subscribe to our newsletter
Advance key business practices, companies urged

Advance key business practices, companies urged

Mortgage lenders and brokers are among those being urged to take a more active role in global efforts to drive responsible and sustainable business practices.

It comes after the United Nations Global Compact and the Royal Institution of Chartered Surveyors (RICS) called for organisations in the land, construction and real estate sectors, and those working with them, to follow the recommendations of their new research paper.

Advancing Responsible Business Practices in Land, Construction, Real Estate Use and Investment examines the sector’s impact in relation to four focus areas: human rights, labour standards, the environment and anti-corruption.

The new resource highlights some of the most critical issues facing the sector and suggests the procedures required to embed responsible business practices worldwide.

“There is a tremendous opportunity for real estate to become a driving force for a more sustainable financial, economic, social and environmental system, through collaboration and collective action,” UN Global Compact executive director, Georg Kell, said.

RICS noted that while many businesses in the sector already have corporate sustainability strategies and polices in place, the challenge remains to translate these policies into actions that are “practical, achievable and repeatable across organisational and geographic boundaries”.

“The land, real estate and construction sector has an enormous impact on global economies, the environment and people’s lives,” RICS chief executive officer, Sean Tompkins, added.

“With this resource, we want to show businesses how to operate responsibly and sustainably, generating substantial social, environmental and reputational value and long-term financial success in the process.”

Advance key business practices, companies urged
mortgagebusiness logo

Latest News

The prudential regulator has outlined why there is often so much divergence between borrowers and lenders over a four-letter word. It’s no...

Personal insolvencies in Australia rose by 5.6 per cent in the 2017–18 financial year, according to new data from the government. ...

Financial sector reviews have not changed the way Australian banks evaluate performance, the Finance Sector Union has told the royal commiss...

Promoted Stories

podcast

LATEST PODCAST: Non-major rate changes, Bankwest focuses on brokers and Westpac leaves SMSF space

Do you expect access to credit to get harder this year?