Building Blocks - Week 27
ESG Real Estate Laboratory
Real Estate | Fundraising | ROI | Sustainability | Education | Tomorrow's technology
Best reads of the week for real estate ideas, trends, opportunities!
EDUCATION CENTER ___________________________
CEOs BIGGEST FOCUS NOW = AI & ESG! Technology and efficiency driving business intelligence and opportunities.
Great study by IBM, 3000+ CEOs, 30 countries...
Artificial Intelligence:
* 7 in 10 CEOs say generative AI brings broad benefits . . .
*??BUT only 3 in 10 CEOs say their organization have in house expertise!
?Compensation = Sustainability – alignment happening at the top of the food chain!
*??~50% of CEOs/top management compensation tied to sustainability goals (was 15% last year)!!
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Norges Bank is a long-term investor that has roughly 4.1% of their global investment portfolio invested in real estate, with about half of that allocated to public REITs. With the firm’s focus on maximizing risk-adjusted returns, Norges has been an influential leader in promoting the adoption of sustainability for real estate companies globally for many years.
Discussion focused on how the real estate industry is addressing a key challenge of decarbonization planning and the importance of real estate companies in the U.S. clearly disclosing their strategy, decision making, and targets around key environmental matters. Other topics include the progress being made toward defining net zero for the industry and how the CRREM Project in North America is a great opportunity for U.S. REITs to participate in the development of this global framework.
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Increased regulatory demands?prompts shift?in ESG policy from GCs to chief compliance officers and CEOs.
US general counsel say environmental, social and governance (ESG) concerns have evolved into a top regulatory and corporate priority as senior management take a leading role on ESG strategy and compliance, easing the burden for in-house legal teams, according to a new report from Morrison & Foerster (MoFo) and Corporate Counsel.
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Aira, Swedish startup, is coming to market with an interesting value proposition for the heat pump market in Europe (focusing on Italy, Germany, and the UK in 2023).
No upfront payment, monthly payment, etc
So you lower your monthly bills and cut your household carbon.
Would think there is a need/interest in this type of packaged service solution.
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We were joined by Phil Haddleton from Bentall Green Oak in this very informative and educational building block live event.?Great insights as a London developer and your perspective on a Full Real Estate Carbon Life Cycle Analysis!
Highlights of Phil's presentation
Why??
* Push factors (regulations)
*?Pull factors?(opportunity)
How?
*?Retrofit, New Build, or Hybrid
Retrofit and new build insights
Case study - 78 St James' Street
Case study - 105 Victoria Street
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Have a great weekend and a profitable week ahead!
Johan Tellvik
CEO / ESGrelab.com
Realtor Associate @ Next Trend Realty LLC | HAR REALTOR, IRS Tax Preparer
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