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ESG at a tipping point | October 2021

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ESG is no longer an option, it’s a ‘must have’

The deployment of new regulations in Europe concerning the treatment of environmental, social and governance (ESG) factors in investment and corporate decision-making has reached a tipping point. We have seen investors and major corporates gradually embed a complexity of ESG related guidance, frameworks and benchmarks into their business operations over the last 20 years - particularly the last five.

The global drive to advance sustainability is creating considerable uncertainty in the investment market for real estate, according to our new report ‘ESG: A Tipping Point’. It points to an urgent need for policy makers to agree on pragmatic, actionable targets that will support the creation of clear, consistent technical standards and benchmarks enabling reallocation of both capital and skills as investors rush to factor new ESG realities into decision-making. In the report we estimate some €7 trillion may be needed to retrofit buildings in Europe to comply with emerging ESG requirements. Download the full report below.

ESG at a tipping point | October 2021

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Related Experts

Damian Harrington

Head of Global Capital Markets Research | EMEA Head of Research

Research

London - West End

I currently have a joint role as a Director Colliers, as both Head of EMEA Research, and Head of Global Capital Markets Research.  I am also part of  our EMEA Location Strategy team.

I have worked within the real estate profession  for over 20 years, living and working from various locations across EMEA including London, Dubai, Prague, Helsinki and Amsterdam. My work and student experiences expanded my horizon to include India and the US. 

I use my experience and analytical skills to take a forward looking view of market opportunities & challenges impacting the industry on behalf of internal and external clients.  During my career I have written research /generated analysis of markets across all asset class types - from residential to offices, retail to logistics and hotels to niche sectors such as life sciences, air cargo and data centres.   I have analysed a variety of subjects and subject matter relevanmt to our industry, examining the impact on real estate such as the changing nature of global capital and the impact on global capital flows, the impact of e-commerce and near/off-shoring on global industrial and logistics markets and the changing nature of the energy and hydrocarbon industry. In addition to developing a view of markets at a very high-level,  I have conducted multiple studies examing the  micro-meso location factors critical in supporting the creation of planning policy at city/regional level, and in supporting investment and occupier decisions on key projects across EMEA, in addition to providing a strategic overview of multiple- markets and locations  as part of the decision making process. 

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Andy Hay

Managing Director, EMEA Property Management

EMEA Operations

EMEA Headquarters

Andy has over 20 years of international experience with an exceptional track record of growth, business development and leading strategic change across multiple sectors. He joins Colliers from CBRE where he was MD EMEA - Property & Asset Management; prior to that he worked for big brands including RAC plc, Diageo plc, and Adidas AG.

Andy will focus on driving the continued growth and success of the EMEA region's Property Management division; improving client experience, developing relationships and optimising its EMEA service delivery model.
 

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Luke Dawson

Managing Director Cross Border Capital Markets

Emea Corporate Group

London - West End

I started with Colliers in 2003 working as Director of Corporate Development with a focus on mergers and acquistions across the globe.  After leading the acquisitions of the Colliers businesses in Russia, Ukraine, and South East Europe, I relocated to the Czech Republic in 2007 to take on the role of Head of Operations for Eastern Europe.  I was responsible for the day-to-day oversight, integration and coordination of the 13 countries.  In 2012 I accepted the position of Regional Managing Director for South East Europe.  In this position I was responsible for business development, key accounts, investment sales and overall business accountability.

In 2014 I left Colliers to run one of the largest private family offices in the middle east.  This involved leading all asset management, acquisitions and dispositions across the globe and the overall leadership of the organization.

In early 2017 I returned to Colliers in my current role.  My focus is on driving our investment sales business across Central Europe.  This means strategically managing regional investment relationships, connecting opportunities and guiding the overall strategy of the service line.  I also have leadership responsibility for the Central Europe businesses as a whole and work closely with the local leaders to grow our businesses.

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Andres Guzman

Head of Sustainability

Finance

London - West End

With over 13 years of industry experience across different sectors, Andres leads the ongoing development and implementation of the Colliers sustainability strategy in the UK and Ireland, which focusses on improving ESG performance and managing associated risk for a range of occupier and investor clients. He is passionate about driving sustainability in all aspects of the business to meet ambitious targets as well as stakeholder expectations. Andres also leads the ESG function for the Colliers property management teams across EMEA providing strategic advice on technology deployment, net zero strategies, EU carbon compliance, workplace wellbeing, and the impact that these trends have on service delivery.

Prior to working at Colliers, Andres worked in the Energy & Sustainability team at Cushman & Wakefield EMEA where he focused on developing and implementing comprehensive Responsible Property Investment (RPI) strategies for key fund management clients and embedding sustainable practices in property management. He sat and chaired various RPI committees helping set and achieve ESG targets. Prior to this, Andres worked in Upstream Sustainability Services at JLL overseeing carbon reporting and compliance services supporting more than 30 major landlords and boosting his team’s productivity.

Andres is a regular presenter on sustainability topics and represents Colliers on various industry groups..

Contact Andres if you'd like to discuss:
• Development and implementation of ESG & Net Zero strategies
• Obsolescence risk management across large portfolios
• ESG data management & reporting
• Community engagement and health & wellbeing
• Renewable energy in commercial property

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