The COVID-19 pandemic has motivated investors to focus more on climate matters and sustainability in real estate decisions, according to new research from JLL Valuation Advisory, Valuing Retail in its Global Journey to Net Zero Carbon.
The growing awareness and importance of ESG with stakeholders mean all real estate assets — including retail — will be impacted by long-term sustainability challenges. How owners and investors meet these challenges influences asset valuation.
The value of an asset is tightly interwoven with its impact and benefit to its location, community and stakeholders. An important part of supporting value in any retail strategy is to ensure it has a positive social impact for its stakeholders and environment.
“JLL is the essential guide to the changing face of real estate value,” said Mark Wynne Smith, global CEO of valuation advisory