Real Estate decisions make up a large part of the ecological footprint of companies. According to “Royal Institution of Chartered Surveyors" (2010) buildings and affiliated construction activities contribute for 40 percent of the worldwide CO-2 emissions and buildings consume 40 percent of all energy. Commercial Real Estate, in this regard, contributes considerably.
The outcome of my Master Thesis: “Sustainability in the Dutch Office Market (Amsterdam School of Real Estate, MSRE 2012 and Msc 2015) have confirmed me that there is only one way to go, and that is the road of sustainability.
The real estate sector shows increasing involvement into sustainability. INREV reported in November 2013 that the European non- listed real estate sector outperforms the worldwide averages regarding sustainability, but that it was heavily focused on some aspects of policy and on the subject of communication to its investors. INREV demonstrated that there is space for improvement regarding transparency to investors.
With institutional investors MC Capital sees increasing significance regarding sustainability. VBDO (October 2014) showed, in its research into a large group of institutional investors in the Netherlands, that more and more pension funds consult their participants regarding sustainable investments. Investment policies however, according to VBDO, are still heavily determined by fiduciary managers, rather than the boards of individual pension funds and its participants. The immersion, quality and evaluations of the consultations need to be improved.
MC Capital experiences that boards of various pension funds can pick up a more leading role regarding sustainable investing and evaluations. MC Capital advises investors regarding the establishment of individual sustainability policies. With this investors will be in the position to test the policies of Managers. Moreover investors will be in the position to have more influence on Managers.
The outcome of my Master Thesis: “Sustainability in the Dutch Office Market (Amsterdam School of Real Estate, MSRE 2012 and Msc 2015) have confirmed me that there is only one way to go, and that is the road of sustainability.
The real estate sector shows increasing involvement into sustainability. INREV reported in November 2013 that the European non- listed real estate sector outperforms the worldwide averages regarding sustainability, but that it was heavily focused on some aspects of policy and on the subject of communication to its investors. INREV demonstrated that there is space for improvement regarding transparency to investors.
With institutional investors MC Capital sees increasing significance regarding sustainability. VBDO (October 2014) showed, in its research into a large group of institutional investors in the Netherlands, that more and more pension funds consult their participants regarding sustainable investments. Investment policies however, according to VBDO, are still heavily determined by fiduciary managers, rather than the boards of individual pension funds and its participants. The immersion, quality and evaluations of the consultations need to be improved.
MC Capital experiences that boards of various pension funds can pick up a more leading role regarding sustainable investing and evaluations. MC Capital advises investors regarding the establishment of individual sustainability policies. With this investors will be in the position to test the policies of Managers. Moreover investors will be in the position to have more influence on Managers.
