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Both institutions joined forces for a forum focusing on commercial real estate sustainability trends in the coming year.
The ESG in 2023 Commercial Agency Breakfast, to be held in Canberra on 23 February, will “take a deep dive into sustainability in commercial real estate from every angle, practitioner, investor, and occupier,” according to Real Estate Institute of Australia (REIA) president, Hayden Groves.
He explained the event will touch on numerous topics, “be it energy efficiency, an increase in renewables investment and the value-rise for buildings with sustainability features,” while chronicling “the journey of the Australian government in implementing their new net zero goals.”
For Australia’s $1.1 trillion commercial real estate sector, Mr Groves declared, “There is no shortage of ESG issues to consider.”
The event is part of a broader REIA Commercial Agency Engagement Program, powered by Re-leased.
According to Real Estate Institute of the ACT (REIACT) chief executive officer Maria Edwards, adding value to Canberra and the territory’s commercial practitioners while the institute simultaneously develops its future commercial agency strategy is a primary objective in the coming year.
She explained, “The ACT generally leads the way when it comes to ESG in real estate in both residential and commercial and there is a lot to be gained from understanding what works and what doesn’t from the perspective of the practitioners.”
“We are delighted to be working with [the] REIA on bringing expert insights to the ACT on all things sustainability and re-engaging our commercial agents,” she concluded.
The keynote panel speaking at ESG in 2023 features:
- Sameer Chopra, Head of Research, Pacific and ESG Asia Pacific, CBRE
- Melissa Hardy, Director, Business Performance and Technology, QIC
- Alison Scotland, Executive Director, Australian Sustainable Built Environment Council
- Toby Kent, Partner, Energy Transition, ESG Lead PwC Private
The event is open to all commercial practitioners who are encouraged to RSVP to secure a free spot by 13 February 2023.
Environmental, social, and governance (ESG) considerations have long been spoken about in real estate circles as items to watch moving forward.
Late last year, Peter Rose, the chief revenue officer at Forbury, opined in REB that Australian real estate practitioners may be forced into factoring ESG considerations into their decisions this year, arguing that climate change, and the severe weather events it births, may drive this trend.
Mr Rose was not alone in raising ESG considerations throughout 2022, with KPMG stating more businesses need to build on their commitments with actions.
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