Reshaping the past, Building the future
The interconnectedness of ESG values and digital functions within real estate developments
C.E. Tan (TU Delft - Architecture and the Built Environment)
P.W.C. Chan (TU Delft - Design & Construction Management)
HJM Vande Putte (TU Delft - Real Estate Management)
Paul Chan – Mentor (TU Delft - Design & Construction Management)
Herman Vande Putte – Mentor (TU Delft - Real Estate Management)
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Abstract
The real estate industry is increasingly challenged to integrate sustainability into its operations, more specifically by the growing importance of Environmental, Social, and Governance (ESG) values. Simultaneously, the advancement of digital functions is reshaping industries worldwide, including the real estate industry, by transforming operational strategies and processes. This convergence places significant pressure on the industry to adopt ESG values while understanding their interconnection with digital functions.
As a result, this research explores the dynamic interplay between ESG values and digital functions, focusing on how their integration can enhance sustainable development in real estate. Employing a multi-stakeholder, chain-oriented approach, the study examines key ESG value constellations and their interconnection with digital functions. Real estate developers, as key actors in initiating, planning, and managing real estate development projects, are positioned as the primary focus group for this research for understanding and addressing this interconnection.
The main objective is to add onto academic literature and develop practicalities and insights that provide real estate developers with actionable insights to navigate the complexities of ESG values and digital functions effectively. By advancing understanding in this area, the study aims to contribute to the future of real estate development characterised by sustainability, transparency, and resilience, aligning with broader global goals for environmental and social responsibility.