City Futures Research Centre Arts, Design and Architecture

Institutional Frameworks and the Environmental, Social and Governance Strategies of Global Publicly Listed Real Estate

This study explores the impact of Environmental, Social, and Governance (ESG) ratings on the performance of globally listed real estate companies. It investigates how the ESG performance of these companies influences their financial outcomes, considering variations across different real estate subsectors and institutional frameworks. While the property sector significantly contributes to global energy consumption and carbon emissions, there is limited research on the ESG impact in the context of listed property firms. This study addresses this gap by employing empirical research methods. It examines whether ESG ratings affect the financial performance of global Real Estate Investment Trusts (REITs), accounting for sector-specific differences. Additionally, it explores how legal and institutional frameworks impact the adoption of ESG strategies within the property industry and assesses their moderating effect on the relationship between ESG strategies and financial performance. This research aims to provide valuable insights for policymakers and investors in understanding the role of ESG ratings in the international listed property markets.


Leading organisation

University of New South Wales

Funded by

Property Research Trust

Collaborating partners

Deakin University

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