If you own or manage real estate, you should consider socially responsible value-added capital expenditures.
ESG stands for Environmental, Social, and Governance and refers to the three key factors when measuring the sustainability and ethical impact of an investment in a business or company.
Submetering multi-tenant properties:
- Mitigates water wastes, and water pollution;
- Reduces greenhouse gas emissions, through lower sewer usage;
- Lowers tenant expenses and allows more affordable housing;
- Adheres to Conservation Mandates.
As the real estate icon, Sam Zell stated “It is a myth to think that socially responsible investing comes at a cost – that you will make less money – in fact, the opposite is often the case”.