Nareit has released its third annual REIT Industry ESG Report, demonstrating the progress REITs and the publicly traded real estate industry have made in adopting, implementing, executing and reporting on environmental stewardship, social responsibility and good governance practices and outcomes.
In 2020, REITs’ ESG journey advanced further and with more urgency, and this year’s report outlines that:
ESG goals are integrated into corporate strategies;
There is an increasing focus on assessing climate risk and addressing climate change;
There are deliberate efforts to drive for diversity, equity and inclusion in workplaces, board rooms, businesses and communities, and;
The experience of the global pandemic reaffirmed the centrality of health, safety and wellness to the REIT industry’s ESG efforts.
"The advancement of sustainability in all of its facets, including environmental stewardship, social responsi
