The United Nations recently issued
a report on the need for property investors to invest in eco-properties. This is a timely piece of advice for the real estate industry which has managed to create a huge carbon footprint and can be very destructive of natural land and environments.
The report entitled
“Building Responsible Property Portfolios,” was authored by University of Arizona professor,
Gary Pivo and submitted to a United Nations environmental conference last week. The report urged investors to adopt the
six Principles of Responsible Investment and emphasized the power of investors to influence property fund managers to make their portfolios ‘greener’.
The report also advises that being an eco-investor means good economics as well as good ecology. Most eco-properties which utilize renewable energy end up being more cost effective in the long run than traditional properties. In addition as demand increases for sustainable properties, the price for these investments will be higher for traditional developments.
Continue reading "Going for Green - Being an Eco-Property Investor."
14/06/08
This is a great article Terri. How do we go [...]