BY Jaiden Padda, Kreso Kristic and Mike Parker
The commitment to sustainability in buildings has reached unprecedented levels – the BOMA BEST team analyzed the cutting-edge ESG trends shaping the industry today. Environmental considerations, particularly related to climate change, are at the forefront of these ESG trends. The urgency to address climate-related risks and transition towards a low-carbon economy has led to increased scrutiny of companies’ carbon footprints, renewable energy strategies, and green building certifications. Governments and regulatory bodies are introducing stricter environmental standards and disclosure requirements, propelling organizations further towards sustainable practices. The integration of technology, such as artificial intelligence and data analytics, is aiding companies in developing innovative solutions for environmental challenges. This includes monitoring and optimizing energy consumption, waste reduction, and overall environmental performance.
The following are the top ten trends we found. It’s an interesting time, and there is clearly a commitment to address climate-related risks in commercial real estate.
There is a discernable shift in how management firms are addressing ESG and looking to leverage building certification programs to further refine their efforts.
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