On December 8, 2023, GC Insights was honored to be invited as a guest speaker in the seminar “ESG Footprint in Commercial Real Estate” organized by the CoreNetGlobal China Chapter. The topics shared in this seminar included: ESG policy/reporting, low-carbon park practices and case studies, dual carbon goals and green electricity, and energy-saving and emission reduction practices and case studies.
GC Insights hosted the think tank exploration discussion on “Mapping the future ESG footprint in China”. Topics around Policy and Planning, Allocate Capital, Governance and Operations, CRE (Commercial Real Estate) and CSR (Corporate Social Responsibility), Potential Risks, and Risk Management in the field of commercial real estate are discussed with experts from Nokia, KnightFrank, DBS Bank China, and PwC, who uncovered various aspects of China’s commercial real estate ESG footprint.
In the past 20 years, the ESG theory has been widely practiced and promoted by governments and market entities worldwide. It is estimated that by 2025, global ESG assets will reach 53 trillion US dollars, accounting for 1/3 of the global asset management scale. In October 2021, China released the “Action Plan for Carbon Peak before 2030”. In September 2022, an “N+1” policy system for carbon peak and neutrality was formed. In the same year, the State-owned Assets Supervision and Administration Commission of China also established the Social Responsibility Bureau and required 100% of State Owned Enterprises and their listed companies to release ESG reports.
Helping enterprises practice the ESG concept is the mission of corporate real estate managers and service providers. In the future, whether in strategic planning, stakeholder management, project execution, daily operation and maintenance, or services, CRE will revolve around the new development and standards of ESG. CRE’s practice in ESG covers various industries such as building renovation, low-carbon parks, energy-saving and high-efficiency, and material environmental protection.
This event hosted by the CoreNetGlobal China Chapter gathered the latest industry policies and technologies, invited frontier companies and leaders in the industry to share their practices and cases in their respective fields, and jointly explored the unique insights and paths of the CRE industry’s “carbon” reduction for the future.
Contact us to learn more about the latest commercial real estate ESG landscape: info@gc-insights.com
