Sustainability, energy efficiency and social governance are also of great importance in the real estate industry. In this context, real estate companies are increasingly demanding that their buildings have a lower or zero carbon footprint. This development is summarized in the ESG measures, among others.

The “E” stands for Environmental and deals with the factors climate, resources or biodiversity. The “S” stands for Social and deals with issues such as employees, user comfort, safety and health. The “G” stands for Governance and covers topics such as risk and reputation management, supervisory structures, compliance and corruption.

Transparent data is necessary to make ESG measures visible. Digital tools can be used, for example, to automate processes in reporting and controlling or to easily record consumption data. Artificial intelligence can help analyze and interpret data. Managers, investors or tenants can take these insights into account when making future decisions.

The smart home services trend is very closely linked to ESG measures. Among other things, intelligent thermostats can automatically turn off the heating when no one is home or a window is open.