Perspective on ESG in Real Estate by the Middle East

Mete Varas
ME PropTech Initiative
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ESG, comprising Environmental, Social, and Governance pillars, holds paramount importance across industries. In the context of the Built Environment, these pillars gain heightened significance due to the sector’s direct influence on the physical environment and societal wellbeing. From climate impact and resource management to labor standards and community welfare, the Built Environment intersects with key ESG considerations.

Technological advancements and innovative solutions emerge as indispensable tools in addressing these multifaceted challenges. Indeed, ESG serves as a potent driver compelling the industry to adopt progressive solutions.

It’s encouraging to witness the gradual deepening of the Middle Eastern ecosystem. Founders spanning from Egypt to Jordan and the UAE are introducing notable solutions, mostly inspired by regional resources. Their focus on areas such as, carbon reduction and programs, recycling, waste management, and water conservation underscores the commitment to sustainable development within the region.

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