August 17, 2007—A new survey conducted by the Urban Land Institute demonstrates that the real estate industry is increasingly adopting a “triple bottom line” business approach that values economic, social, and environmental success.
More than 80 percent of real estate executives surveyed said their organizations are committed to going beyond compliance to minimum legal requirements in order to address social or environmental issues, and 90 percent said that pursuing responsible property investing (RPI) will be an important future strategy.
“This goes way beyond buying ‘green,'” according to Stephen Blank, a researcher at ULI Blank said. “RPI is about making a conscious decision to conduct all business operations in a way that contributes to the long- term well-being of the community and environment.”
For the full report, visit the ULI Web site.
