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As an outcome of the Paris Climate Agreement 2016 and the recently concluded Glasgow Climate Change Conference 2021, several nations and governments have committed to curbing global temperature rise to 1.5°C above pre-industrial levels to avoid the catastrophic impacts of climate change. Every sector has a role to play in helping India move towards a zero-carbon economy by 2070. The Real Estate sector here in India must also transform by implementing various Environmental, Social, and Governance (ESG) measures to reduce its carbon emissions at scale as the sector continues its rapid growth. However, in order to ensure the large-scale adoption and implementation of ESG principles, we need to incentivize real estate organizations and provide them with the necessary frameworks and tools to enable them to move towards zero-carbon developments. This research paper highlights the current status of the ESG implementation by the Real Estate companies in India and what incentives would motivate them further to adopt ESG at scale and move towards zero carbon.
Keywords:
ESG; policy; real estate; incentives & stimuli; sustainable investing; zero-carbon
Cite Article:
"ESG Adoption in the Indian Real Estate Sector: A Study ", International Journal of Science & Engineering Development Research (www.ijrti.org), ISSN:2455-2631, Vol.7, Issue 8, page no.1428 - 1446, August-2022, Available :http://www.ijrti.org/papers/IJRTI2208232.pdf
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ISSN:
2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator