The impact of institutional frameworks on the ESG strategies of global publicly listed real estate
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Citation: Professor Chyi Lin Le, Dr Jian (Jerry) Liang (2024) The impact of institutitional frameworks on the ESG strategies of publicly listed real estate.
London: Property Research Trust. DOI: https://doi.org/10.52915/LKMV4966 Keywords: Real Estate, sustainable development, environmental, social, governance, ESG strategies, emissions trading systems, carbon taxes, green building certifications, institutional frameworks, environmental regulations |
Summary:
Real estate plays a critical role in advancing sustainable development, necessitating that companies within the sector implement environmental, social, and governance (ESG) strategies. Globally, governments have introduced policies to promote initiatives, including emissions trading systems (ETS), carbon taxes (CT), green building certifications, and ESG reporting requirements, reflecting a growing interest in ESG among international real estate investors and stakeholders. This report explores the convergence of ESG performance, institutional frameworks – particularly environmental regulations such as ETS – and financial outcomes within the real estate sector. |
Authors
Professor Chyi Lin Lee is a distinguished academic in property at the University of New South Wales. With a prolific output of over 75 Scopus-indexed articles, his research spans top-tier property and multidisciplinary journals such as Habitat International, Housing Studies, Regional Studies, Journal of Cleaner Production, and many others.
Dr Jian (Jerry) Liang is a senior lecturer of property economics within the School of Economics and Finance at Queensland University of Technology (QUT). His research in ESG and listed real estate, financial disclosure of REITs, and housing has been widely recognised, with numerous publications in esteemed academic journals.
Dr Jian (Jerry) Liang is a senior lecturer of property economics within the School of Economics and Finance at Queensland University of Technology (QUT). His research in ESG and listed real estate, financial disclosure of REITs, and housing has been widely recognised, with numerous publications in esteemed academic journals.