20 Jan 2015
Consultations and Case Studies – Responsible Business Best Practice – Land, Construction & Real Estate Sector
The UN Global Compact – RICS Responsible Business Best Practice Toolkit for the Land, Construction & Real Estate Sector Toolkit
Global Compact city participants have been invited to contribute to a global consultation related to a toolkit for responsible business best practice for the land, construction & real estate sector.
They are also invited to contribute case studies of good practice.
The land, construction, and real estate sector represents about 70 percent of global wealth. The global construction industry alone is one of the largest sectors in the world. Its contribution to global GDP makes up around one-tenth of the total with a share of overall employment of almost seven percent. This sector has a substantial sustainability impact through land development, resource use and waste generation, during both the construction and occupational phases.
To improve responsible business practices in the land, construction, and real estate industry, the United Nations Global Compact and RICS have partnered to jointly develop a best practice toolkit for the sector. This collaboration is among the UN Global Compact’s first initiatives to address corporate sustainability in a specific sector following the recent launch of its Post-2015 Business Engagement Architecture.
Delivery of the 2-year project will be in the summer of 2015. The process to develop this toolkit is supported by a global Steering Group comprising of UN Global Compact participants from the areas of real estate, development, finance, investment, construction, research and training, as well as global law firm Latham & Watkins LLP, the Karlsruhe Institute of Technology, RICS’ industry-academia partnership university.
Toolkit project objectives
The project’s primary goal is to clarify the fundamental relevance of the Global Compact Principles to the land, construction, and real estate sector and provide a practical Toolkit to assist participants operating within that sector to better implement those principles in their activities.
To achieve this aim the project will seek to deliver on three key objectives:
1. Identify opportunities and challenges for the sector relating to the UN Global Compact’s issue areas of human rights, labour, environment and anti-corruption, as well as broader UN goals;
2. Engage UN Global Compact participants from the sector, as well as real estate users and stakeholders, to capture existing best practices and scale up sustainability initiatives; and
3. Develop a best practice Toolkit built on the Global Compact’s Ten Principles to help companies in the sector and its downstream users across the property lifecycle (Development, Real Estate Use, Recovery and End of Life) to tackle sustainability issues and harness significant opportunities.
Cities are invited to participate in the global consultation
The consultation period is open until 16 March 2015
Contribution of Case Studies
Case study material is being sought, particularly in relation to the following issues:
– Land governance
– Transparency & Anti-corruption
Real estate use phase:
– Decent work and human rights in the value chain
Recovery & End of Life:
– Refurbishment & retrofitting
– Waste management, resource conservation and recycling during demolition
– Rehabilitation of site into bio-habitat
If your organisation has a suitable best practice example in relation to the issue areas above it may want to show-case as part of the Toolkit and the practical supplement, please usthe e Case Study Request Template and return to the contacts below at your earliest convenience.
Leimer Tejeda (UNGC) – email@example.com
Ursula Hartenberger (RICS) – firstname.lastname@example.org