Build or buy? Property investors split over ESG

Investors are wrestling with whether building or buying properties is better for the environment, as they consider the embedded carbon in a building’s construction, the emitted carbon from running it and the need to make a good investment. Liza McDonald, head of responsible investments, at Aware Super in Melbourne told AsianInvestor she favoured building from scratch. “In our property portfolio, particularly in industrial and affordable housing, we’re increasingly focusing on bu…