{"id":2590,"date":"2021-12-08T13:35:37","date_gmt":"2021-12-08T12:35:37","guid":{"rendered":"https:\/\/patrizia.dev4.de\/?post_type=real_insights&#038;p=2590"},"modified":"2024-03-21T09:58:57","modified_gmt":"2024-03-21T08:58:57","slug":"social-value-in-real-estate","status":"publish","type":"real_insights","link":"https:\/\/patrizia.haraldo.dev\/de\/real_insights\/social-value-in-real-estate\/","title":{"rendered":"Social value in real estate"},"content":{"rendered":"\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lte922ek-faccd470d38cd1b9012f422b27c8c8c6\">\n.avia-section.av-lte922ek-faccd470d38cd1b9012f422b27c8c8c6{\nbackground-repeat:no-repeat;\nbackground-image:url(https:\/\/patrizia.haraldo.dev\/wp-content\/uploads\/Social_Value-scaled.jpg);\nbackground-position:50% 50%;\nbackground-attachment:scroll;\nmargin-top:0px;\nmargin-bottom:0px;\n}\n<\/style>\n<div id='av_section_1'  class='avia-section av-lte922ek-faccd470d38cd1b9012f422b27c8c8c6 header_color avia-section-no-padding avia-no-border-styling  avia-builder-el-0  el_before_av_codeblock  avia-builder-el-first  avia-full-stretch avia-bg-style-scroll av-minimum-height av-minimum-height-30vw av-height-percent_width  container_wrap fullsize'  data-section-bg-repeat='stretch' data-av_minimum_height_pc='30' data-av_min_height_opt='percent_width'><div class='container av-section-cont-open' ><main  role=\"main\" itemprop=\"mainContentOfPage\"  class='template-page content  av-content-full alpha units'><div class='post-entry post-entry-type-page post-entry-2590'><div class='entry-content-wrapper clearfix'><\/div><\/div><\/main><!-- close content main element --><\/div><\/div><div id='after_section_1'  class='main_color av_default_container_wrap container_wrap fullsize'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-full alpha units'><div class='post-entry post-entry-type-page post-entry-2590'><div class='entry-content-wrapper clearfix'>\n\n<section  class='av_textblock_section av-lte96203-dc126903d2f00a0bda57a53717261c17 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><h1 class=\"ce-news--detail__title\">Social value in real estate<\/h1>\n<\/div><\/section>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ltg6xkyg-50f8750a3e1c7fea0ed005dde30a665b\">\n#top .flex_column.av-ltg6xkyg-50f8750a3e1c7fea0ed005dde30a665b{\nmargin-top:0px;\nmargin-bottom:0px;\n}\n.responsive #top #wrap_all .flex_column.av-ltg6xkyg-50f8750a3e1c7fea0ed005dde30a665b{\nmargin-top:0px;\nmargin-bottom:0px;\n}\n<\/style>\n<div  class='flex_column av-ltg6xkyg-50f8750a3e1c7fea0ed005dde30a665b av_one_half  avia-builder-el-3  el_after_av_textblock  el_before_av_three_fourth  first flex_column_div  column-top-margin'     ><\/div><div class='av-column-wrapper-individual av-mobile-columns-flex av-columns-reverse'>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ltg3231x-94aa074a67a0f36a85eda2a8c2305d1c\">\n#top .flex_column.av-ltg3231x-94aa074a67a0f36a85eda2a8c2305d1c{\nmargin-top:0px;\nmargin-bottom:0px;\n}\n.responsive #top #wrap_all .flex_column.av-ltg3231x-94aa074a67a0f36a85eda2a8c2305d1c{\nmargin-top:0px;\nmargin-bottom:0px;\n}\n<\/style>\n<div  class='flex_column av-ltg3231x-94aa074a67a0f36a85eda2a8c2305d1c av_three_fourth  avia-builder-el-5  el_after_av_one_half  el_before_av_one_fourth  first flex_column_div  column-top-margin'     ><p>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ltmyvcju-0f172123649d7d3dfa4c6d460b8d4c65\">\n#top .av-post-metadata-container.av-ltmyvcju-0f172123649d7d3dfa4c6d460b8d4c65{\ncolor:#b2b2b2;\nmargin:60px 0 5px 0;\n}\n<\/style>\n<div  class='av-post-metadata-container av-ltmyvcju-0f172123649d7d3dfa4c6d460b8d4c65 av-metadata-container-align-left  avia-builder-el-6  el_before_av_textblock  avia-builder-el-first  real_insights-meta2 av-metadata-container-1'><div class='av-post-metadata-container-inner'><span