Episode 355: REITs Increasingly Adopting Practices That Offer Visibility into Their Environmental, Social Performance
REITs are making gains across the board in adopting practices that enable investors to make informed decisions taking into account environmental and social strategy and performance, says Jessica Long, Nareit senior vice president for environmental stewardship and sustainability.
Speaking on the REIT Report, Long noted that Nareit\u2019s latest REIT ESG Dashboard shows that 100% of the top 100 REITs are reporting publicly on ESG in some manner. \u201cREITs really are demonstrating that as an industry, real estate is taking seriously the requests from investors and regulators and other key stakeholders that are saying that \u2018these environmental and social issues are important to us and we want to understand how you're managing those things.\u2019\u201d
One data point in the latest dashboard shows that 89% of REITs are reporting on their climate risk policy. Long noted that these percentages show that REITs \u201care out ahead on this\u2026.and putting in place policies and procedures and looking at the metrics to help better manage this risk and understand what's happening within a REIT\u2019s real estate portfolios.\u201d