Renewable Rides Ep 60: Maximizing NOI, Tenant Experiences and Property Valuations with Onsite Energy - Insights from Head of Real Estate Responsible Investment at Calvert
Is sustainability the key to the future of real estate? Brendan McCarthy, Head of Real Estate Responsible Investment at Calvert Research and Management, explores how ESG (Environmental, Social, and Governance) practices are transforming the commercial real estate landscape. In this episode, Brendan shares his journey from traditional finance to sustainability-driven real estate, and how capital markets can be a catalyst for positive change. He delves into the financial impact of addressing climate risks and the importance of sustainable capital allocation.
You will learn about the economic and operational hurdles in implementing sustainable practices in real estate, from energy efficiency to managing climate risks. Brendan also addresses common misconceptions among real estate owners and emphasizes why tackling these challenges now leads to long-term benefits, including higher property values and reduced financing costs.
What You'll Learn In Today's Episode:
- How sustainability is reshaping the real estate sector.
- The financial benefits of addressing climate risks early.
- Challenges of implementing sustainable real estate practices.
- The importance of energy efficiency and decarbonization.
- Why green leases are gaining popularity.
- The impact of stranded assets and how to avoid them.
- The role of human capital in driving sustainability.
- Overcoming objections from real estate owners.
- ESG integration into capital markets.
- Financial materiality of climate risks in property valuation.
Resources In Today's Episode:
- Brendan McCarthy: LinkedIn
- Morgan Stanley
- Calvert
- Gareth Evans: LinkedIn
- Dan Roberts: LinkedIn
- VECKTA: News
You can view a video of the conversation on VECKTA's website here: https://tinyurl.com/424anat6