ESG is framing real estate conversations around sustainability, and PropTech is taking action.
ESG application has the potential to forever change the ways of conducting business. It is lauded as a tidal wave that will reform how companies manage and produce in the name of sustainability and a better future. But, how much easier is it said than done?
After all, it is increasingly easy to miscategorize ESG as a buzzword that companies and newsrooms fling around to align themselves with changing consumer interests. However, change has begun. It remains a large task, especially with no centralized reporting standard – no “blue tick.”
For example, an oil company is held to a different standard than a Shenzhen-based tech startup. Even within industries, there is a huge difference – residential versus industrial developments. However, that does not mean business leaders cannot get started implementing ESG. In fact, the quicker they adopt sustainable practices, the more they will be rewarded in the long run.
BEAM and LEED are two certifications that incentivize green development, and the right kind of community approval can be worth more than any subsidy. In order to fulfill their missions of creating better experiences through products and services, businesses need to ensure they do the same for the environment and society.
As usual, we hope that our two episodes on ESG were insightful. If you didn’t catch the first one, watch it in the link below, and thank you for watching.
▶ About the guest Arthur Lam and Gary Walter:
Arthur is the co-founder and CEO of Negawatt Utility and the co-founder of Synergy Group. Negawatt is a winning prop-tech startup that clients— who include some of the biggest names in Hong Kong property—with its proprietary Negawatt Building Operation System that enables more efficient construction, operation, and demolition. Deployed in retail and commercial properties across Hong Kong, it is helping buildings to save on energy consumption.
Arthur was awarded the 2019 Best Technology Award – IFMA 2017, and Negawatt listed as Forbes China Top 100 Most Promising Public Listed Company.
Gary is a Chartered Surveyor and has over 11 years of experience in the real estate industry with Swire Properties and Colliers International. He undertook projects across the whole Asia Pacific region, including Mainland China, Japan, Malaysia, Indonesia, Cambodia, and the Philippines, and has worked in multiple sides of the industry, from development to asset management, valuation, brokerage, and consultancy. Frustrated by the lack of reliable data across Asia, he founded Realinflo to raise standards and transparency. In 2016, Gary was awarded the Excellent Young Achiever of the Year in the Hong Kong RICS Awards. You can also find him speaking regularly at PropTech events in Hong Kong. Contact Gary and his team here: Corporate Website: https://www.realinflo.com/about/ Email: firstname.lastname@example.org
▶ Contact Arthur and Gary here:
Corporate Website: http://negawatt.co/#/
Contact Gary and his team here:
Corporate Website: https://www.realinflo.com/
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