Environmental Social Governance (ESG): Journey To The Green Path Target
08/06/2023
Author : Leana Aristodemou
While the government has promised a net zero by 2050 few believe they will live up to the commitment. A recent report from the British Property Federation (BPF) reveals that most of the senior leaders in the property industry believe that current Government policy will not deliver on its promise. They are pretty sure that the Government and industry must collaborate to overcome the property industry challenges with decarbonisation.
The property industry faces a string of challenges, dealing with policies such as the Building Safety Act and the Future Homes Standard. To add to its woes, there is a labour shortage issue while inflation continues to surge northward. This has made it challenging for companies to create quality homes. The industry has been urging the Government to incorporate financial incentives into its policies to support landlords and corporations who want to decarbonise. That said, the government has started giving grants to Registered Providers.
There is a need for drastic changes across the industry to bring about real change. Policies enabling data sharing must be implemented to allow real-world building performance to be more easily monitored and to meet energy demands. There must be a firm policy for encouraging the retrofit of existing buildings and enhancing the national electrical infrastructure. These measures can improve the chance of the government being reelected and having any hope of reaching the 2050 goal.
