Real Estate Sustainability Council (RESC)
Nareit’s Real Estate Sustainability Council (RESC) was created in October 2016 to help guide Nareit's ESG efforts and priorities.
The RESC currently consists of more than 30 actively participating Nareit corporate member sustainability thought leaders—representing all REIT sectors—with a mission to help shape and lead the REIT industry as it continues to address a variety of complex ESG issues. One to two employees of Nareit corporate members are welcome to represent their organizations as RESC members. Most RESC members hold sustainability titles, however, operations, public relations and investment relations professionals are also eligible to become RESC members.
The RESC typically meets three times a year, in January, July and November during Nareit’s ESG Forum. The topics that are discussed during the RESC meetings are based on ESG priorities in the REIT industry, such as investor interest in ESG issues, ESG reporting, the latest sustainability trends and technologies, as well as ESG best practices utilized by Nareit members.
The ESG Forum (formerly known as Leader in the Light) is a hands on collaborative workshop that provides Nareit corporate members the opportunity to advance the sustainability conversation, and to better understand leading sustainability practices among their peers.
Leader in the Light Awards
Nareit's annual Leader in the Light Awards honor Nareit member companies that have demonstrated superior and sustained sustainability practices.
The Leader in the Light Awards are presented to REITs in eight property sectors: Diversified; Global, (non-U.S.-based companies); Health Care; Industrial; Lodging/Resorts; Office; Residential; and Retail.
JumpStart Initiative (ESG Education and tools)
Nareit’s JumpStart program was initiated at the 2017 Leader in the Light Working Forum. The goal of this real estate sustainability/ESG education initiative is to provide guidance to Nareit corporate member companies that are either just starting a sustainability program or looking to further develop their existing program. This initiative aims to:
- Simplify the understanding of sustainability/ESG planning, implementation and reporting by Nareit member REITs and real estate companies by providing how-to guides, videos, templates and case studies;
- Facilitate mentorship from experienced REIT/real estate sustainability leaders;
- Build efficiencies with respect to the time, effort and resources needed by Nareit member REITs and real estate companies that are either just starting a sustainability program or looking to further develop their existing program.