Menu & Search
3 Real Estate Corporate Responsibility Trends to Look for in 2020

3 Real Estate Corporate Responsibility Trends to Look for in 2020

On September 20th the largest climate demonstrations in history took place – 4 million people, led by 16-year old activist Greta Thunberg, in more than 160 countries, marched the streets demanding change.

While taking action to bring positive changes to our environment and society might be a matter of personal choice when it comes to doing business, it’s not an option, but a responsibility, even a duty.

Real estate companies are beginning to focus on climate changes too, and other issues that matter to communities, customers, and employees. Here are the three most-important corporate responsibility trends in real estate to look for in 2020.

Environmental sustainability

The global building sector is constantly growing, and rapid growth has serious consequences on our environment. According to 2017 UN Global Status Report, building CO2 emissions continued to rise for 1% on an annual base, while 4 million deaths each year can be attributed to illnesses caused by home air pollution.

Having in mind that according to the same reports, buildings and construction are responsible for 35% of global final energy use, and 40% of energy-related gasses, the way buildings are constructed and used need to change in order to become more sustainable.

Climate change is being more addressed in the activities of real estate companies nowadays – smart technology is used for rationalizing the use of energy consumption and the very purpose of a building is transforming for serving more than one purpose, maximizing their efficiency and making them an integral part of the community. Such mixed-use buildings and areas can deliver high-value to all interested parties, starting from the stakeholders, the community, public and private partners and developers. If you’re looking for an environment-friendly, sustainable, and human-tailored investment opportunity, you should contact property investment company FMI Investment to get maximum returns.

In addition, more buildings are pursuing a LEED or so-called Green Building Certificate, which is a framework for sustainability or assessing their projects on the Global Real Estate Sustainability Benchmark.

Impacts on community and society

In Canada and North America, for example, the Built Environment is a synonym for building real-estate that is both environmentally sustainable and community responsible. It’s a way of building areas that are fit to human needs – improved aesthetically, designed to benefit the health of its occupants.

Designers and architects have started to incorporate community spaces into their developments, adding a lot of green spaces, rooftop terraces or building floors dedicated for communal purposes.

Designed in such way, buildings and neighborhoods make healthy lifestyle choices easier for their occupants, as they have improved walkability, “bikeability”and easy access to community gardens, parks, and recreational facilities.

One of the great examples of such creative placemaking is Monroe Street Market in Washington, a project which transformed a neighbourhood into a mixed-use community, consisting of family residences, retail space and 27 affordable art studios. The Art Walk between buildings forms a public square where special events are helds, and which residents use to gather, and the art feature of the neighbourhood is attractive to the tourists thus boosting the revenue of local retail shops.

People

Women are still underpayed in this industry – the industry average salary for female workers is $115K while it’s $150K for men, which is a 23% gap. Women also have lower promotion expectations than their male counterparts, going after senior vice president positions, and not the C-suite.

The industry is still facing racial issues too, as some studies suggest that only 1%of management positions are held by people of colour.

The real estate industry has begun many projects with the aims of increasing workplace diversity, supporting woman and other minorities in developing their careers.

As 2019 unfolds, it’s likely that real estate companies will continue their actions towards brining positive social and environmental changes, giving our daily living and our future a more humane feeling.

0 Comments
Leave a Comment

%d bloggers like this:
DMCA.com Protection Status
Copyright © 2021 Appclonescript.com. All rights reserved. All other trademarks are the property of their respective owners.
The terms "GoJek", "Uber", "Zomato" and many more are the popular brands located all around the world. AppCloneScript has no connection with these brands, it is used in our blogs just to explain their workflow with clarity. Our purpose is just to spread awareness and we wish not to cause any harm or disrepute any company.

Trademark Legal Notice : All product names, trademarks and registered trademarks are property of their respective owners. All company, product, images and service names used in this website are for identification purposes only. Use of these names,trademarks and brands does not imply endorsement.
×
Gojek Clone app
Launch A Gojek Clone And Move To The Top Of The On-Demand Industry in 2022