As the attention on Environmental, Social, and Governance has increased over the last several years in commercial real estate, more investors are using ESG factors as an asset risk management tool and demanding that they become more sustainable and adhere to environmentally responsible principles. So says Tony Liou, founder and president of Partner Energy, a division of Partner Engineering and Science.
Attention surrounding that topic is here to stay. With stricter energy codes on the horizon in cities nationwide, real estate leaders are more focused on sustainability and energy efficiency than ever before. In the past, apartment owners have leaned into anything and everything to help with energy efficiency—from green rooftops to energy reporting software—in order to meet aggressive ESG targets, but architects also are playing more of a role in ensuring that both new and renovated buildings will meet both upcoming mandates and their own green design goals.
According to Nate Thomas, AIA, CPHC, director of sustainability at The Architectural Team, a leading national planner and designer of multifamily and mixed-use communities, "Multifamily developers and owners recognize that investing in sustainability and decarbonization today is an essential step towards reducing long-term operating costs, helping the environment, and improving quality of life for residents."
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