When it comes to sustainability, REITs (Real Estate Investment Trusts) have made significant strides over the years in terms of environmental practices. They’re reducing energy and water use, lowering carbon footprints and improving waste management.
Yet, the idea of sustainability has come to encompass more than just environmental impact. More companies—and the stakeholders that monitor them—are broadening their definition of sustainability to include environmental, social and governance factors, commonly referred to as ESG.