ULI Europe Young Leaders Newsletter: December 2022
An update on all the Young Leaders Europe initiatives - December 2022
January 11, 2023
ULI and Ferguson Partners Highlight Importance of Climate Action Despite Widespread Economic Challenges in Third Annual Sustainability Outlook
NOTE TO REPORTERS AND EDITORS: Members of the media and public are invited to a free webinar on the Outlook’s key findings Wednesday, January 11, from 1-2 p.m. Eastern. Click here to register.
WASHINGTON (January 11, 2023) – Taking action on climate change will be a central theme for the real estate industry in 2023, according to the over 50 sustainability experts who informed a new report from the Urban Land Institute (ULI) and Ferguson Partners. Real estate firms across the Americas, Europe, and Asia Pacific feel a sense of urgency to address climate risk in their portfolios and it is evident that the industry is working to measure material considerations in transactions and valuations.
The ULI Global Sustainability Outlook 2023 provides an overview of the widespread challenges facing developers and investors as they attempt to balance implementing longer-term measures to address climate risk with the shorter-term need for return on investment. The report emphasizes the place for cooperation across the real estate value chain, the importance of assessing sustainability in valuation, and the drive toward more transparent and consistent climate regulation.
“Despite the pending recession, real estate is poised to drive value across the industry in 2023 by investing in building decarbonization and sustainability,” said Marta Schantz, co-executive director, ULI Randall Lewis Center for Sustainability in Real Estate. “Increasingly, the regulatory landscape encourages greater climate action, and real estate has an opportunity to collaborate with stakeholders across the value chain to accelerate that progress. We hope this year’s outlook can provide guidance for real estate professionals that are looking to get smart on sustainability issues for the year ahead.”
“Our goal is to help organizations develop, evolve and manage ESG and sustainability strategies with measurable results that realize their ESG goals,” said Ferguson Partners’ Matthew Hardy, who leads the firm’s Australia and New Zealand business and its ESG and sustainability-related initiatives globally. “It is clear these are fundamental to the ethical and fiduciary responsibilities required today. We are proud to partner with ULI on sharing best practices that will help drive this much-needed progress amid the growing climate crisis.”
This is the third edition of the ULI Global Sustainability Outlook, which features insights from ULI member experts on the key ESG issues that will influence strategic decision-making in the year ahead. The report is based on roundtable interviews with members of the ULI Americas Sustainable Development Council, the ULI Europe Sustainability Council, and the ULI Asia Pacific Resilient Cities Council.
The report identified five issues that will shape real estate decision-making in the year ahead:
The full ULI Global Sustainability Outlook 2023 report is available on ULI’s Knowledge Finder platform.
For more information, email firstname.lastname@example.org
About the Urban Land Institute
The Urban Land Institute is a non-profit education and research institute supported by its members. Its mission is to shape the future of the built environment for transformative impact in communities worldwide. Established in 1936, the institute has more than 45,000 members worldwide representing all aspects of land use and development disciplines. For more information on ULI, please visit uli.org, or follow us on Twitter, Facebook, LinkedIn, and Instagram.
About Ferguson Partners
Since 1989, Ferguson Partners has built a reputation as the premier firm dedicated to serving the human capital and organizational consulting needs of the real assets industries, with global services including executive and board recruitment, compensation, leadership and management consulting, and helping organizations capitalize on the advantages of great leadership.
Don’t have an account? Sign up for a ULI guest account.