With the increasing expectations of disclosure and scrutiny by stakeholders – regulators, investors, customers, employees, and civil society – of the ESG governance and performance of businesses, given that the environmental performance of a building is often a key element of a business’s environmental footprint, it is becoming inevitable for business to pay greater attention to the environmental performance of the buildings they operate or even merely occupy.
This update offers an overview of green leases in Singapore, explaining what they are, why they matter, and the considerations and pitfalls to look out for when structuring green leases and drafting green covenants.
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