I am a fan of numbers and statistics. We knew sustainability and climate change had moved up the Real Estate agenda, but here we have some actual figures - some significant figures - showing the impact on investment choices. There has been a massive growth in environmental, social and governance ("ESG") investing over recent years, and this trend looks set to continue.
Further government intervention is also on the horizon; the consultation on the increase in minimum energy efficiency standards closed last month.
Between these investor pressures and increased regulation, the message is that the Real Estate sector needs to seriously consider what practical steps should be taken now to address sustainability and climate change. Forward thinking by property owners is key to avoid being caught short, taking a financial hit and to make sure properties (and leases of them) remain attractive to investors and tenants.