Real estate

The real estate and property management sector is a significant contributor Australia’s economic activity and wealth, with substantial revenue streams and employing hundreds of thousands of people. Its services are diverse, covering residential and commercial sales and leasing, property development, strata management, and valuation services, all of which are fundamental to the housing and commercial property markets and the security of millions of Australians.

Key ESG issues

Key ESG considerations for this sector include ensuring housing affordability and tenant rights, energy efficiency and sustainable building design and operation, responsible use of resources and management of wastes, and mitigating the physical risks to properties posed by climate change, such as sea-level rise and extreme weather events as well as the increasing legal liability risks created by insufficiently informed decision making.