Sustainability Street: The Rapidly Rising Role of ESG

A conversation with CenterSquare's Uma Moriarity on why ESG risk and opportunity are increasingly top of mind for CRE investors.

Peachtree Corners Town Center’s sustainable features include a 2-acre town green space that hosts regular events, Tesla superchargers and a multi-use trail system. Photo courtesy of CenterSquare Investment Management

For investors, an understanding of environmental, social and governance considerations has quickly gone from a nice-to-have to a must-have, according to Uma Moriarity, global ESG lead for CenterSquare Investment Management. And that will only intensify given mounting regulation and the increasing frequency of extreme weather events.

Uma Moriarity, Global ESG Lead, CenterSquare
Investment Management. Image courtesy of CenterSquare
Investment Management

Welcome Back to Sustainability Street, our podcast on the intersection of commercial real estate and the world we live in. In my latest episode, Moriarity and I discuss the drivers that make having an ESG strategy compulsory rather than voluntary, and how her firm tracks and manages these factors in its own listed and private real estate platforms.

Here’s a sample of the topics covered: Who is CenterSquare? (1:42) ESG data and REIT investment (3:10) Influencing impact on the private side (6:53) Should ESG be one thing or three separate things? (10:28) Rising insurance costs and due diligence (15:52) and regulatory pressures on the horizon (19:32).

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