On March 6, 2024 the Securities Exchange Commission (SEC) issued their final rule requiring the standardized disclosure of climate-related risks, including related governance, strategy, risk management, and metrics and targets. SEC Chair Gary Gensler noted that the final rule provides “investors with consistent, comparable, decision-useful information, and issuers with clear reporting requirements.”
California Climate Disclosure Regulation
RE Tech breaks down who will be impacted by California’s new climate-focused legislation and provides an overview of what is to come once it becomes law. RE Tech breaks down who will be impacted by California’s new climate-focused legislation and provides an overview of what is to come once it becomes law.
ESG AT A TIPPING POINT FOR REAL ESTATE: BACKGROUND, RECENT DEVELOPMENTS, AND ESG TRENDS AND OPPORTUNITIES
RE Tech’s President Deb Cloutier coauthored this article on the ESG landscape around Real Estate which was published in the ALI CLE’s “The Practical Real Estate Lawyer”.
ESG’s Missing Link: The Need to Better Connect Reporting to Returns
A significant part of what GRESB and other ESG frameworks assess is simply one’s ability to report and organizational willingness to commit resources to the reporting process.
These frameworks measure what policies and activities are in place, and in some cases, broad environmental performance metrics like year over year carbon emissions. These types of reporting scores can provide insight into what you are doing, but they cannot determine if what you are doing is effective…if your strategy is on point. They cannot measure the quality of your thinking. This is where an ESG thesis is critical.
Quick Takes: The IRA, ESG, and CRE
We broke down how firms can take advantage of the Inflation Reduction Act (2022). With $370 billion invested into climate and energy programs, alongside other policy changes, including tax reform and healthcare subsidies, there are numerous opportunities at play for the real estate industry.
RE Tech’s Reaction to the Inflation Reduction Act (2022)
The House passed the Inflation Reduction Act, sending it to Biden’s desk for signature. This bill will invest $370 billion into climate and energy programs, alongside other policy changes including tax reform and healthcare subsidies.