Healthcare Outsourcing Industry—an Exposition of Top 10 Trends Reshaping the Global Dynamics

The rising applications of CROs, including augmented reality (AR), virtual reality (VR) and mixed reality (MR) have fueled the demand for healthcare outsourcing. The adoption of ML and AI has become pronounced in the wake of increasing scrutiny to adhere to regulatory compliance of healthcare products. For instance, AI can propel transparency with accurate results and enhance the efficiency and pace of product development. Since AI is less prone to human error, it enables better quality control to bolster decision-making. 

An uptick in the number of decentralized clinical trials (DCTs) in 2021 leveraged forward-looking companies to penetrate the pharmaceutical industry. The number of DCTs was forecast to be pegged at 1300 trials by 2022-end. 

The report will offer a bird’s eye view of qualitative development/s in the healthcare outsourcing landscape. The final report, coupled with the database, will offer insights into the following dynamics:

• Capacity expansion in niche markets; decoupling of service offerings; rise in safety assessment; and extended reality.

• Diversifying geographical footprints and mergers & acquisitions. In 2021, over 132 M&As were completed.

• The expanding footprint of personalized medication, genomics and biosimilars.

• IoT implementation and innovations.

Get your copy or request for a free sample of the report “Healthcare Outsourcing Industry - Analysis of Top 10 Trends,” compiled and published by Grand View Research. 

Healthcare Outsourcing Industry Report Scope

Attribute	Details
Divestiture/Consolidation Activities	List of mergers, by CROs/CMOs List of acquisitions, by CROs/CMOs List of divestitures, by CROs/CMOs List of partnerships, by CROs/CMOs
Innovation	New product launches, by Industry Introduction of generics (for pharmaceutical drugs only)
Globalization	Analysis of level of globalization Regional presence of top 50 CROs & CMOs Political pacts/policies impacting international business
Virtual Augmentation	Virtualization in R&D Virtualization in Business operations implementation
Service Portfolio Modification	Study of the business organization restructurings Owing to M&A activities Owing to modernization/revolution
Capacity Expansion in Niche Markets	Analysis of current demand and supply Focused capacity expansions from 2020 till 2023

Related Reports:

• Digital Health Market Size, Share & Trends Analysis Report By Technology (Healthcare Analytics, mHealth, Tele-healthcare, Digital Health Systems), By Component (Software, Hardware, Services), By Region, And Segment Forecasts, 2023 - 2030

• Digital Therapeutics Market Size, Share & Trends Analysis Report By Application (Diabetes, Obesity, CVD), By End User (Patients, Providers, Payers, Employers), By Region, And Segment Forecasts, 2022 - 2030

About Us

Grand View Research, Inc. is a market research and consulting comp    make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights.

Find More information @ https://www.grandviewresearch.com/info/trend-reports

ESG Factors Driving the Growth of Electric Passenger Cars Industry

Sustainability for mobility has prompted electric passenger cars industry players to prioritize environmental, social and governance (ESG) goals. Heightened demand for decarbonization and the need to bring sustainability perspectives into management have encouraged incumbent companies to foster their ESG strategies. Climate change response has become global, suggesting an emphasis on the environment throughout the value chain, including design, manufacturing, procurement, logistics and disposal. 

Premium automotive brands have shifted their attention toward sustainability to improve customer trust, boost compliance, enhance investor confidence and bolster brand reputation. A transition towards electric brands comes against the backdrop of soaring inflation, supply chain disruption and higher interest rates. In an unexpected turn of events, the exorbitant price of lithium propelled production costs for EVs; Russia’s Ukraine invasion and surging energy prices have had an overarching influence on the global economy. 

AB Volvo Redefines Scope 3 Emissions for Consumer-Driven Culture

Although 2022 was a year full of challenges for automakers, 2023 has promised to provide compelling opportunities to navigate ESG strategies. Predominantly, AB Volvo has taken a giant stride to combat climate change—contemplating minimizing scope 1 & scope 2 emissions by 50% by 2030. The Swedish multinational company aims to cut scope 3 emissions by 40% per vehicle Km from trucks and buses, respectively, and 30% from construction equipment by 2030. The automotive giant has upped its efforts to do away with conventional energy sources and adopt renewable sources. During 2022, there was a 32% reduction in tailpipe emissions per average vehicle (vis-à-vis 2018 baseline). The company is gearing up to develop renewable electricity for vehicle charging, alluding strong demand for bio-based materials. 

