The Role of “G” in ESG for Real Estate
While the "E" and "S" dimensions have received significant attention, the "G" (governance) dimension is crucial for effective ESG implementation in the real estate industry. This article explores the evolving significance of governance factors, including traditional aspects such as board composition and conflicts of interest, as well as newer considerations like transparency, cybersecurity, and executive compensation. Real estate players are actively embracing these factors to enhance their ESG frameworks, with examples of best practices found in Australia, Europe, Asia, and the US.
Professor Graeme Newell
Professor of Property Investment, University of Western Sydney, Australia
Graeme Newell is Professor of Property Investment at University of Western Sydney, Australia. Graeme has been actively involved in real estate research for over 40 years, with a particular focus on real estate
investment. This research has involved REITs, nonlisted real estate funds, alternate real estate sectors and ESG. He has strong links to the real estate industry, both in Australia and internationally. This includes links with APREA, where he has written several reports for APREA, including reports on the importance of real estate in Asian pension funds. Graeme also has strong links to other real estate professional associations including the Australian Property Institute, Property Council of Australia, ANREV and Investment Property Forum, having prepared a range of real estate reports for these organisations. He has published widely on a range of ESG issues. Graeme Newell is also a member of the APREA ESG committee
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