Costa Smeralda As A Part Of Your ESG Strategy

Costa Smeralda As A Part Of Your ESG Strategy

  • Valeria Petza
  • 10/19/21
It is an increasingly common business practice to evaluate investments, including real estate, using Environmental, Social, and Governance (ESG) criteria. These criteria provide a unique vantage from which to analyze an asset: ESG means examining the social, governance, and environmental impacts a potential investment might have. Environmental, social, and governance factors are now more crucial than ever in real estate. Due to the COVID-19 pandemic, people are more vigilant about monitoring human health risks and the overall effect on our social and economic system. This transformation, combined with a stronger focus on sustainability, could not fail to have repercussions on the real estate sector which, to date, is responsible for more than 40% of global emissions. In the past, real estate professionals only needed to assess a potential investment's chance of earning profit. Today, it is also necessary to consider the benefit provided to society and the environment as a whole. The demand for sustainable, resilient properties is on the rise, as is attention to employee well-being and health. Based on this observation, the ESG rating has become essential to the real estate investment sector. All our investment strategies include the ESG rating, a targeted investment for a sustainable future. We are adapting our real estate assets in line with the transitions needed to address climate change and societal challenges, so as to ensure that our residential assets are able to respond to future trends. Our ESG (Environmental, Social and Governance) beliefs are strong and well-established. They are shared by the entire network of collaborators with whom to establish common parameters.
 
The unspoilt nature of Costa Smeralda was one of the many things that attracted the Aga Khan to this area many decades ago and so, unsurprisingly, sustainability remains a key concern for local businesses. Established among owners of prestigious properties, the Costa Smeralda Consortium ensures, since its foundation in 1962, respect for the natural environment and guarantees, with its careful urban choices, the constant growth in value of buildings within its areas.To date, the volume created in the Consortium, which covers 3114 hectares, is equal to 1 million 703 thousand cubic meters, of which 588 thousand cubic meters of condominium apartments (in total 2415 properties), 447 thousand cubic meters of single villas (in total 548 properties) and almost 265 thousand cubic meters of hotels (in total 13 properties).This makes the Costa Smeralda Consortium an extraordinarily green destination: 2297 hectares are in fact entirely green, equal to 96% of the total consortium territory.The Costa Smeralda Consortium, with the defense of this exceptional natural scenery and with massive investments in infrastructures of low environmental impact, has allowed the properties to increase their market value and the consortium members, who are 3800, to see their investment in Costa Smeralda repaid especially in a long-term perspective. Discover the sustainability of real estate projects proposed by TROPHYASSET.TRAVEL!

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