The Impact of ESG on Pet Food Industry

Creating a better world by using resources responsibly to preserve the environment and enhance communitie's health has become paramount in the pet food industry. Shareholders expect recyclable packaging and a dip in deforestation to remain catalysts. Industry leaders prioritize making the highest quality foods to run business with transparency, integrity and ethical behavior. Leading players could invest in identifying the ESG opportunities and challenges for the continued success of the business. The assessment of ESG dynamics, including product safety & quality, energy use, water use & management, waste management, employee well-being and responsible marketing, will reshape the global landscape. 

Lately, consumers have exhibited profound traction in assessing pet food’s health and environmental impact. Pet food manufacturers are likely to count on agriculture that is in line with the sustainable environment. Prominently, regenerative agriculture has come to the fore to help reverse climate change by restoring degraded soil diversity and rebuilding soil organic matter. 

Key Companies in this theme

    • The J.M. Smucker Company

    • The Hartz Mountain Corporation

    • Mars Incorporated

    • Hill’s Pet Nutrition, Inc

    • Nestlé Purina

    • Lupus Alimentos

    • Total Alimentos SA

    • Blue Buffalo Pet Products, Inc.

    • WellPet LLC

    • Diamond Pet Foods

Environmental Perspective

Pet food brands are pushing for regenerative farming that can make products sustainable by eliminating or reducing the use of chemical fertilizers, boosting cover cropping and expanding the nutrient density of crops. Incumbent players, such as Petco Health and Wellness Company have propelled their sustainability profile. For instance, in April 2021, Petco expressed its commitment to making 50% of its product sustainable. The pillars of Petco’s sustainability are sustainably sourced materials; responsible manufacturing; responsible packaging; sustainably sourced ingredients; and animal welfare. Leading players are well-positioned to emphasize reducing water usage and sustainable sourcing of pet food ingredients.

Social Perspective

Stakeholders have upped their focus on ensuring access to quality food, connecting to community resources, ensuring workers’ safety and prompting equitable treatment for all. J.M. Smucker mentioned in its 2022 Corporate Impact Report that it coordinated over 22,000 hours of employee training and development in 2021. As of December 2022, the American manufacturer announced that the direct purchase of liquid eggs, shell eggs and egg ingredients would be from cage-free hens. The company also suggested that it had partnered with Feeding America and Greater Good Charities in FY 2022 to donate over 23 million meals for pets and people. The food company propelled its employee benefits programs by providing access to pet insurance and child development centers. 

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

Governance Perspective

A robust governance framework has become a yardstick to provide sustainable value creation. Transparency, engagement on climate action and efforts on human rights could augment the top-line and bottom-line growth with increased capital efficiency. At the 2021 AGM of Nestlé, its shareholders vouched for a detailed Net Zero Roadmap as the company is contemplating halving GHG emissions by 2030 and achieving net zero by 2050. In 2021, the Board created a Sustainable Committee to oversee strategies for diversity and inclusion and response to human rights due diligence program and climate change. The food giant has propelled its diversity profile—over 85% of management committee positions are held by local employees in the countries it operates. A concerted effort on governance can help companies strike the right balance in pursuing ESG goals.

Prominent companies have furthered their emphasis on technological advancements, product offerings, innovation and mergers & acquisitions to underscore their sustainability profile. For instance, in November 2020, Clearlake announced the acquisition of WellPet to expedite organic growth and boost value creation. The company will likely cash in on pet humanization and ownership trends. It is worth noting that the pet food market size stood at USD 94.76 billion in 2021 and is poised to witness around 4.4% CAGR 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

The Role of ESG in Shaping the Digital Lending Industry

Fintech companies, banks and non-banking financial players have exhibited traction for digital lending to streamline seamless loan disbursement, approval, recovery, credit assessment and other credit services through remote and automated lending processes. On the heels of the COVID-19 pandemic, banks are scampering to play their part in the environmental, social and governance concerns. In a bid to help transpire a greener, transparent and resilient world, digitization of the lending process could bring a tectonic shift, such as enhanced customer experience, and better decision-making. Prominently, an uptick in collaboration between investors and firms taking ESG into account has provided an impetus to banks and fintech players. 

