A sustainable point of view

Discussion about ESG in the real estate sector should start from narrowing down this very broad category. It comprises a vast number of elements, including, for instance, the circular economy, addressing social inequalities, and the protection of the environment and natural resources. In real estate, the scope of activities is somewhat limited, but it is vital for the efforts aimed at achieving climate neutrality. This is because buildings have a measurable effect on the environment and their occupants. According to Eurostat, the construction industry accounts for – indirectly or directly (and mainly during occupation of buildings) – app. 40 pct of all energy produced. Moreover, it generates more than 0.8 bln tonnes of waste, i.e. 36 pct of all waste per year. This is why it is so important to understand ESG in real estate, which I define as a set of procedures, measures and rules that are to be the basis for the proper and long-term functioning of the building in a way tha