How can you partner with other groups to promote sustainability in commercial real estate?

1 Identify your partners

When attempting to promote sustainability in commercial real estate, the first step is to identify who you can partner with. Depending on the role, potential partners may vary, but some common ones include property owners and managers, tenants and occupants, investors and lenders, and local communities and governments. Property owners and managers can implement energy-efficient measures, green certifications, waste management, and tenant engagement programs. Tenants and occupants can reduce energy and water consumption, recycle, and commute by public or alternative transportation. Investors and lenders can assess the environmental, social, and governance (ESG) risks and opportunities of the properties, as well as provide incentives or requirements for sustainability performance. Lastly, local communities and governments can support or demand sustainability initiatives such as green infrastructure, affordable housing, and social inclusion.

3 Leverage your resources

The third step to promote sustainability in commercial real estate is to leverage your resources with your partners. You need to identify what resources you have and what resources you need to achieve your sustainability goals. Resources can be tangible, such as money, materials, or technology, or intangible, such as knowledge, skills, or relationships. By leveraging your resources, you can create synergies, efficiencies, and innovations with your partners.

6 Nurture relationships

The sixth step to promote sustainability in commercial real estate is to nurture relationships with your partners. You need to maintain regular and open communication, respect and appreciate diversity, and resolve conflicts and issues constructively. You also need to explore new opportunities, challenges, and collaborations with your partners. By nurturing relationships, you can create loyalty, satisfaction, and growth with your partners.