Digital lending has added a fillip to financial inclusion, particularly assisting borrowers who may not reap benefits from formal finance sources. Banks are exploring opportunities in ramping up and automating credit processing, including digital lending and imbibing ESG considerations into lending decisions. The trend for end-to-end e-invoicing and payment solutions to help businesses with easy digital transactions has become pronounced among fintech and banks. Giving and recovering loans through apps and web platforms have become popular. A surge in mobile money accounts has expedited the advanced financial services that can reduce cost, boost transparency and streamline services. However, the prevalence of micro-financial risks and chances of spillovers to the economy have warranted regulation. In September 2022, the Reserve Bank of India issued guidelines on digital lending and emphasized that regulated entities should ensure the lending service providers and digital lending apps adhere to the guidelines mentioned in the circular. Investors are likely to prioritize environmentally sustainable strategies amidst a data-led credit process gaining ground globally. 

Key Companies in this theme

    • Ellie Mae, Inc.

    • FIS; Fiserv, Inc.

    • Newgen Software

    • Nucleus Software

Environmental Perspective

The need for an organic financial model that is in line with the environmental paradigm has become paramount for an organization to be truly sustainable. At a time when fintech lenders are navigating opportunities in state-of-the-art technologies, including AI and machine learning, investments in environmental pillar could give them an edge in the competitive ecosystem. For instance, ICE Mortgage Technology is committed to a 50% reduction in scope 1 and 2 emissions by 2032. It has also implemented data center air management, optimal thermal stratification, automated lighting control systems, and high-efficiency HVAC facilities, playing a vital role in its Power Usage Effectiveness (PUE) outperforming the base building design by around 14%. The company has also purchased renewable energy credits for electricity consumption in data centers and offices. A bullish approach towards sustainability will foster their brand position in the global landscape.

Social Perspective

Of late, an inclusive financial ecosystem has come on the horizon for social progress with access to borrowing and capital opportunities. Companies are offering competitive and comprehensive upsides to foster employees’ well-being, health, financial security, diversity, and inclusion. In essence, Fiserv has formed a solid partnership with Black colleges and universities and the National Black MBA Association in the U.S. In 2021, the Fiserv Back2Business initiative augmented its commitment to USD 50 million which initially stood at USD 10 million for minority-owned small businesses affected by the COVID-19 outbreak. Furthermore, the company has invested in workforce diversity as it asserts that 34% of employees are diverse in race or ethnicity. Companies have increased banking on social strategies as an integrated part of their business process. 

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

Governance Perspective

Fintechs and banks have been championing the significance of ESG for the sustainability of the business. Assessment of ESG-related opportunities and trends has largely been fueled by the governance aspect. The operation of companies in an ethical manner to dissuade corruption and bribery has become pronounced. Notably, Newgen Software has furthered its commitment to a high level of transparency, accountability and integrity. With a two-tier governance model, the company comprised 7 directors (as of March 31st 2021), out of which 4 directors were non-executive directors (independent), while three were executive directors. The Board has prioritized innovations in business strategies, diversity, strategic planning and analysis and compliance requirements for transparency, accountability, and safeguard of shareholder interest. Given the risk of a data breach, stakeholders have also emphasized risk management to provide state-of-the-art security of operations and curb business disruptions. 

Concerted efforts in risk oversight, business strategy, succession planning, ESG and financial reporting could provide an edge to key players. The digital lending market size stood at USD 5.84 billion in 2021 and could register an impressive CAGR of 25.9% from 2022 through 2030. Strong demand for quick access to working capital for daily operations will provide impetus to the growth of the advanced lending process. 

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

Poultry Vaccination—a Perusal of Diseases Control Measures Based on Regions and Countries

The high-density rearing of commercial birds has put the spotlight on poultry vaccination to boost immunity and protect against strains of pathogens. The prevalence of Newcastle diseases among turkeys, ducks, birds, geese and guinea fowl has prompted several countries to bolster their policies. In essence, Victoria, Australia, has made vaccination for Newcastle disease mandatory. Besides, pervasive antibiotic resistant salmonella strains in South Africa were reported in South Africa in 2022. The U.S., meanwhile, reported 57.53 million poultry animals grappling with high pathogenic avian influenza (HPAI), as of December 2022. 

Grand View Research’s Animal Health Research Team has collated a qualitative and quantitative database with an emphasis on 3 key poultry diseases across 23 countries. The final report, coupled with the database, will deep-dive into the following dynamics:

• Estimated total poultry population with inputs on disease- status and –prevalence, reported new outbreaks, official vaccination and government regulations, among others. 

• Insights on control measures, including general surveillance, border precaution, movement control and disease notification.

