In the real estate industry, a multitude of tasks are performed including the purchase of land, construction, renovation of buildings, and many others. In addition, this whole process has a significant relationship with ESG aspects, primarily focusing on issues related to the environment, society, and economy. Speaking about the industry further, it has been observed that it consumes around 40% of global energy. As the sector uses a huge amount of raw materials its direct and indirect impact is connected to the environment. Why is it important to have ESG? The abbreviation ESG stands for environmental, social and corporate governance. It is a measurement that takes into account a company's social and environmental impact on the global community. It brings awareness to the different climate issues that are occurring and encourages businesses to adopt practices and policies that are better for the environment. ESG not only helps businesses by attracting a more diverse workforce to bring in new ideas, but it also helps businesses have a greater positive impact on our world. Read More @ https://astra.grandviewresearch.com/real-estate-industry-esg-outlook