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At the corporate level, the climate action agenda has prompted many organisations in the real estate sector to appoint CSOs to strategise on environmental, social and governance (ESG) initiatives.
The evolving role of the CSO
A recent survey of real estate companies and investment funds in Asia Pacific by CBRE Asia Pacific Research and the US Green Building Council found that 84% of respondents have established CSO positions. They are primarily tasked with monitoring ESG metrics, managing sustainability projects, integrating sustainability…