Allianz executive says property sector failing on ESG

One of Asia’s leading property investors has criticized participants across global property markets, including regulators, for the slow pace of improvements around ESG. “I understand there is a risk of greenwashing, but currently we are wasting too much time with proving we are doing the right things — with debates over reporting, auditable data, and standardisation — instead of doing the right things,” Dr Raphael Mertens, chief sustainability officer for Allianz Real Estate, told…