class=\"av-post-metadata-content av-post-metadata-meta-content\"><span class=\"av-post-metadata-content av-post-metadata-published\"><span class=\"av-post-metadata-published-date\" >8. Dezember 2021<\/span><\/span><\/span><\/div><\/div><br \/>\n<section  class='av_textblock_section av-ltfowa7i-1bded3df6f5697d50c75d224ae90fcc8 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock ri-teaser'  itemprop=\"text\" ><h3><strong><span class=\"bodytext--teaser\">It\u2019s easy to think of value in real estate coming down to what people\u2019s homes cost. Indeed, the crisis in affordability across Europe (valuably explored by Dr. Marcus Cieleback, PATRIZIA\u2019s Chief Urban Economist, in <em><a href=\"https:\/\/citypulse.patrizia.ag\/insights\/priced-out-what-is-affordable-housing\" target=\"_blank\" rel=\"noopener noreferrer\">Priced out: Europe\u2019s affordable housing challenge<\/a><\/em>) can make it difficult to get past questions of price, rent and return \u2013 as can the popular obsession with house prices in some countries, notably the UK.<\/span><\/strong><\/h3>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-ltfovcys-484f772acd58bc3bc2e6a0951ba46225 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><p>But the social value of real estate \u2013 the extent to which it contributes to economic, social and environmental well-being \u2013 goes beyond its role as a financial asset. After all, the built environment affects people and places in profound ways. This makes it critical to think through what real estate contributes to broader questions of place-making and the creation of inclusive communities \u2013 and what it could and should contribute to them.<\/p>\n<p>I recently worked with COCREATIF\u2019s Dr. Eime Tobari to develop a social value \u2018roadmap\u2019 for the industry. The report was commissioned and published by the Urban Land Institute (ULI).<\/p>\n<p>Zooming in on the \u2018S\u2019 in ESG: a roadmap for social value in real estate aims to guide the industry towards understanding, capturing and enhancing its social value.<\/p>\n<p>It explores how real estate players can incorporate this concept into corporate strategy and practice \u2013 including investment.<\/p>\n<p>We argue that doing so is a route to a robust, enduring and trusted future for the industry. With the COVID-19 pandemic having both sharpened social value\u2019s relevance and created an opportunity to do real estate differently, putting people and place at its heart represents a way for the industry to start addressing social and spatial inequalities and, through this, to contribute more fully to sustainable and inclusive development.<\/p>\n<\/div><\/section><\/p><\/div><\/p>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ltfp5x23-57a1f9d161345c95e1344345e05bbfe4\">\n#top .flex_column.av-ltfp5x23-57a1f9d161345c95e1344345e05bbfe4{\nmargin-top:0px;\nmargin-bottom:0px;\n}\n.responsive #top #wrap_all .flex_column.av-ltfp5x23-57a1f9d161345c95e1344345e05bbfe4{\nmargin-top:0px;\nmargin-bottom:0px;\n}\n<\/style>\n<div  class='flex_column av-ltfp5x23-57a1f9d161345c95e1344345e05bbfe4 av_one_fourth  avia-builder-el-9  el_after_av_three_fourth  el_before_av_one_full  ri-inhaltsverzeichnis flex_column_div  column-top-margin'     ><p><div  class='avia-builder-widget-area clearfix  avia-builder-el-10  el_before_av_social_share  avia-builder-el-first '><div id=\"avia_auto_toc-2\" class=\"widget clearfix avia-widget-container avia_auto_toc avia_no_block_preview\"><div class=\"avia-preview-headline\">NeoDesign Table of Contents<\/div><div class=\"avia-preview-info\">Titel: Inhaltsverzeichnis:<\/div><div class=\"avia-preview-in-front\">Table can only be rendered in frontend.