• Trends that could play an invaluable role in shaping the regional outlook, including North America, Europe and Asia Pacific. 

• The database will also shed some light on government initiatives, vaccination status, disease status and reported new outbreaks. 

Get your copy or request a free sample of the report “Poultry Vaccination Coverage Estimation By Diseases, 2018 – 2021,” compiled and published by Grand View Research. 

Poultry Vaccination Coverage Report Scope

Scope	Details
Species	Poultry
Region	North America, Europe, Asia Pacific, LATAM, MEA
Country	U.S., Canada, UK, Germany, France, Italy, Spain, Denmark, Sweden, Norway, China, Japan, India, Australia, Thailand, South Korea, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE, Kuwait
Total Animal Population	Estimated Total Poultry Population from 2018 to 2021 (in numbers)
Disease Type	Newcastle Disease, Salmonella Sp., Avian Influenza-HPAI
Estimated Vaccination Coverage in %	Specifies the estimated percentage of animals that have received vaccination (at least one vaccine dose) for that particular disease. Includes both prophylactic and therapeutic vaccination.
Years	Quantitative Data 2018; 2019; 2020; 2021 Qualitative Data includes the 2022 updates
Notes	Specifies the relevant information on disease prevalence, disease active/non-active status, control measures, vaccination status (official/prohibited), reported new outbreaks for the years in scope, prevalent serotypes of viruses, recent disease situational updates, government initiatives, and others.
Deliverable Format	MS Excel/ Dashboard

Related Reports:

• Poultry Vaccines Market Size, Share & Trends Analysis Report By Product (Attenuated Live Vaccines, Inactivated Vaccines, Recombinant Vaccines), By Disease Type, By Application, By Region, And Segment Forecasts, 2023 – 2030

• ASEAN Poultry Vaccines Market Size, Share & Trends Analysis Report By Product (Attenuated Live Vaccines, Inactivated Vaccines, DNA Vaccines), By Application, By Disease, By Country, 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

Global Ambulance Services Market—a Deep-dive on Company’s Strategic

A renewed focus on ambulance services with technological advancements has helped stakeholders navigate opportunities and trends shaping the healthcare industry. An uptick in chronic diseases and road accidents has expedited the demand for emergency medical services. Ambulance services reportedly accounted for USD 39.14 billion of business in the healthcare industry in 2022. The penetration of paramedics has accentuated the footprint of helicopters, motor vehicles, boats and airplanes to foster the healthcare service. 

Amidst stiff competition, well-established players have forged partnerships and injected funds into product offerings to tap into the global market. To illustrate, in November 2022, Saudi RPM introduced an ambulance center to ramp up its KSA operation. 

Grand View Research has built the database emphasizing the global presence of ambulance services and revenue generation opportunities of the market. Along with the database, the final report will peruse into following dynamics:

• Footprint of leading companies, elucidating financial performance, key competitors and benchmarking. 

• Insights on, including but not limited to, SWOT analysis, PORTER’s five force analysis, heat map assessment and market share.

• Inputs on demand analysis, regulatory scenarios and service providers.

Get your copy or request a free sample of the report “Global Ambulance Services Market - Analysis of the Changing Landscape, Strategic Initiatives by Industry players, and Company Wise Financial Performance, Service Coverage, Regulations, and Reimbursement,” compiled and published by Grand View Research. 

Ambulance Services Market Study - Topics Covered

Company Overview

• Establishment Year

• Headquarters

• Employee Strength

• Verticals

• Financial analysis

Regional Outlook

• North America

• U.S.

• Canada

• Europe

• U.K.

• Germany

• France

• Italy

• Spain

• Sweden

• Denmark

• Norway

• Asia Pacific

• Japan

• China

• India

• Australia

• Thailand

• South Korea

• Latin America

• Brazil

• Argentina

• Mexico

• Middle East & Africa

• South Africa

• Saudi Arabia

• Kuwait

• UAE

 

• Number of ambulances (Region wise)

• Planned regional expansion

• Presence of major players

Service Coverage

• Ambulance service offered (by vehicle type)

• Number of ambulances (by vehicle type)

Other parameters

• Ambulance regulations and registration (International & Regional)

• International reimbursement

• Region-wise reimbursement

• Impact of COVID-19

Get more insights from our in-depth market intelligence report “Ambulance Services Market Size, Share & Trends Analysis Report By Transport Vehicle (Ground Ambulance, Air Ambulance, Water Ambulance), By Emergency Services, By Equipment, 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 

Trends in ESG Reporting for Protein Supplement Industry

Consumers are emphasizing sustainability credentials when purchasing food & beverages, prompting protein supplements manufacturers to bank on ESG metrics. Sustainable packaging, environmental preservation, clean label claims, transparency, ethics & compliance and health have become paramount among sustainability-minded consumers. Plant-based and whey-proteins have garnered popularity among Gen Z and millennials, a trend likely to drive the footprint of sustainable food.