Is your business one of participants to the Electric Passenger Cars Industry? Contact us for focused consultation around ESG Investing, and help you build sustainable business practices

Toyota Prioritizes Social Sustainability

Workplace safety, reduction in accidents and diversity are shaping the future of transportation as automakers inject funds into state-of-the-art products and services. With the demand for personal vehicles soaring, sustainable development has become invaluable to creating a prosperous society. To illustrate, Toyota Australia has powered 7,883 solar panels to its Altona Toyota Parts Centre, which produces 2.5MW. In FY 2022, the auto giant incentivized Toyota and Lexus customers to recycle 1,954 hybrid batteries to foster battery recycling. The automotive brand donated USD 3.4 million to community partners working in sustainability, education, traffic safety, social justice and the environment. Moreover, Toyota Kirloskar Motor, a Joint Venture between Toyota and Kirloskar, trained around 43,673 supplier members to boost environment and social performance. 

Mercedes-Benz Ups Governance Stewardship

Decision-making bodies have exhibited concerted efforts toward transparency, ethics & compliance, robust corporate governance and board diversity to bolster their ESG performance. In 2021, Mercedes-Benz made a resource conservation policy to minimize the energy consumption per vehicle for cars by 43% and 25% for Vans by 2030. The Luxury vehicle company has introduced supply chain policies to allow purchasers to track material data with the help of blockchain technology. The automotive brand has propelled its diversity and equity portfolio to keep up with the Sustainable Development Goals, including gender equality and reduced inequalities. As of December 2021, Mercedes-Benz had 22.5% of women in senior management positions, while the Board of Management had 3 women and 5 men. 

The competitive scenario indicates that forward-looking companies could focus on organic and inorganic strategies to expand their global footprint. In doing so, well-established players will likely invest in technological advancements, innovations, product offerings, collaborations, R&D activities and mergers & acquisitions. The electric passenger cars market size stood at USD 120.81 billion in 2020 and will witness a healthy CAGR of 32.5% between 2021 and 2028. The outlook suggests that the sustainability and success of automakers could depend upon sound corporate governance, bullish environmental targets and social sustainability. 

About Astra – ESG Solutions by Grand View Research

Astra is the Environmental, Social, and Governance (ESG) arm of Grand View Research Inc. - a global market research publishing & management consulting firm.

Astra offers comprehensive ESG thematic assessment & scores across diverse impact & socially responsible investment topics, including both public and private companies along with intuitive dashboards. Our ESG solutions are powered by robust fundamental & alternative information. Astra specializes in consulting services that equip corporates and the investment community with the in-depth ESG research and actionable insight they need to support their bottom lines and their values. We have supported our clients across diverse ESG consulting projects & advisory services, including climate strategies & assessment, ESG benchmarking, stakeholder engagement programs, active ownership, developing ESG investment strategies, ESG data services, build corporate sustainability reports. Astra team includes a pool of industry experts and ESG enthusiasts who possess extensive end-end ESG research and consulting experience at a global level.

For more ESG Thematic reports, please visit Astra ESG Solutions, powered by Grand View Research

Veterinarians—a Deep Dive into Number of Animal Doctors Based on Countries

Veterinary services have witnessed an unprecedented spike on the back of surging demand for quality pet care. Some factors, such as an uptick in pet adoption, the prevalence of chronic diseases and growing pet insurance services, have spurred the market penetration of animal doctors. For instance, Europe has around 309,144 veterinarians (39 FVE member countries), according to a European Federations of Veterinarians survey. Clinical practice (contributing to 58% of all respondents’ occupations) is the most prevalent employment sector. 

The database lists the U.S. with the maximum number of veterinarians. The U.S. houses over 45,857 animal health organizations. The final report, along with the database, will peruse the following dynamics:

• Insights on leading countries, including U.S., France, Germany, Belgium, Spain, Netherlands and   Malaysia.

• Number of veterinarians based on the primary area of specialization, occupation, or core specialty, including but not limited to companion animal exclusive, mixed animal, food animal exclusive and companion animal predominant. 

• Growth opportunities and trend assessment.

• Qualitative and quantitative analysis.

Get your copy or request for a free sample of the report “Estimated Number of Veterinarians by Key Countries, and Year, 2017 – 2021.”