<\/div><\/div><\/div><br \/>\n<div  class='av-social-sharing-box av-ltegg3rr-c727199f5d672709402708ebfbb4e7e0 av-social-sharing-box-default  avia-builder-el-11  el_after_av_sidebar  avia-builder-el-last  av-social-sharing-box-fullwidth'><div class=\"av-share-box\"><h5 class='av-share-link-description av-no-toc '>Insight teilen<\/h5><ul class=\"av-share-box-list noLightbox\"><li class='av-share-link av-social-link-square-x-twitter avia_social_iconfont' ><a target=\"_blank\" aria-label=\"Share on X\" href='https:\/\/twitter.com\/share?text=Social%20value%20in%20real%20estate&#038;url=https:\/\/patrizia.haraldo.dev\/de\/?p=2590' data-av_icon='\ue933' data-av_iconfont='entypo-fontello'  title='' data-avia-related-tooltip='Share on X'><span class='avia_hidden_link_text'>Share on X<\/span><\/a><\/li><li class='av-share-link av-social-link-linkedin avia_social_iconfont' ><a target=\"_blank\" aria-label=\"Teilen auf LinkedIn\" href='https:\/\/linkedin.com\/shareArticle?mini=true&#038;title=Social%20value%20in%20real%20estate&#038;url=https:\/\/patrizia.haraldo.dev\/de\/real_insights\/social-value-in-real-estate\/' data-av_icon='\ue8fc' data-av_iconfont='entypo-fontello'  title='' data-avia-related-tooltip='Teilen auf LinkedIn'><span class='avia_hidden_link_text'>Teilen auf LinkedIn<\/span><\/a><\/li><li class='av-share-link av-social-link-mail avia_social_iconfont' ><a  aria-label=\"Per E-Mail teilen\" href='mailto:?subject=Social%20value%20in%20real%20estate&#038;body=https:\/\/patrizia.haraldo.dev\/de\/real_insights\/social-value-in-real-estate\/' data-av_icon='\ue805' data-av_iconfont='entypo-fontello'  title='' data-avia-related-tooltip='Per E-Mail teilen'><span class='avia_hidden_link_text'>Per E-Mail teilen<\/span><\/a><\/li><\/ul><\/div><\/div><\/p><\/div><\/div><!--close flex column wrapper. Autoclose: 1 -->\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ltfmn3p6-44a22cca6d2106272ddfaf9839f59924\">\n.flex_column.av-ltfmn3p6-44a22cca6d2106272ddfaf9839f59924{\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-ltfmn3p6-44a22cca6d2106272ddfaf9839f59924 av_one_full  avia-builder-el-12  el_after_av_one_fourth  el_before_av_one_full  first flex_column_div av-zero-column-padding  column-top-margin'     ><section  class='av_textblock_section av-ltfntrfd-6fe44dd61a46edef4d9797f8645b4ea6 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><h2>Industry concern<\/h2>\n<p>Our report comes with real estate players feeling increasing concern over issues such as inequality and affordability. While debate can make it seem that ESG comes down to environmental challenges (which real estate also faces), it is heartening that the industry is starting to acknowledge the social dimensions \u2013 especially when housing quality and affordability can be an important contributor to social challenges.<\/p>\n<p>At the same time, the industry is also increasingly responding to investor and stakeholder demand for measures of its non-financial performance. Social value is an important one of these, as ULI and PwC\u2019s recent Emerging Trends 2021 Europe report underscored.<\/p>\n<p>However, the industry\u2019s lack of consensus on measuring real estate\u2019s social value makes it challenging for it to identify and communicate this value.<\/p>\n<p>In turn, this poses a serious obstacle to increasing the industry\u2019s broader contribution to society while also generating appropriate risk-adjusted returns.