The Importance of ESG in the Real Estate Investments

Andreea Larisa Olteanu (Burca) () and Alina Elena Ionascu ()
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Andreea Larisa Olteanu (Burca): The Bucharest University of Economic Studies, Romania
Alina Elena Ionascu: “Ovidius” University of Constanța, Romania

Ovidius University Annals, Economic Sciences Series, 2023, vol. XXIII, issue 2, 810-817

Abstract: ESG factors—environmental, social, and governance considerations—have gained growing significance within the real estate industry. This study explores the multifaceted impact of ESG considerations on real estate investments and practices. It delves into the evolving investor, consumer, and regulatory landscape, shedding light on the growing importance of sustainable and socially responsible strategies. It also examines the benefits associated with embracing ESG principles in real estate, encompassing enhanced risk management, improved long-term performance, increased stakeholder engagement, and alignment with global sustainability objectives. Furthermore, it discusses the challenges and opportunities inherent in implementing ESG frameworks within the diverse realms of property development, management, and investment. Through an analysis of current trends, regulatory frameworks, and industry practices, this research provides insights into the transformative potential of ESG integration for fostering resilient, socially conscious, and economically viable real estate ventures.

Keywords: real estate; social responsibility; governance; sustainability; environmental factors (search for similar items in EconPapers)
JEL-codes: F64 G34 M14 Q56 R00 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xxiii:y:2023:i:2:p:810-817

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