Resilience and Sustainability
A new survey by PwC identified an exponential increase in the asset and wealth management industry’s desire for environmental, social, and governance–oriented (ESG) investments: in the United States alone, assets under management are projected to more than double from $4.5 trillion in 2021 to $10.5 trillion in 2026. At the same time, asset managers report being challenged to create enough new funds to keep up with the demand, giving an edge to real estate firms with strong sustainability programs.
Leaders of the commercial real estate industry attending COP 27, the United Nations climate conference being held this year in Sharm El-Sheikh, Egypt, said a variety of challenges and opportunities lie ahead in the industry’s drive toward sustainability.
Undermanaged and underinvested for years, the newly unveiled, amenity-rich Chicago redevelopment appears prescient.
The real estate industry can help communities build the resilience to react to the changing climate, according to a panel of architects speaking at ULI’s Fall Meeting in Dallas. In doing so, they said, the industry can create value.
Real estate companies face a complex task in learning how to comply with the U.S. Securities and Exchange Commission’s much-anticipated new rule on climate disclosure, which will require them to report their greenhouse gas emissions as well as their financial risks from climate change, panelists said at ULI’s Fall Meeting in Dallas.
In September, ULI hosted subject matter experts on the potential impacts of the Inflation Reduction Act on the commercial real estate industry. Panelists discussed the tax incentives, deductions and credits geared to encourage building owners to deploy clean energy and energy efficiency projects and how various sectors and industries plan to participate in this opportunity.
6 strategic ways to foster and consolidate the use of green financing tools.
Dan Noble, president and chief executive officer of HKS, argues Texas has tremendous potential to lead the world in transitioning to clean energy.
Interviews were conducted in July 2022 as part of a series designed to celebrate park visionaries and share inspiring and practical insights into their perspectives, challenges, and advice. Follow the series to learn from developers, planners, and other leaders creating innovative parks.
Callie Persic is a development manager with the Belfast City Council, leading Belfast’s Connectivity Programme and city center project, “A Bolder Vision for Belfast.”
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