UK Bodies Propose ESG Metrics for Real Estate Investment

Proposals for “tailored and fit-for-purpose” ESG metrics and product labels have been submitted by real estate organisations to the UK’s Financial Conduct Authority to support its planned Sustainability Disclosure Requirements regime. The submitting parties, which include investor representatives as well as UK and European real estate trade associations, said the proposals could become international industry standards for ESG-related disclosures, and have also sent them to the Task Force on Climate-related Financial Disclosures and the International Sustainability Standards Board. “There is a need for appropriate real estate metrics that support robust, transparent and comparable disclosure for investors to understand both climate and holistic ESG performance,” they said.

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