Commercial Observer: Comparing American and European Sustainability Efforts

Roughly 50 years after America first put a man on the moon, the European Union declared an equivalent milestone. 

“[The European Green Deal] is Europe’s man-on-the-moon moment,” announced European Commission President Ursula von der Leyen in 2019. 

To really understand the gravity of this climate commitment, try to imagine that same legislative weight, publicly and collectively applied across the United States. Given America’s political polarization, legislative back and forth and, oh yeah, the barrage of anti-ESG discourse, it’s not so easy to envision, is it? 

America clearly trails Europe in efforts related to environmental, social and corporate governance, especially the environmental part, though the gap between the two may not be as significant as the Atlantic Ocean. Real estate experts resoundingly agreed that American ESG is on track to not only catch up with the efforts of European real estate but to overtake them — all within the next few years, or the decade at the outside. 

Read the full story on Commercial Observer.