<\/p>\n<p>Besides the important measurement problem, we identified several other challenges through our survey and interviews with stakeholders across Europe. These include:<\/p>\n<ul>\n<li>Political, economic and business culture<\/li>\n<li>Focus on maximising financial returns<\/li>\n<li>Fragmentation and lack of alignment between stakeholders<\/li>\n<li>Focus on measurable standardised metrics rather than real-world outcomes<\/li>\n<li>Lack of transparency and consensus over social value creation<\/li>\n<li>Lack of knowledge and skills<\/li>\n<\/ul>\n<\/div><\/section><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ax45b2-a36c474f66eb9cd0b5899ebddc64247a\">\n.flex_column.av-ax45b2-a36c474f66eb9cd0b5899ebddc64247a{\nbackground-color:rgba(10,10,10,0.4);\nbackground:linear-gradient( to top, rgba(10,10,10,0.4), #ffffff );\n}\n<\/style>\n<div  class='flex_column av-ax45b2-a36c474f66eb9cd0b5899ebddc64247a av_one_full  avia-builder-el-14  el_after_av_one_full  el_before_av_two_third  first flex_column_div  column-top-margin'     ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ltodnp64-cfcbeee8e92162a3a9dd1845b111ced3\">\n.avia-image-container.av-ltodnp64-cfcbeee8e92162a3a9dd1845b111ced3 img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-ltodnp64-cfcbeee8e92162a3a9dd1845b111ced3 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-ltodnp64-cfcbeee8e92162a3a9dd1845b111ced3 av-styling- avia-align-center  avia-builder-el-15  avia-builder-el-no-sibling '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" fetchpriority=\"high\" class='wp-image-2602 avia-img-lazy-loading-not-2602 avia_image ' src=\"https:\/\/patrizia.haraldo.dev\/wp-content\/uploads\/Social_Value_in_RE.png\" alt='' title='Social_Value_in_RE'  height=\"2250\" width=\"4001\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/patrizia.haraldo.dev\/wp-content\/uploads\/Social_Value_in_RE.png 4001w, https:\/\/patrizia.haraldo.dev\/wp-content\/uploads\/Social_Value_in_RE-300x169.png 300w, https:\/\/patrizia.haraldo.dev\/wp-content\/uploads\/Social_Value_in_RE-1030x579.png 1030w, https:\/\/patrizia.haraldo.dev\/wp-content\/uploads\/Social_Value_in_RE-768x432.png 768w, https:\/\/patrizia.haraldo.dev\/wp-content\/uploads\/Social_Value_in_RE-1536x864.png 1536w, https:\/\/patrizia.haraldo.dev\/wp-content\/uploads\/Social_Value_in_RE-2048x1152.png 2048w, https:\/\/patrizia.haraldo.dev\/wp-content\/uploads\/Social_Value_in_RE-705x396.png 705w\" sizes=\"(max-width: 4001px) 100vw, 4001px\" \/><\/div><\/div><\/div><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ltfmsk4y-d86f808f3c143322ed50251edc516cd3\">\n#top .flex_column.av-ltfmsk4y-d86f808f3c143322ed50251edc516cd3{\nmargin-top:20px;\nmargin-bottom:0px;\n}\n.responsive #top #wrap_all .flex_column.av-ltfmsk4y-d86f808f3c143322ed50251edc516cd3{\nmargin-top:20px;\nmargin-bottom:0px;\n}\n<\/style>\n<div  class='flex_column av-ltfmsk4y-d86f808f3c143322ed50251edc516cd3 av_two_third  avia-builder-el-16  el_after_av_one_full  el_before_av_one_third  first flex_column_div  column-top-margin'     ><section  class='av_textblock_section av-5mp2l9-9fd8f8265683edde8404df6cd190b477 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><h2>Areas of action<\/h2>\n<p>These difficulties can be overcome, but this requires an alignment across stakeholders in the real estate value chain so that social value creation becomes an integral part of decision-making. Since no one measurement tool will serve all stakeholders or purposes, we emphasise a principles-based approach to embedding social value.<\/p>\n<p>This leads us to offer a decision-making framework that highlights the importance of first defining objectives and then using appropriate metrics and measurement approaches \u2013 depending on the nature of intended outcomes. The industry needs to build its knowledge and skills in social value measurement and develop more standardised and consistent approaches to measurement and reporting.