On May 22, 2023, a group of experts from Nareit, KPMG, Green Street, and JBG SMITH convened to discuss Nareit's ESG Dashboard. This powerful tool serves to track the environmental stewardship and social responsibility efforts of REITs. During their discussion, the panelists delved into the progress made by the REIT industry over the past six years, particularly in the realm of reporting on environmental and social areas. They also explored the intricacies of sustainability reporting and how regulation and governance oversight have elevated diversity and climate risk to the forefront of investment considerations. Overall, their discussion was insightful and informative, offering a comprehensive overview of the current state of the industry and its ongoing efforts to promote responsible business practices.
Learning objectives:
- Understand why REIT reporting on ESG is important information for commercial real estate investors.
- Learn the benefits of investing in sustainable buildings.
- Find out how ESG reporting is helping investors identify and mitigate environmental, social, and governance risks and capitalize on ESG opportunities.
- Define how sustainability factors can affect the valuation of commercial real estate properties.
- Gain knowledge on how ESG reporting can help REITs build relationships with institutional investors and other stakeholders.
Panelists:
- Nicole Funari, VP, Research, Nareit
- Daniel Ismail, Managing Director and Co-head of Strategic Research, Green Street
- Christina Kaminski, Managing Director, KPMG
- Kimberly Pexton, SVP, Sustainability, JBG SMITH
- Jessica Long, SVP, Environmental Stewardship & Sustainability, Nareit (moderator)