ESG: The New Metrics in Construction and Real Estate
25 Oct 2022
News
With engineering and construction making up more than 11 percent of global domestic product, there is a growing focus on how the building industry conducts business. What started as a movement among institutional investors and their financial partners has expanded across almost all sectors, and environmental, social, and governance (ESG) considerations now impact many real estate decisions and capital project planning. Consumer behavior is partly responsible for the change. So is the fact that investors and lenders increasingly view a company’s ESG policies as indicative of how that company is positioning itself for success in the marketplace.
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Royse City is home to a growing number of young professionals and families. The average age within the city is 32 years old, and the educational attainment is higher than the national average. This has led to a population that is active, educated, and earns around $90,000 per year - far more than the national average. With 15,000 new homes in some stage of development, the city’s growth is expected to continue for some time. As it does, investments are being made in parks and recreation and the local school district.