<\/p>\n<\/div><\/section><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lteb137h-d2782f591f736dac2e96aaa6c6b3de8f\">\n#top .flex_column.av-lteb137h-d2782f591f736dac2e96aaa6c6b3de8f{\nmargin-top:20px;\nmargin-bottom:0px;\n}\n.responsive #top #wrap_all .flex_column.av-lteb137h-d2782f591f736dac2e96aaa6c6b3de8f{\nmargin-top:20px;\nmargin-bottom:0px;\n}\n<\/style>\n<div  class='flex_column av-lteb137h-d2782f591f736dac2e96aaa6c6b3de8f av_one_third  avia-builder-el-18  el_after_av_two_third  el_before_av_one_full  real_insights-zitat flex_column_div  column-top-margin'     ><div  class='avia-testimonial-wrapper av-ltod5fo3-c488fe609aa2ddadc59a0042ef417d58 avia-grid-testimonials avia-grid-1-testimonials avia_animate_when_almost_visible av-minimal-grid-style av-boxed-grid-style' >\n<section class=\"avia-testimonial-row\"><div class='avia-testimonial av-ltod5dut-70598ac076686cad2abe37647c3e456f avia-testimonial-row-1 avia-first-testimonial flex_column no_margin av_one_full'><div class='avia-testimonial_inner'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia-testimonial-content '><div class='avia-testimonial-markup-entry-content'  itemprop=\"text\" ><p>&#8222;Whether in a public\/private partnership or the classical landlord\/tenant relationship, moving from a transactional (or even confrontational) approach to a relational one is vital.&#8220;<\/p>\n<\/div><\/div><div class=\"avia-testimonial-meta\"><div class=\"avia-testimonial-arrow-wrap\"><div class=\"avia-arrow\"><\/div><\/div><div class='avia-testimonial-meta-mini'  itemprop=\"author\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/Person\" ><\/div><\/div><\/div><\/div><\/section>\n<\/div><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ltoeb00k-cd1253d400cae47f490da734c669bd0c\">\n#top .flex_column.av-ltoeb00k-cd1253d400cae47f490da734c669bd0c{\nmargin-top:0px;\nmargin-bottom:20px;\n}\n.flex_column.av-ltoeb00k-cd1253d400cae47f490da734c669bd0c{\npadding:0px 0px 0px 0px;\n}\n.responsive #top #wrap_all .flex_column.av-ltoeb00k-cd1253d400cae47f490da734c669bd0c{\nmargin-top:0px;\nmargin-bottom:20px;\n}\n<\/style>\n<div  class='flex_column av-ltoeb00k-cd1253d400cae47f490da734c669bd0c av_one_full  avia-builder-el-20  el_after_av_one_third  el_before_av_one_full  first flex_column_div av-zero-column-padding  column-top-margin'     ><section  class='av_textblock_section av-ltoea8ts-7b15e8f3a5fb8f52698d799a37923992 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><p>Building on this, our roadmap highlights six action areas, from a government-led place-based vision and strategy to collaboration among partners. The essential role of collaboration in social value creation is one of our key findings: whether in a public\/private partnership or the classical landlord\/tenant relationship, moving from a transactional (or even confrontational) approach to a relational one is vital.<\/p>\n<p>Our case studies highlight how social value creation results from a dynamic interaction between effective demand and effective supply. Those on the demand side include residents, businesses, local government and community organisations with specific demands and investment needs. Those on the supply side include developers, design firms and investors who can offer solutions and services with the potential to deliver social value in ways that are affordable and implementable.<\/p>\n<p>One notable study is Demain Montreal. This consortium of a real estate investor (Ivanhoe Cambridge), a construction company (Pomerleau) and a real estate manager (Cogir) won the C40 \u2018Reinventing Cities\u2019 competition. Their carbon-neutral and resilient urban regeneration mixed-use development (one-third affordable and social housing) helps residents and the community participate in the circular economy.<\/p>\n<p>Key aspects include flexible spaces for zero-waste grocery stores, plus an urban farm, as well as inspiration from the Passivhaus and Zero Carbon building standards.<\/p>\n<p>Other studies include the Brent Cross Town regeneration in London; Porta Nuova in Milan; and Reinventer Paris.