ESRS E1 - Climate change
Topic | Climate change |
Sub-topic | Climate change adaptation |
Sub-sub-topic |
|
IRO | Risk |
Location | Own operations |
Time-frame | Long-term |
Title | Climate change threatens building’s resilience. |
Example | Real estate companies encounter significant physical risks due to climate change, including flooding and extreme weather events, which can lead to substantial insurance costs and damage fees. To mitigate these risks, CBRE is proactively assessing potential threats and enhancing building resilience to reduce the likelihood of climate-related damages. |
Reference | CBRE Sustainability Report, 2023 |
ESRS E2 - Pollution
Topic | Pollution |
Sub-topic | Pollution of soil |
Sub-sub-topic |
|
IRO | Impact - actual negative |
Location | Own operations |
Time-frame | Long-term |
Title | Soil contamination from real estate development. |
Example | Soil contamination from past industrial activities can affect real estate development. CBRE is involved in remediation projects to clean up contaminated sites. |
Reference | CBRE Sustainability Report, 2023 |
ESRS E4 - Biodiversity and ecosystems
Topic | Biodiversity and ecosystems |
Sub-topic | Direct impact drivers of biodiversity loss |
Sub-sub-topic | Land-use change, fresh water-use change and sea-use change |
IRO | Impact - actual negative |
Location | Own operations |
Time-frame | Long-term |
Title | Building on new land harms biodiversity and natural ecosystems. |
Example | Real estate developments can impact land use and local habitats, especially when building on virgin land. CBRE is implementing measures to minimise habitat disruption during development projects. |
Reference | CBRE Sustainability Report, 2023 |
ESRS S1 - Own workforce
Topic | Own workforce |
Sub-topic | Equal treatment and opportunities for all |
Sub-sub-topic | Training and skills development |
IRO | Opportunity |
Location | Own operations |
Time-frame | Long-term |
Title | Clear development programs encourage employee retention. |
Example | Clear career progression paths can enhance employee retention and thus lower hiring costs. JP Morgan Chase offers extensive career development programs to support employee growth. |
Reference | JP Morgan Chase Sustainability Report, 2023 |
ESRS S2 - Workers in the value chain
Topic | Workers in the value chain |
Sub-topic | Working conditions |
Sub-sub-topic | Social dialogue |
IRO | Impact - potential positive |
Location | Own operations |
Time-frame | Medium-term |
Title | Social impact assessments positively engage the community. |
Example | Skanska performs social impact assessments before starting major construction projects, helping to mitigate the negative impacts on communities and involve them in the decision-making process. |
Reference | Skanska Sustainability Report, 2023 |
ESRS G1 - Governance
Topic | Governance |
Sub-topic | Business ethics |
Sub-sub-topic |
|
IRO | Opportunity |
Location | Own operations |
Time-frame | Medium-term |
Title | Strengthening ethical governance to enhance transparency and trust in real estate operations |
Example | In the real estate industry, maintaining high standards of business ethics is crucial for fostering trust with clients, investors, and the community. Implementing robust governance frameworks that emphasise integrity, accountability, and compliance with regulatory standards can mitigate risks associated with corruption and unethical practices. For example, Jones Lang LaSalle (JLL) has established a comprehensive code of conduct that guides employees and partners on ethical behaviour, ensuring fair dealings and transparency in all business transactions. This commitment to ethical governance has enhanced JLL’s reputation as a trusted real estate advisor and strengthened relationships with stakeholders. |
Reference | JLL Corporate Responsibility Report, 2023 |