An environmental, social and governance programme for corporate real estate and facilities departments

Colette Temmink and David Flynn
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Colette Temmink: Chief Strategy and Product Officer, Blue Skyre, USA
David Flynn: Chief Operating Officer, Blue Skyre, USA

Corporate Real Estate Journal, 2021, vol. 10, issue 3, 295-303

Abstract: A favourable environmental, social and governance (ESG) rating is of rising importance to companies because of expanding awareness and the growing acceptance among large investors that a robust ESG programme translates into strong market performance. Corporate real estate (CRE) intersects with many of the elements affecting a company’s ESG objectives and plays a significant role in helping it design and achieve its ESG objectives. There is a lack of clarity among rating systems and users have difficulty correlating ratings to a CRE programme. While the make-up of a CRE programme for environmental is well developed, there are great opportunities for advancement in the areas of societal and governance. This paper addresses current ESG programme issues for CRE, offers suggestions for how CRE can approach them and provides a sample of how to develop an ESG programme for real estate that will help improve the company’s performance and ultimately its market performance.

Keywords: environmental; social and governance; ESG; ESG programme; facilities management; corporate real estate; sustainability (search for similar items in EconPapers)
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:aza:crej00:y:2021:v:10:i:3:p:295-303

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