<\/p>\n<\/div><\/section><\/div>\n<div  class='flex_column av-9eac7i-01596e5dbe81e08794255d0d7b65d8de av_one_full  avia-builder-el-22  el_after_av_one_full  el_before_av_one_third  first flex_column_div  column-top-margin'     ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ltodlcrh-36acabc3d11cbd61e85c559a40fdc33f\">\n.avia-image-container.av-ltodlcrh-36acabc3d11cbd61e85c559a40fdc33f img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-ltodlcrh-36acabc3d11cbd61e85c559a40fdc33f .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-ltodlcrh-36acabc3d11cbd61e85c559a40fdc33f av-styling- avia-align-center  avia-builder-el-23  avia-builder-el-no-sibling '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" fetchpriority=\"high\" class='wp-image-2600 avia-img-lazy-loading-not-2600 avia_image ' src=\"https:\/\/patrizia.haraldo.dev\/wp-content\/uploads\/Social_Value_in_RE_Figure_1.png\" alt='' title='Social_Value_in_RE_Figure_1'  height=\"2250\" width=\"3324\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/patrizia.haraldo.dev\/wp-content\/uploads\/Social_Value_in_RE_Figure_1.png 3324w, 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id=\"style-css-av-ltodp174-ed4e7102a638ce92ee5d3af08669ca4b\">\n.avia-image-container.av-ltodp174-ed4e7102a638ce92ee5d3af08669ca4b img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-ltodp174-ed4e7102a638ce92ee5d3af08669ca4b .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-ltodp174-ed4e7102a638ce92ee5d3af08669ca4b av-styling- avia-align-center  avia-builder-el-25  avia-builder-el-no-sibling '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" fetchpriority=\"high\" class='wp-image-2598 avia-img-lazy-loading-not-2598 avia_image ' src=\"https:\/\/patrizia.haraldo.dev\/wp-content\/uploads\/Social_Value_in_RE_Figure_2-819x1030.png\" alt='' title='Social_Value_in_RE_Figure_2'  height=\"1030\" width=\"819\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/patrizia.haraldo.dev\/wp-content\/uploads\/Social_Value_in_RE_Figure_2-819x1030.png 819w, https:\/\/patrizia.haraldo.dev\/wp-content\/uploads\/Social_Value_in_RE_Figure_2-239x300.png 239w, https:\/\/patrizia.haraldo.dev\/wp-content\/uploads\/Social_Value_in_RE_Figure_2-768x966.png 768w, https:\/\/patrizia.haraldo.dev\/wp-content\/uploads\/Social_Value_in_RE_Figure_2-1221x1536.png 1221w, https:\/\/patrizia.haraldo.dev\/wp-content\/uploads\/Social_Value_in_RE_Figure_2-1628x2048.png 1628w, https:\/\/patrizia.haraldo.dev\/wp-content\/uploads\/Social_Value_in_RE_Figure_2-561x705.png 561w, https:\/\/patrizia.haraldo.dev\/wp-content\/uploads\/Social_Value_in_RE_Figure_2.png 1789w\" sizes=\"(max-width: 819px) 100vw, 819px\" \/><\/div><\/div><\/div><\/div>\n<div  class='flex_column av-6j026m-bbb32fc34fa771054003859e08294231 av_two_third  avia-builder-el-26  el_after_av_one_third  el_before_av_one_third  flex_column_div  column-top-margin'     ><section  class='av_textblock_section av-ltodpabf-1fa23ba7c049e7092014d735223ea412 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><h2>Leadership role<\/h2>\n<p>Our survey of real estate professionals makes clear the essential role of leaders in driving social value creation. Nearly twice as many stakeholders (50) identify leadership in their organisation as the top response as offer the next most popular \u2013 clear definition and advocacy across the industry, and greater pressure from clients\/investors\/stakeholders (each volunteered by some 30 respondents).<\/p>\n<p>Although three-quarters of stakeholders believe measuring social and environmental outcomes should be required and monitored by industry standards or legislated and standardised, a lower proportion sees this happening in the coming years.<\/p>\n<p>In practice, creating social value through real estate means putting local people, places and the planet at the heart of development and investment. COVID-19 is a wake-up call for the industry. While the pandemic has brought major risks and challenges, it also opens opportunities to rethink how to connect development to local, place-based needs and priorities and consider the industry\u2019s role in helping tackle social and spatial inequalities. This will need to focus on how the public and private sectors can co-create social value and where opportunities lie to create social value beyond business as usual.