Estimated Number of Veterinarians by Key Countries - Report Scope

Scope	Details
Actual estimates/Historical data	2017 - 2021
Quantitative units	Number of Veterinarians from 2017 to 2021
Regional Scope	North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Country Scope	U.S.; Canada; UK; Germany; France; Italy; Spain; Denmark; Sweden; Norway; China; Japan; India; Singapore; Australia; South Korea; Brazil; Mexico; Argentina; South Africa; Saudi Arabia; UAE; Kuwait
By Practice Type	Practice type includes private clinic practice and public & corporate employment. These segments are further subdivided into sub-segments, and data available are only for the key market: U.S.
By Area of Work for Veterinarians	Quantitative data on the number of veterinarians who work with companion animals, food-producing animals, equines, and aquaculture and data availability for EU countries
Companion Animals/Food producing animals/Equine/Aquaculture	Numbers are based on the survey of veterinarians and vets are not exclusive of companion animals

Related Reports:

• U.S. Veterinarians Market Size, Share & Trends Analysis Report By Sector (Public, Private (Food Animal Exclusive, Companion Animal Exclusive, Mixed Animal, Equine, Others), Academics), And Segment Forecasts, 2022 - 2030

• Veterinary Services Market Size, Share & Trends Analysis Report By Animal Type (Production, Companion), By Region (North America, Latin America, APAC), And Segment Forecasts, 2021 - 2028

About Us

Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights.

Find More information @ https://www.grandviewresearch.com/info/trend-reports

Ion Channels in Drug Discovery—a Granular Report Addressing Pharmaceutical Companies Target Market

Prevalence of Parkinson’s disease, autoimmune dysfunction and cardiac arrhythmias has brought a paradigm shift in their treatment through ion channel modulators. The rising footprint of drug discovery has furthered the penetration of ion channels. Drug discovery, with the support of ion channel targeted mechanism of action, accounts for around 12% to 15% of the research studies. Moreover, in 2022, there were 19% of marketed drugs, further validating ion channels as the third largest group of target proteins in drug discovery. 

Ion channel-based drug development will be pronounced following the completion of human genome sequencing in April 2022. Pharmaceutical companies could unlock growth potentials with an infusion of funds into R&D activities and outsourcing. 

The final report, along with the database, will deep-dive into, including but not limited to:

• Assessment of ligand-gated ion channels and voltage-gated channels.

• Insights on preclinical development, target identification & screening, target validation & functional informatics and lead identification & candidate optimization.

• Deliberate upon potassium-, calcium- and sodium –channels. 

• Competitive landscape and inputs on the ion channel drug discovery outsourcing services

Get your copy or request for a free sample of the report “Ion Channels in Drug Discovery, 2023 Report,” compiled and published by Grand View Research.

Ion Channels in Drug Discovery Report Scope

Attribute	Details
Key Driver Analysis	Increase in research activity in ion channel-based drug discovery The outspread potential of ion channel drug discovery
Key challenges	Challenges associated with the drugs targeting ion channel Outsourcing-related quality compliance issues
Categorization of Ion Channels	Segment Analysis, by Mechanism Market revenue, by Product Mechanism Segment Analysis, by Ion Selectivity Market revenue, by Ion Selectivity Segment Analysis, by Workflow Market revenue, by Workflow
Regional Analysis	Market performance across the 5 regions

Get more insights from our in-depth market intelligence report “Drug Discovery Informatics Market Size, Share & Trends Analysis Report By Mode (In-house, Outsourced), By Workflow (Discovery, Development), By Services (Sequence Analysis Platforms, Docking), And Segment Forecasts, 2021 – 2028”

About Us

Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights.

Find More information @ https://www.grandviewresearch.com/info/trend-reports

Investing in Bioplastics: A Sustainable and Ethical Choice

Bioplastics have come on the horizon to boost sustainability amidst plunging reserves of fossil fuels. Plastics based on renewable resources have fostered sustainability as environmental concerns surge with the growing prevalence of non-biodegradable plastics in landfills. Industry players are prioritizing environmental, social and governance impacts of their operations and exhibiting efforts to minimize their negative effects in these facets. A soaring number of companies are exhorting their commitment to sustainability through ESG reports. Predominantly, in December 2021, the United Nations recommended bioplastics as a sustainable alternative to non-biodegradable conventional polymers.

Plastic manufacturers are expected to count on recommended products from FAO, including fishing gear, mulch films, polymer-coated fertilizers, plant support twines, tree guards and shelters and pesticide-impregnated fruit protection bags. In essence, biodegradable mulch films can be incorporated into the soil after harvest, suggesting its influence in boosting sustainability. The global push for a circular economy has put the spotlight on bioplastic manufacturers.

