Government regulation and rise of certification drive demand for better ESG information
The regulatory pressure for ESG-proof real estate is increasing. We are also seeing a sharp increase in certification and benchmarking in the market. These trends are driving the rapidly growing demand for reliable ESG information, was the message of Co-Founder of Blue Module, Paul Wessels in an interview with Richard Betts of Real Asset Media during the main Dutch real estate fair Provada.
Being transparent and having your information in order when it comes to ESG, that is the big challenge for many companies.
Bringing together all the information flows around ESG is the big task. If you look at the standards, such as BREEAM, WELL or Fitwel, it is striking that they are becoming increasingly holistic. They touch on the subject of sustainability, but also more and more on the 'S' in ESG such as health. This means that you have to gather information from various sources to prove that you are ESG-proof.
This is also very important from the occupiers' point of view. They have their own ESG policy. Certainly if you look at the larger tenants. That puts pressure on the owners to get the dialogue going with the tenant to really make progress with ESG.