OCT ‘23
The Industrial & Logistics (I&L) sector is the next ESG frontier There are rapidly rising expectations of what a building or estate needs to deliver – and not just within a building’s four walls. Developers, investors and occupiers are also zeroing in on how to foster a sense of community within industrial estates as well as ways to combat the mental health and loneliness issues that can arise from the often repetitive work involved in warehouse and transport & logistics roles. However, there are many inherent challenges to overcome and hurdles in the I&L sector that differ from those in the office market. To help unpack what’s next, CBRE recently hosted a Supply Chain & Logistics Association of Australia (SCLAA) event in Western Sydney to discuss the emerging trends and what ESG means from a supply chain point of view, including how it affects warehouse construction, DC operation, freight transport, procurement and people well-being.
Key take-outs included: – Developers are heightening their focus on delivering more sustainable, resilient buildings with more programs and initiatives being rolled out to upgrade existing industrial assets – A growing number of owners are seeking to participate in the Green Star Performance Rating program, as the industry’s focus on health and wellbeing rises – Power availability and record low vacancy rates across Australia’s industrial & logistics sector has created a range of immediate hurdles, crimping the ability to achieve ESG targets and upgrade existing stock You can read more about the event and the speaker insights here: https://www.cbre.com.au/insights/articles/how-esgconsiderations-are-reshaping-australias-industrialand-logistics-sector
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