The head of ESG at Allianz Real Estate said that making brown buildings green adds only 5% to 10% to renovation costs. Yet some investors are reluctant to make the changes.
Stakeholders across the global industry are failing in their responsibilities, says property investor Allianz Real Estate’s chief sustainability officer.
Most Asian investors still have a poor grasp of the ESG credentials of the supply chain connected to a property or infrastructure investment.
Inflation and economic uncertainty are leading to dwindling opportunities for investors, top executives from both institutions told AsianInvestor.
Dry warehouses could generate all the energy they need from solar panels on roofs.
Some of the big investors encouraging agreements where building owners and tenants can help cut emissions. Still, these deals can be hard to put in place.
In 2018, the German group got the green light to set up the first wholly foreign-owned insurance firm in China. The trailblazing process has since moved the needle for foreign insurers seeking to set up shop on the mainland market.
While leading asset owners point to the global economic slowdown and rising inflation, real estate, in the right sectors, can still offer an effective hedge against inflation.
Abu Dhabi and Qatar sovereign wealth funds eye Indian education technology firm; Korea's NPS commits capital to Blackstone Credit’s sustainable credit platform; Allianz in talks with Chinese banks to set up a majority-owned asset management venture; and more.
The property arm of the European insurer could double down on its Japanese residential strategy within a year.
China Life Insurance appoints new president; Solmaz Altin joins Prudential from Allianz; Temasek director appointed chair of ESG committee at SVCA; Manulife IM Asia CIO for real estate to depart in June with Jessie Liu appointed as his replacement; JP Morgan AM hires from AllianceBernstein; Cbus appoints head of retirement and product governance; and more
The social impact of buildings remains elusive, particularly in Asia, as investors attempt to make the assessment of 'S' in ESG more systemic.