Future ESG implementation in Vietnam's real estate sector | |
| Author | Nguyen Thi Huong Thu |
| Call Number | AIT Proj. no.PM-ESG-25-05 |
| Subject(s) | Real estate business--Vietnam Sustainable development--Vietnam--Management Social responsibility of business |
| Note | A project report submitted in partial fulfillment of the requirements for the degree of Professional Master in ESG (Environment-Social-Governance) Management |
| Publisher | Asian Institute of Technology |
| Abstract | Real estate developers are increasingly take effort in applying environmental, social, and governance (ESG) strategies because of ESG deliverables, such as bringing reputation, branding name as well as a framework guiding their company. Focus on energy efficiency and carbon emissions will become a priority against the backdrop of the European Union's policy aiming for carbon neutrality by 2050, which will also influence all new real estate developments.Green Building is one kind of ESG implementation which emphasize to environment factors, and impacted by Governance factors. In Vietnam, Real estate investors initially green building certifications as a driving lead to ESG, and it’s close to the right demand from the stakeholders, buyer, or tenant of emphasizing sustainability principles; and there are a lot of potentially sustainable investments under this sector.With a large land reserve are available for the development of real estate projects such as: residential areas, industrial zones, schools, and offices and commercial centers, all those significantly enhance the quality of life for communities and boost economic growth. This is significantly impacted when Investors consider Real estate projects with long-term benefits, create meaningful value for the beneficiaries related to projects. Additionally, real estate field can serve as a bridge for the government in further investing for infrastructure toward the newly developed economic zones and residential areas.In terms of benefits for people and community, real estate projects provide living spaces, create a quality environment for residents, and establish communities where people have the foundation to enjoy the happiest lives.There are many projects developed in industrial zones where factories receive comprehensive support during their operation; which enabling the manufacturing working at high effectiveness.With that perception, ESG strategies in Real Estate sector has high benefit for a long lasting development; help ensuring a merging, healthy, and equitable community. The effective ESG program which establish a good environment for serving human’s diverse needs in both current and future, promoting individual well-being, social cohesion, and inclusion, and creating equal opportunities. |
| Year | 2025 |
| Type | Project |
| School | School of Management |
| Department | Other Field of Studies (No Department) |
| Academic Program/FoS | Professional Master in Environment, Social & Government Managment (PMESG) |
| Chairperson(s) | Levermore, Roger |
| Examination Committee(s) | Shah, Faiz H.;Krishna, P. V Gopi |
| Scholarship Donor(s) | Government of Switzerland |