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No clear correlation yet between Singapore property firms' ESG, financial success: IREUS
Some companies could be performing well financially but scoring lower in ESG because of a lack of green ratings for their assets, says institute's Lee Nai Jia
Published Wed, Apr 6, 2022 · 09:50 PM
Singapore
PROPERTY companies that score well on environmental, social and governance (ESG) metrics may not necessarily enjoy higher returns, according to an analysis by the Institute of Real Estate and Urban Studies (IREUS) at the National University of Singapore.
The research institute examined ESG scores calculated by financial markets data and infrastructure provider Refinitiv for Singapore-listed companies in the real estate services sector, including developers, and real estate investment trusts (Reits).
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