ESG emerges as a key trend in PH property sector
MANILA, PHILIPPINES — Most property investors have been putting significant considerations for Environmental, Social & Governance (ESG) factors in their decision-making process, said real estate agency Santos Knight Frank (SKF).
During a press conference, SKF explained that ESG helps stakeholders understand how an organization manages risks and opportunities related to environmental, social, and governance criteria.
The benefits of ESG reporting include having the ability to identify and manage risks and opportunities related to environmental and social impact and building a relationship of trust and transparency with investors and stakeholders.
Thus, SKF added that ESG helps attract investors to different real estate assets and the companies behind these other property sectors.
At the same time, SKF reported that other property investors are keen on green leasing for sustainability.
The real estate expert said landlords and occupiers would need to work together to achieve ESG and Net Zero targets, especially now that they expect more foreign companies to locate in the Philippines amid the economic crisis.
