Gap analysis on the readiness of corporations in incorporating esg in corporate rel estate management.

Abstract

Incorporating Environmental, Social, and Governance (ESG) considerations in corporate real estate management is essential for companies to achieve sustainability and social responsibility. This study aims to conduct a gap analysis to determine the readiness of corporations in Uganda in incorporating ESG considerations in corporate real estate management. The study used a mixed-methods approach involving interviews with key stakeholders and a survey of corporate real estate managers to collect data on their current ESG practices and readiness to incorporate ESG considerations in their operations. The analysis identified significant gaps in ESG incorporation in corporate real estate management in Uganda. The key findings revealed that most corporations in Uganda do not prioritize ESG considerations in their real estate management practices. The study also found that there is a lack of awareness and understanding of ESG principles among real estate managers. Based on the study's findings, recommendations were developed to improve ESG practices in the sector. The recommendations include the need for increased awareness and education on ESG principles among real estate managers, the need for the development of ESG policies and guidelines, and the implementation of ESG reporting and monitoring mechanisms. The findings of this study contribute to the existing body of knowledge on ESG incorporation in corporate real estate management in emerging economies such as Uganda. The study's recommendations provide insights for policymakers, real estate managers, and other stakeholders on the steps necessary to improve ESG practices in the sector, which can lead to increased sustainability, social responsibility, and financial performance.