International data 'proving relationship' between sustainability and performance
Sustainability is now arguably one of the most critical agents of change in real estate ownership, says Legal & General's Debbie Hobbs.
In an exclusive interview with edie, Hobbs, the company's sustainability manager, said the issues relating to sustainability "can no longer acceptably be ignored".
"From a fund management perspective, the drivers of behaviour are primarily about protecting the medium to long term value of portfolios, on behalf of investors, as well as acting in a socially responsible manner," she said.
Hobbs said there is a growing bank of international data proving the relationship between sustainability and performance and, "increasing awareness amongst managers that sustainability risk is a real threat, as well as recognition that there is a duty to manage this issue".
"Future proofing portfolios against this is therefore not only a prudent action but necessary to delivering long term performance," she said.
Read the whole interview 'In conversation with Legal & General's Debbie Hobbs'