence of Environmental, Social and Governance (ESG)
standards can be attributed to the impact of global warming and the increased emphasis on
sustainable development throughout the late 1990s. ESG criteria are employed for the purpose
of evaluating the sustainability of a firm, investment or financing companies. The
considerations encompassed in their evaluation include employee training, gender equality,
anti-corruption efforts, and adherence to ecological norms.
Hence, these criteria exhibit a strong correlation with the concept of Corporate Social
Responsibility (CSR), which entails the incorporation of environmental and societal concerns
into a company's operational practises, as well as its range of products and services.
Consequently, the real estate industry has witnessed innovation through the introduction of real
estate initiatives that adhere to specific environmental, social, and governance (ESG)
requirements, irrespective of the kind of property (such as office spaces, retail establishments,
logistical facilities, or residential properties).
