Green living: How the apartment industry is engaging with ESG
The apartment sector has been among the most attractive property types for investment amid the COVID-19 pandemic. And given that environmental, social and governance (ESG) factors are of increasing importance to investors, ESG in the apartment sector deserves particular attention.
Residential assets have unique challenges when it comes to implementing ESG, especially on the environmental front. The apartment sector is uniquely well positioned to participate in a social investment strategy, as affordable housing can be placed under the umbrella of impact investing.
When it comes to ESG implementation, the apartment industry faces different challenges than other property types. Education and engagement are key, as are providing the right types of amenities.
“ESG program strategies need to be tailored to the needs of the specific property type, and each property type will face its own set of hurdles. Some of the challen