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The Importance of ESG in the Real Estate Investments

Author

Listed:
  • Andreea Larisa Olteanu (Burca)

    (The Bucharest University of Economic Studies, Romania)

  • Alina Elena Ionascu

    (“Ovidius” University of Constanța, Romania)

Abstract

ESG factors—environmental, social, and governance considerations—have gained growing significance within the real estate industry. This study explores the multifaceted impact of ESG considerations on real estate investments and practices. It delves into the evolving investor, consumer, and regulatory landscape, shedding light on the growing importance of sustainable and socially responsible strategies. It also examines the benefits associated with embracing ESG principles in real estate, encompassing enhanced risk management, improved long-term performance, increased stakeholder engagement, and alignment with global sustainability objectives. Furthermore, it discusses the challenges and opportunities inherent in implementing ESG frameworks within the diverse realms of property development, management, and investment. Through an analysis of current trends, regulatory frameworks, and industry practices, this research provides insights into the transformative potential of ESG integration for fostering resilient, socially conscious, and economically viable real estate ventures.

Suggested Citation

  • Andreea Larisa Olteanu (Burca) & Alina Elena Ionascu, 2023. "The Importance of ESG in the Real Estate Investments," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 810-817, December.
    • Handle: RePEc:ovi:oviste:v:xxiii:y:2023:i:2:p:810-817
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    References listed on IDEAS

    as
    1. Graeme Newell & Muhammad Jufri Marzuki, 2022. "The increasing importance of environmental sustainability in global real estate investment markets," Journal of Property Investment & Finance, Emerald Group Publishing Limited, vol. 40(4), pages 411-429, March.
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    More about this item

    Keywords

    real estate; social responsibility; governance; sustainability; environmental factors;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • F64 - International Economics - - Economic Impacts of Globalization - - - Environment

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