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Circular economy in ESG strategies of real estate and construction sector entities. Directions of implementation and untapped potential

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  • Beata Wieteska-Rosiak

Abstract

The paper examined the approach to shaping the circular economy (CE) in the ESG strategies of real estate and construction sector entities in response to climate change. The theoretical perspective indicates models and possibilities of applying the circular solutions in construction investments. The aim of the article is to identify the directions of implementation of circular economy principles by entities in the real estate and construction sector. Based on the analysis of the ESG strategies of entities from the real estate and construction sector (WIG real estate and construction index), this study leads to the conclusion that entities are becoming more and more active in implementing solutions from the circular economy, which is an opportunity to spread good practices to all real estate market stakeholders. The circular activities specified in the analyzed strategic documents differ in terms of type and scope of implementation. On the one hand, there is a positive direction in the implementation of circular principles and, on the other hand, there is still untapped potential for the development of the circular economy in real estate and construction. Unlocking the sustainable and circular potential requires stimulating the development of financial, economic, legal and social conditions by public, social and private sector.

Suggested Citation

  • Beata Wieteska-Rosiak, 2024. "Circular economy in ESG strategies of real estate and construction sector entities. Directions of implementation and untapped potential," ERES eres2024-087, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2024-087
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    File URL: https://eres.architexturez.net/doc/oai-eres-id-eres2024-087
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    More about this item

    Keywords

    circular practices; Climate Change; Sustainability Reporting; Sustainable Real Estate;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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