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The rise of environmental, social and governance (ESG) factors has accelerated in the worlds of finance, politics and the multifamily housing industry. It has accumulated new designations and labels along the way including green finance, social impact investing and mission-driven finance.
Today’s owners/operators face a choice: either embrace sustainability now and be well prepared for upcoming changes or delay and struggle to catch up later. Ignoring ESG will become increasingly difficult as demands begin to arrive from multiple sides.
Although each facet of ESG is vital to keeping society on the right path, sustainability in rental housing is becoming increasingly prevalent. Operators and investors are tapping into various products and services that encourage an environmentally-conscience community.