12 MAR 2019
The UNEP FI Property Working Group, in collaboration with RICS, PRI, and members of the Global Investor Coalition on Climate Change, have produced a practical, action-oriented framework to accelerate a new financing paradigm for the delivery of the global SDGs.
25 leading institutional investors and asset managers of the UNEP FI Property Working Group – alongside partners RICS, PRI, IIGCC, AIGCC, and IGCC - have published a new guide for developing and executing an impact-based approach in real estate finance and management. The Positive Impact Real Estate Investment Framework responds to finance sector interest in investment outcomes for productive, equitable, healthy, and resilient economies and societies.
Positive Impact posits a holistic approach to finance, requiring an appraisal of both positive and negative impacts; consideration of all three dimensions economy, society and environment; and transparency and assessment of methodologies and impact achieved.
The Positive Impact Real Estate Investment Framework offers a process tool for institutions to identify impact 'areas of influence' and corresponding investment opportunities, measure ex-ante and ex-post impact, and ultimately re-orient institutional capacities and capital for intentional delivery of outcomes that support the Sustainable Development Goals (SDGs). It draws upon the UNEP FI Impact Radar, guidance that translates the SDGs into meaningful terms for businesses and financing impact assessment.
For dissemination and uptake of the Positive Impact Real Estate Investment Framework, UNEP FI and its collaborating partners will run a series of webinars and events targeting real estate investors in several global regions in the first half of 2019. Further activities for 2019 will include a call for case studies for investments that have applied the Positive Impact Real Estate Investment Framework.
For more information, contact Matthew Ulterino, Property Investment Project Coordinator at UNEP Finance Initiative: firstname.lastname@example.org.
The real estate and built environment sector more broadly can absolutely implement the UN Sustainable Development Goals. We will only get results on sustainability if we help the sector prioritise looking at investments by both their positive and negative impacts, and initiatives like this framework are a tangible way we are supporting professionals to do so.