Last week we held our first of several planned intimate roundtable discussions with key property development clients on the important topic of ESG (Environmental, Social and Governance); and the need for the property sector to support actions aimed at achieving the core 2030 sustainability objectives.
ESG is recognised as the 3 pillars that characterise an organisation’s performance on their sustainable goals and legacies.
- Environmental – impact on the planet
- Social – impact on people, including staff and customers and the community
- Governance – how an organisation is governed and are they transparent and accountable?
We know that Australia is committed to the achievement of the UN Sustainable Development Goals (SDG) and the Paris Agreement, but we will need to hasten progress if we are to meet the objectives by 2030. Both the SDGs and the Paris Agreement have 15-year achievement horizons, so time is running out!
The roundtable discussed the need to increase collaboration and cooperation between the government, the private sector and communities with the objective of transforming the existing system.