Key Companies in this theme

    • TEIJIN LIMITED

    • TORAY INDUSTRIES, INC.

    • Toyota Tsusho Corporation

    • Avantium

    • Solvay

Bolstering Carbon Neutrality to Foster Environmental Pillar

Business entities are responding to trends, including technological advancements and lack of resources, with investments in sustainability. Biodegradable solutions have become invaluable with the unprecedented impact of climate change on global warming. According to the Intergovernmental Panel on Climate Change (IPCC) report, emissions are required to be minimized by a minimum of 43% by 2030 (vis-à-vis 2019 levels) and at least 60% by 2035 to keep global warming within the 1.5°C limit. The UNFCCC Climate Champions assert that the net-zero transition would need USD 125 trillion by 2050 in climate investments.

Companies, such as Toray have upped their efforts to be carbon neutral by 2050. The company is committed to achieving the target by minimizing GHG in its business operations and launching carbon recycling technologies. The Japan-based company is minimizing product weight to reduce fuel consumption and explore renewable energies. Energy consumption from renewable energy sources at Toray Industries was pegged at 1.2 million gigajoules in FY 2020. The green transition is poised to usher in bullish ESG strategies in the near term.

Emphasis on Mental Health to Underscore Social Commitment

With the circular economy bringing tailwinds across business verticals, employee safety & well-being, diversity and a human-centered approach have garnered immense traction. For instance, Solvay has created a flexible working framework in its operations globally—over 7,500 employees worked in hybrid models in 2022. The company also created a November 2022 Pulse survey on well-being and inclusion.

The repercussions of the COVID-19 pandemic prompted industry leaders to prioritize mental health management and breakdown silos. The company infers it trained around 1,150 employees in well-being webinars and workshops. It also introduced the Employee Assistance Program to provide free psychological support, life coaching, mindfulness and well-being advice for all employees and members of their households. In July 2022, amidst high inflation, the Belgium-based company announced a €9.5 million (roughly USD 10.4 million) infusion for the affected employees in high-inflation countries not protected by national schemes. These financial incentives are slated to drive innovation, performance and better risk management.

Is your business one of participants to the Bioplastics Industry? Contact us for focused consultation around ESG Investing, and help you build sustainable business practices

Sound Corporate Governance to Stay Ahead of the Curve

Forward-looking companies have exhibited a commitment to high ethical standards, transparency and fairness to bolster brand positioning and meet social and environmental goals. Business management and decision-makers are banking on sound corporate governance to take their bioplastic initiatives to new heights. To illustrate, Toyota Tsusho is gearing up to underpin its speed and repertoire of decision-making through the establishment of the chief compliance officer (CCO), chief financial officer (CFO), chief strategy officer (CSO) and chief digital & technology officer (CDTO) positions.

The board of directors has become instrumental to enhance the corporate value and supervise the execution of duties by directors. So much so that four are outside directors at Toyota Tsusho, while the non-executive director serves as the Board chairman. In a bid to bolster corporate governance, its company-wide meeting system leverages directors and executive officers to assess countermeasures to deal with issues impacting the company.

The competitive landscape suggests that well-established and emerging players could inject funds into organic and inorganic strategies to tap into the global market. Companies will continue prioritizing environmental pillars, social justice, equity, diversity and inclusion to propel their ESG goals. In January 2022, Avantium reportedly built the first bioplastic plant in Dutch Delfzijl. Establishing the commercial plant would produce 5 kilotons of FDCA (raw material for PEF) per year. These buoyant initiatives are a testament to the fact that Grand View Research valued the global bioplastics market size at USD 10.2 billion in 2021 and could depict a 17.1% CAGR from 2022 through 2030.

About Astra – ESG Solutions by Grand View Research

Astra is the Environmental, Social, and Governance (ESG) arm of Grand View Research Inc. - a global market research publishing & management consulting firm.

Astra offers comprehensive ESG thematic assessment & scores across diverse impact & socially responsible investment topics, including both public and private companies along with intuitive dashboards. Our ESG solutions are powered by robust fundamental & alternative information. Astra specializes in consulting services that equip corporates and the investment community with the in-depth ESG research and actionable insight they need to support their bottom lines and their values. We have supported our clients across diverse ESG consulting projects & advisory services, including climate strategies & assessment, ESG benchmarking, stakeholder engagement programs, active ownership, developing ESG investment strategies, ESG data services, build corporate sustainability reports. Astra team includes a pool of industry experts and ESG enthusiasts who possess extensive end-end ESG research and consulting experience at a global level.

