In 2015, the United Nations adopted the 2030 Agenda for Sustainable Development with the intention of ending all forms of poverty, inequalities, and negative climate impacts. To this end, the Sustainable Development Goals (SDGs) were established as a powerful framework to guide structured investments towards long-term financial value and social and environmental impact.
At first glance, it may not be immediately clear how a United Nations effort is relevant to commercial real estate. But stay tuned. While the SDGs are predominantly focused on government entities, many commercial real estate firms have chosen to recognize their value and are promoting and aligning their operations with these goals. Sophisticated ESG strategies use the SDGs to give operational impacts a global context. In the table below, we’ve broken down each of the 17 goals to help you understand how your portfolio ESG objectives could potentially align with the SDGs.
When considering any new framework, it is important to remember that setting measurable goals is necessary to transform your ESG commitments into concrete and actionable tasks against which you can measure progress. If you are looking to deepen your impact and expand your commitments, aligning your existing goals, targets, and programs with the Sustainable Development Goals just might be a good way to start.