Whey protein has become prevalent among athletes and customers who warrant protein supplements in their diet. Manufacturers, consumers, media and influencers are counting on whey protein powders to foster sustainable food production. Decision-makers seek a crystal clear picture of how protein products will impact the environment, community and governance.

In September 2022, the Good Food Institute (GFI) and FAIRR rolled out an ESG reporting framework for the alternative protein industry. At a time when the world is gearing up for climate accountability, disclosure of the ESG framework could underscore business practices.

Learn more about the practices & strategies being implemented by industry participants from the Protein Suppliements Industry ESG Thematic Report, 2023, published by Astra ESG Solutions

Environmental Perspective

The soaring popularity of protein supplements, including powders, bars and shakes has prompted stakeholders to prioritize their environmental footprint. Global watchdogs, such as the Intergovernmental Panel on Climate Change (IPCC), have vouched for sustainable meat production to decarbonize food production and keep up with the demand for protein. In August 2022, an Oxford study deduced that meat alternatives had less than a tenth of the environmental impact of meat-based equivalents.

Forward-looking companies have furthered their efforts to underpin their environmental profile. For instance, in 2022, Glanbia upgraded its scope 1 & 2 emissions reduction targets and aims for 100% recyclable, reusable or compostable packaging by 2030. It has also set the target of a 50% absolute reduction in emissions from operations and a 25% reduction in dairy emissions intensity by 2030. Establishing environmental goals and transitioning to a low-carbon economy will open a unique window of opportunities in the global landscape.

Social Perspective

A sustainable future demands product safety & quality, employee health and well-being, diversity & inclusion, responsible nutrition, animal welfare and fair pricing. In August 2022, Harvard Health Publishing noted that protein powders could contain added sugars and calories. During the year, Clean Label Project claimed in a report that protein powders may contain heavy metals, pesticides or other contaminants linked to cancer or other health issues. With vegans, athletes and adults banking on protein powders to supplement their diets, industry leaders are expected to emphasize consumers' health & safety to bolster the brand position.

Decision-makers have shown an inclination to attract and retain diverse employees to bolster their ESG performance. For instance, Abbott is gearing up to achieve gender balance with at least 45% female representation across STEM and global management roles. The company is on course to offer one million job and development opportunities by 2030. Commitment to diverse perspectives and ideas will drive innovation and help attain Sustainability plans.

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

Governance Perspective

Investors, consumers, companies and governments are making informed decisions with good corporate governance practices, regulations, compliance with laws, transparency and board diversity, among others. To illustrate, in 2022, Glanbia updated its anti-bribery and corruption policy to reinforce fraud prevention procedures. Females represent 55.5% of the independent non-executive directors, the company exhorted in its Annual Report and Financial Statements 2022. Meanwhile, Abbott mentioned in its DEI Report 2021 that one-third of the leadership roles were held by people from underrepresented groups, while women accounted for 40% of the global management positions in 2021.

ESG reporting is expected to be pronounced as governments can mandate climate reporting by 2025. For instance, in April 2021, the EU Commission proposed a Corporate Sustainability Reporting Directive. In September 2022, Kroger updated its ESG action plan to underscore its strategy and propel sustainable packaging. ESG disclosure, reporting and claims have gained momentum in 2023 and could be prevalent in the ensuing period.

As the industry forays into ESG reporting, incumbent players are slated to inject funds into organic and inorganic strategies that can help them transition their protein portfolios to meet sustainability goals. In 2023, NOW Foods announced shifting its supplement bottles to 100% post-consumer recycled (PCR) resin. The step will enable the natural products company to reuse recycled packaging materials and minimize its carbon footprint. These dynamics suggest the global protein supplements market could depict an 8.5% CAGR 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

ESG Reporting in the Online Tutoring Services Industry

An uptake in environmental, social and governance (ESG) investments in the online tutoring services industry has redefined the global landscape. The onslaught of the COVID-19 pandemic furthered the demand for online learning, a trend that gained ground globally. The choice of place to earn degrees and certifications has notably impacted the carbon footprint. For instance, adopting virtual learning led to a significant reduction in energy consumption across school buildings. Besides, it provides impetus to diversity, providing learning for all with internet access.

