Source: Urbanland —
The real estate industry’s momentum on climate action only continues to grow as the new year begins, as demonstrated by the newly released ULI Global Sustainability Outlook 2023 report. At the same time, macroeconomic uncertainties, properly pricing transition risk, the growing intensity of climate hazards, and being able to proactively address government regulations pose new and continued challenges for the real estate and land use sectors.
The ULI Randall Lewis Center for Sustainability in Real Estate, in concert with sponsor Ferguson Partners, convened a series of roundtables to gain member input on the publication, engaging experts and ULI members from sustainability-focused product councils in the Institute’s three regions—the Americas, the Asia Pacific, and Europe. Previous years have seen the sector strategizing on environmental, social, and governance (ESG) and articulating plans for net zero, but now comes the urgent need to turn words into tangible action. The insights from the roundtables informed this year’s publication, revealing five key priority areas that will affect the real estate decision-making.
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