<\/p>\n<\/div><\/section><\/div>\n<div  class='flex_column av-f0lvi-8298cbad6de8f38bbc1eb12a5585791c av_one_third  avia-builder-el-28  el_after_av_two_third  el_before_av_two_third  first flex_column_div  column-top-margin'     ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ltodr463-bd5ad0ea3992f1af45eeab9f7d557777\">\n.avia-image-container.av-ltodr463-bd5ad0ea3992f1af45eeab9f7d557777 img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-ltodr463-bd5ad0ea3992f1af45eeab9f7d557777 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-ltodr463-bd5ad0ea3992f1af45eeab9f7d557777 av-styling- avia-align-center  avia-builder-el-29  avia-builder-el-no-sibling '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" fetchpriority=\"high\" class='wp-image-2596 avia-img-lazy-loading-not-2596 avia_image ' src=\"https:\/\/patrizia.haraldo.dev\/wp-content\/uploads\/Social_Value_in_RE_Sarah_Forster.png\" alt='' title='Social_Value_in_RE_Sarah_Forster'  height=\"500\" width=\"500\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/patrizia.haraldo.dev\/wp-content\/uploads\/Social_Value_in_RE_Sarah_Forster.png 500w, https:\/\/patrizia.haraldo.dev\/wp-content\/uploads\/Social_Value_in_RE_Sarah_Forster-300x300.png 300w, https:\/\/patrizia.haraldo.dev\/wp-content\/uploads\/Social_Value_in_RE_Sarah_Forster-80x80.png 80w, https:\/\/patrizia.haraldo.dev\/wp-content\/uploads\/Social_Value_in_RE_Sarah_Forster-180x180.png 180w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/><\/div><\/div><\/div><\/div>\n<div  class='flex_column av-2s6nym-ccfe037731519f6929831ca2a417720e av_two_third  avia-builder-el-30  el_after_av_one_third  el_before_av_hr  flex_column_div  column-top-margin'     ><section  class='av_textblock_section av-ltodri74-d6d54997c0351f3b1ffd4eecf388c92e '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><h3>Sarah Forster<\/h3>\n<p>Sarah Forster is CEO and Co-Founder of The Good Economy Partnership. Sarah has worked at the forefront of finance for positive impact for more than 25 years, working in the fields of sustainable economic development, development finance and impact measurement and management. Sarah co-founded The Good Economy in 2015 to enhance the role of business and finance in inclusive and sustainable development. She acts as a trusted advisor to clients across the private, public and social sectors.<\/p>\n<\/div><\/section><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ltmyue6h-a5793e9c3f9b78be021854e0bb5231b9\">\n#top .hr.av-ltmyue6h-a5793e9c3f9b78be021854e0bb5231b9{\nmargin-top:30px;\nmargin-bottom:30px;\n}\n.hr.av-ltmyue6h-a5793e9c3f9b78be021854e0bb5231b9 .hr-inner{\nwidth:100%;\nborder-color:#000000;\n}\n<\/style>\n<div  class='hr av-ltmyue6h-a5793e9c3f9b78be021854e0bb5231b9 hr-custom  avia-builder-el-32  el_after_av_two_third  avia-builder-el-last  hr-center hr-icon-no'><span class='hr-inner inner-border-av-border-thin'><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Lesedauer<\/span> <span class=\"rt-time\"> 13<\/span> <span class=\"rt-label rt-postfix\">Minuten<\/span><\/span><\/p>\n","protected":false},"author":1,"featured_media":2593,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[57,33],"tags":[94,92,93],"ri-category":[],"coauthors":[176],"class_list":["post-2590","real_insights","type-real_insights","status-publish","format-standard","has-post-thumbnail","hentry","category-making-an-impact","category-real_insights","tag-affordability","tag-building-communities","tag-urbanisation"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - 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