Although online tools play a part in reducing pollution, the emergence of digital pollution has augmented the carbon footprint. In common parlance, energy used to run devices and power the wireless networks lead to carbon dioxide emission. The rampant pandemic compelled students, tutors and parents to bank on virtual classes and redefined the education landscape. Demand for seamless online tutoring services has shifted the focus to ESG goals and performance. 

Key Companies in this theme

    • Ambow Education

    • ArborBridge

    • Beijing Magic Ears Technology Co., Ltd.

    • BYJU’S

    • Chegg, Inc.

    • Club Z! Inc.

    • iTutorGroup

    • Qkids Teacher

    • Varsity Tutors

    • Vedantu.

Discover more regarding the practices and strategies being implemented by industry participants form the Online Tutoring Services Industry ESG Thematic Report, 2023, published by Astra ESG Solutions

Environmental Perspective

Learning at home has become a trend among Gen Z and millennials across emerging and advanced economies. A notable reduction in pollution and emission from transportation has fostered the environmental profile of online education service providers. According to Bloomberg, almost 60% of kids take a car to school. Moreover, Ireland’s Environment Minister Eamon Ryan infers that a dip in parents driving their children to school by 30% would benefit everyone. Industry leaders are exploring opportunities to minimize environmental impact and emphasize sustainable operations.

In 2022, Chegg used the Greenhouse Gas Protocol Corporate Accounting and Reporting Standard to perform its second annual greenhouse gas emissions analysis. Besides, its 2020 and 2021 inventories comprised scope 1 (direct emissions from energy generation, heating and cooling) and scope 2 (indirect emission emanating from purchased electricity) emissions. The company helped combat pollution and minimize waste by providing students with e-textbooks and textbook rental services.

Social Perspective

Edtech giants are providing a slew of personal development and wellness programs, including tuition reimbursement, health upsides, paid parental leave, student debt payment, professional leadership coaching, childcare credits and mental health support. Stakeholders are also promoting diversity, equity, inclusion, leadership succession, retention and employee engagement.

Several studies have noted that companies with employee diversity are likely to have above-average profitability. In October 2021, Byju’s, the Indian edtech multinational company, announced hiring AI and ML specialists in the U.S., the U.K. and India. It rolled out Byju’s Lab to cash in on the global talent pool and explore new technologies and innovative tools. A deeper assessment of diversity, equity, employee engagement and pay equity can notably influence social goals.  

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

Governance Perspective 

A transition to the digital world to minimize energy consumption has underscored the significance of smooth corporate governance, ethical behavior, transparency, board diversity, executive pay, anti-competitive policies and corporate governance. According to Chegg’s ESG report 2021, 50% of directors are women, while 20% belong to underrepresented ethnic groups. Besides, 9 out of 10 directors are independent and the company asserts its executive pay practices are in line with shareholder interests. Edtech behemoths have fostered business activities to enhance quality education, good health, economic growth and reduced inequalities. 

Virtual education providers have bolstered their financial systems and propelled value relationships. For instance, in the Q1 Earning Release 2022, Nerdy announced 2022 EBITDA guidance for Q2 and the whole year, suggesting an infusion of funds into direct-to-consumer and institutional segments to boost “always on” learning solutions. In November 2022, The company claimed it had no debt with USD 106.4 million of cash on its balance sheet, alluding to sufficient funds to achieve adjusted EBITDA profitability by 2023 end. 

With schools and educational institutions leveraging online tutoring services to supplement traditional schooling, boosting product offerings and investing in innovations could be the go-to strategies. Integrating into the foundation of ESG could deepen the commitment to sustainability. To illustrate, in January 2022, Khan Academy joined forces with SBI Foundation to expedite last-mile access to education in Punjab, India and underpin content localization to enable students to learn in their language. These dynamics indicate the online tutoring services market could witness an impressive CAGR of 14.7% 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

Why ESG is Essential for Real Estate Investment Success

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

Discover more regarding the practices and strategies being implemented by industry participants form the Real Estate Industry ESG Thematic Report, 2023, published by Astra ESG Solutions

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