Real estate
A solid investment case for incorporating ESG factors, a competitive market and well-established regulation have encouraged real estate investors to implement some of the most comprehensive approaches to responsible investment.
Nevertheless, ESG factors such as climate risk, and fragmented sustainability standards, still pose challenges to responsible investment in real estate. To find out more about the PRI’s work on real estate, contact us.
PRI has carried forward the activities of the UNEP FI Property Working Group (PWG) since January 2022. The PWG was a longstanding investor programme of UNEP FI comprised of leading asset owners and managers focused on driving financial returns through ESG integration. The mix of thought leadership and applied practice projects across ESG data, carbon emission reductions and climate risk, SDG alignment, and investing for health and wellness outcomes, will continue within PRI’s Investment Practices. The library of UNEP FI property publications remains available at the UNEP FI website.
Latest reports
Assessing physical climate risk in private markets: A technical guide
This guide details a three-part process for private markets investors to assess physical climate risk.
Real estate: Insights from the 2023 reporting cycle
Reporting data shows real estate investors are increasingly integrating asset class specific ESG guidelines into their responsible investment policies.
Mapping ESG: A landscape review of certifications, reporting frameworks and practices
Explore the latest ESG mapping report by ULI, INREV and PRI
Human rights in private markets: tracking and communicating performance
Key points from a workshop on 15 November 2022 where private markets industry participants discussed how to track and communicate performance relating to human rights.
Practical guides and tools
An introduction to responsible investment: real estate
A guide to managing ESG issues in real estate
ESG incorporation in real estate – what best practice looks like
Real estate investors not only play an important role in encouraging net zero targets in the sector, they also can play a part in bringing about positive social change.
Responsible investment DDQ for real estate investors
This due diligence questionnaire (DDQ) has been developed to help investors better understand and evaluate real estate managers’ approaches to responsible investment.
TCFD for real assets investors
Implementing the recommendations of the Taskforce for Climate-related Financial Disclosures in physical assets like property, infrastructure, forestry and farmland.
Sustainable real estate investment: Implementing the Paris climate agreement
Identify key drivers and overcome the most common barriers to action for integrating ESG and climate change risks into real estate investments.
Commercial real estate: unlocking the energy efficiency retrofit investment opportunity
Report by the UNEP FI Property Working Group
Incorporating climate change in private markets: An investor resource guide
A guide on the publicly available resources and initiatives available for direct and indirect private equity and real assets equity investors to help them incorporate climate change considerations in their investment process.
Webinars
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Case studies
CBRE Investment Management: assessing physical climate risk for a diversified European core fund
Maintaining assets’ usability and long-term value by building resilience to physical climate risk hazards.
Fidelity International: transitioning real estate assets to net zero
Making the best use of existing resources to meet targets.
Savills Investment Management: embedding climate resilience
Adapting real assets to become climate resilient.
Divercity Urban Property Fund: Jewel City Precinct
Benchmarking affordable housing development projects against the UN Sustainable Development Goals
- The PRI is an investor initiative in partnership with UNEP Finance Initiative and UN Global Compact.
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