For more ESG Thematic reports, please visit Astra ESG Solutions, powered by Grand View Research

U.S. Wheelchair Market—a Deep-dive of Top Brands & Consumer Demographics

An uptick in disability rates across the U.S. has fueled the need for wheelchairs. The Census report in 2020 asserted that around 5.5 million people used wheelchairs. Besides, the U.S. is listed among the top three countries (disability rates). Disabled athletes have sought mobility devices for ease of use and self-functioning. Self-propelled wheelchairs have gained ground with soaring demand for mobility and lightweight across tennis, basketball and marathons. Furthermore, attendant-propelled wheelchairs have received the impetus in airports and hospitals. 

Wheelchair manufacturers have bolstered their product lines to keep up with the consumer preference. The U.S.-specific report will peruse the demand analysis with the data sets on the prevalence/rise of disability, education, household income, race, gender and ethnicity. The final report, coupled with the database, will offer a granular assessment of the following dynamics: 

• Top selling/demanded products and different categories of wheelchairs.

• Comparative analysis with respect to, including but not limited to, product material, applicability, braking systems, size & dimensions and cushioning systems.

• Consumer perception and insights on why certain brands have the edge over competitors.

• Inputs on electric and manual wheelchairs

Get your copy or request a free sample of the report “U.S. Wheelchair Market - Analysis of Top Brands,” compiled and published by Grand View Research.  

U.S. Wheelchair Market Analysis by Top Brands Report Scope

Attribute	Details
Consumer Demographics	Prevalence of disability in the U.S., by age Prevalence of disability in the U.S., by gender Prevalence of disability in people by Hispanic/Latino origin and  age group in the U.S., Annual household income Prevalence of Disability in the U.S., by Education
Wheelchair Adoption Rate	Wheelchair users in the U.S., by Age Wheelchair users in the U.S., by Gender Wheelchair users in the U.S., by Location Wheelchair users in the U.S., by Race Wheelchair users in the U.S., by Ethnicity Wheelchair users in the U.S., by Income Wheelchair users in the U.S., by Education
Top Brands	Top brands for Electric Wheelchair Top brands for Manual Wheelchair Top brands for Transport Wheelchair Top brands for Lightweight Wheelchair Top brands for Innovative Wheelchair
Comparative Brand Analysis	Brand Analysis on the following parameters: Material Size & Dimensions Braking Systems Cushioning system Application Others
Pricing Analysis	Brand wise Pricing

Get more insights from our in-depth market intelligence report, “North America Wheelchair Market Size, Share & Trends Analysis Report By Product (Manual, Electric), By Category Type (Adult, Pediatric), By Application, By Region, And Segment Forecasts, 2023 – 2030.”

About Us

Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights.

Find More information @ https://www.grandviewresearch.com/info/trend-reports

The Future of Real Estate ESG: Trends and Predictions

Strong environmental, social and governance (ESG) policies have become instrumental in building a resilient real estate industry supply chain. The trend for green- and smart -buildings has put the spotlight on real estate companies to exhibit a pragmatic approach to sustainability. Policymakers are counting on circular economy principles to foster their ESG rankings. Lately, heightened awareness towards renovation and retrofitting has played its part in conserving resources and minimizing emissions. Investors and lenders have shown an increased inclination for ESG reporting, a lot of shifts towards sustainability is likely to be witnessed in the near terms.

Significant progress on climate-based goals will help create long-term value for stakeholders. Commercial real estate organizations have furthered their efforts in ESG management to bolster decarbonization, diversity, equity & inclusion, workplace safety, transparency, ethics & compliance and sound corporate behavior.

Key Companies 

    • Brookfield Asset Management Inc.

    • ATC IP LLC.

    • Prologis, Inc.

    • SIMON PROPERTY GROUP, L.P.

    • Coldwell Banker

    • RE/MAX, LLC.

    • Keller Williams Realty, Inc.

    • CBRE Group, Inc.

    • Sotheby’s International Realty Affiliates LLC.

