Abstract
This research critically evaluated the environmental, social, and governance (ESG) progress and compliance of Dipula Income Fund within the context of contemporary real estate management. Fuelled by the imperative to address environmental damage and promote sustainable living, the study identified obstacles hindering ESG adoption in the real estate sector and endeavours to provide practical strategies for sustainable and socially responsible property asset management.
Dipula Income Fund, situated at the nexus of environmental awareness, social consciousness, and governance considerations, faces the challenge of aligning its operations with evolving ESG standards. The research presented a mixed-methods approach, combining quantitative data analysis with qualitative insights from interviews with key stakeholders.
The findings revealed commendable strides in environmental sustainability through renewable energy disclosure, but highlighted gaps in water consumption, waste management, and climate risk assessment. Socially strong dedication was noted, yet transparency improvements in remuneration disclosure and human rights due diligence processes were deemed essential.
Governance practices exhibited commitment, but enhanced transparency in outcomes and detailed ESG incident reporting was necessary. The study recommends proactive measures, such as refining disclosure practices and engaging tenants in waste reduction, to fortify Dipula Income Fund’s commitment to ESG principles. Ultimately, the research emphasised the importance of aligning the objectives with strategy and transparently reporting on ESG incidents for genuine progress and compliance with ESG standards in the real estate industry.
The research highlighted the importance of integrating ESG compliance into urban planning processes to ensure sustainable development in the real estate industry, incorporating sustainable practices, efficient resource management, and community engagement strategies.
Keywords: Environmental, social and governance (ESG); Urban planning; Sustainable development; SPLUMA; Dipula Income Fund, Real estate