REDAN mandates developers on ESG-driven projects

The Real Estate Developers Association of Nigeria (REDAN) has asked developers across the country to prioritise the Environmental, Social, and Governance (ESG) principles in their projects. REDAN President, Akintoye Adeoye, said the move is part of the association’s drive to promote and institutionalise the ESG principles in the sector. Adeoye, while speaking with newsmen in […]

The Real Estate Developers Association of Nigeria (REDAN) has asked developers across the country to prioritise the Environmental, Social, and Governance (ESG) principles in their projects.

REDAN President, Akintoye Adeoye, said the move is part of the association’s drive to promote and institutionalise the ESG principles in the sector.

Adeoye, while speaking with newsmen in Lagos said the need to embrace the ESG principles comes with an obligation to ensure that “our developments are environmentally friendly, socially inclusive and governed ethically.”

He said climate change, social inequality, and governance challenges demand urgent action from all sectors, including that of the developers.

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He said: “In Nigeria, where urbanization continues to accelerate, the need for sustainable practices in real estate has never been more pressing.”

The president said by adopting the ESG principles, developers can reduce environmental degradation and better contribute to national climate goals.