    • Colliers

Environmental Perspective

Key decision makers have upped investments in environmental KPIs to cash in on the climate change opportunities, greenhouse gas emissions metrics and environmental management systems. Bullish investments in clean energy could be a way forward to move towards a low-carbon economy. For instance, Brookfield Renewable has set an audacious goal to develop 21,000 MW of new clean energy capacity by 2030. The company claims its power generation was vital in doing away with 29 million metric tons of carbon dioxide net emissions in 2021. Brookfield also asserts that 100% of its eligible core office properties achieved a sustainability designation (2021 ESG report).

Industry leaders have focused on waste and water reduction to bolster their green building initiatives, including water conservation, energy reduction, recycling, erosion control, environmentally friendly cleaning materials, alternative transportation parking and improved indoor air quality. The company suggests that a global transition to a net-zero economy may warrant around USD 3.5 to 5.0+ trillion investments annually. The Asset management company is gearing up to minimize scope 1 and 2 emissions of in-scope assets by around one million metric tons of CO2e across real estate, private equity, infrastructure, renewable power & transition businesses.

Is your business one of participants in the Real Estate Industry? Contact us for focused consultation around ESG Investing, and help you build sustainable business practices

Social Perspective

Investors and stakeholders are creating an atmosphere to foster an open, positive and inclusive work culture. Diverse representation could be a testament to companies' adoption of a robust framework to reinforce gender diversity and other workforce demography practices. As of December 2021, Prologis has trained over 13,000 people in logistics with its community workforce initiative since 2018. It has also furthered its efforts on formal mentor programs and inclusion leadership development programs. The U.S.-headquartered company offers real estate training and programs to underpin career development, feedback and performance management.

Incumbents have banked on an environment where everyone is respected and treated fairly. In 2022, Prologis rolled out the global Inclusion & Diversity (I&D) steering committee and included new educational resources, toolkits and programs in the preceding year to underscore employee training on inclusion and diversity. The real estate investment company has left no stone unturned to undergird safety standard compliance. In 2021, the company noted that every maintenance technician in the U.S. completed the OSHA 10 general industry training. Prologis warrants each development project to have a qualified safety inspector with no other (project) responsibilities, and a concerted effort to enhance a safe work environment.

Governance Perspective

Sound governance reflects a company's policies and practices toward transparency, ethics & compliance, board diversity and ESG reporting standards. At Simon Property Group, the Director of Sustainability oversees climate-related programs, including but not limited to low carbon transition plans, fostering green technology innovation and encouraging the use of renewable energy. Notably, the Audit Committee oversees the annual disclosure of ESG matters, while the Governance and Nominating Committee helps the board oversee and review Simon's policies pertaining to sustainability.

The company has furthered its efforts to procure sustainable products, making its Suppliers Code of Conduct public in 2021. The governance aspects provide anti-corruption/anti-bribery clauses, anti-money laundering, counter terrorism provisions and restrictions on conflicts of interests and related party transactions. In 2021, it formed a diversity & inclusion (D&I) council to manage Simon's D&I strategy and offer inputs on D&I efforts. According to its Sustainability Report 2021, Simon has 36% female independent directors, while around 45% of independent directors have joined the board since 2015.

ESG has become paramount for a sustainable and profitable business. Significant capital will be guided toward sustainability as the real estate business shifts to a clean future. Investors and portfolio managers are responding to the ESG reporting trend. Prevailing industry dynamics strengthen Grand View Research's estimation of the global real estate market at USD 3.69 trillion in 2021, which could witness a robust CAGR of 5.2% from 2022 to 2030.

About Astra – ESG Solutions by Grand View Research

Astra is the Environmental, Social, and Governance (ESG) arm of Grand View Research Inc. - a global market research publishing & management consulting firm.

Astra offers comprehensive ESG thematic assessment & scores across diverse impact & socially responsible investment topics, including both public and private companies along with intuitive dashboards. Our ESG solutions are powered by robust fundamental & alternative information. Astra specializes in consulting services that equip corporates and the investment community with the in-depth ESG research and actionable insight they need to support their bottom lines and their values. We have supported our clients across diverse ESG consulting projects & advisory services, including climate strategies & assessment, ESG benchmarking, stakeholder engagement programs, active ownership, developing ESG investment strategies, ESG data services, build corporate sustainability reports. Astra team includes a pool of industry experts and ESG enthusiasts who possess extensive end-end ESG research and consulting experience at a global level.

For more ESG Thematic reports, please visit Astra ESG Solutions, powered by Grand View Research