What Does The Future Of Sustainability & Social Responsibility Look Like For Commercial & Domestic Real Estate?

Let's Talk South Coast Podcast

In episode seven of our second series of Let’s Talk South Coast, our host Nella Pang is joined by Jonathan Trice, Director at Omega RE to talk about the impact that ESG and EPCs are having on both businesses and consumers.
What you’ll hear about in this episode:

• What ESG stands for and why it has been hitting the headlines
• How the increase in the level of choice for consumers means they are demanding their ethos is matched by the businesses they interact with
• Why companies are working towards B Corp certification and what it means for consumers
• The growing importance of ESG to investors
• The changes in the demands from tenants on real estate and how to adapt to this
• How the design of buildings is changing to incorporate more break out and collaborative spaces
• The increase Jonathan is seeing in use of sustainable materials and technologies
• Jonathan’s advice on what landlords can do to improve the EPCs
• How developers need to keep in mind their end client when building/renovating especially as they may be limited on what they can invest in based on EPC and ESG requirements

Companies Mentioned:

• Patagonia
• JLL
• Knight Frank
• Halo ARC

Key Insights From This Episode:

• I think from a general society perspective there is a move towards more corporate accountability, where large businesses are having to prove to their customer base that they are fulfilling staff welfare, they're fulfilling their promises on sustainability. - Jonathan
  
• B Corp is a certification that companies can get that shows that they have changed or adapted the way that they do business to reflect a, a checklist of, of positive things. - Jonathan
  
• If you subscribe to the fact that tenants are your customer base, what the customer is demanding from his real estate is changing and you have to adapt to that. - Jonathan
  
• That's what I've noticed the most is you're seeing a lot of things that you would typically associate with office buildings coming through into industrial units and focusing on mainly sustainability. - Jonathan
  
• You're certainly seeing in offices a lot more sophisticated building monitoring systems and readouts that show quality of air within the building, how much is being circulated, particularly how much energy the building's consuming, and how that's being mitigated through sustainable features of the building. - Jonathan
  
• So I think in order to be truly sustainable and really focused on these things, every decision has to be looked at through a sustainability lens. - Jonathan

About Our Guest:

Jonathan is the Director at Omega RE and has previously worked at both JLL and Knight Frank.

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