How do leading developers like Stanhope tackle climate risks, reduce carbon emissions, and implement effective ESG strategies?

In this episode of The ESG in Property Podcast, Adam Hinds and Jordan Relfe MRICs speak with Nils Rage, Head of ESG at Stanhope PLC, a developer responsible for over £40 billion in real estate assets and £4 billion under management.

About Nils Rage:

Nils shares how he has built a comprehensive ESG framework at Stanhope, integrating sustainability into every stage of the property lifecycle—from pre-acquisition to design, construction, and ongoing operations.

With extensive expertise in real estate development and asset management, he explains how ESG is transforming the sector and delivering commercial, social, and environmental value.

Key Discussion Points: Climate Resilience in Property: Nils breaks down how Stanhope addresses major risks like flooding, heat stress, and water scarcity. He also discusses the importance of working with insurers to understand physical risks and maintain long-term asset insurability.

Decarbonisation in Practice: Learn how Stanhope sets and enforces embodied carbon targets by trade package, reducing emissions without additional costs or delays. Nils highlights how these practices align with CREM (Carbon Risk Real Estate Monitor) decarbonisation pathways.

Tenant Engagement and Green Leases: Nils explains Stanhope’s approach to collaborating with occupiers, implementing green lease clauses, and using smart building technology to optimise energy use. These efforts have delivered an 18% reduction in energy consumption across their office portfolio in just one year.

Social Value Strategies: Discover how Stanhope tailors social impact initiatives to local needs, addressing issues such as cost-of-living challenges, biodiversity loss, and inclusive economic growth.

Episode Chapters:

00:00 Introduction to ESG in Real Estate

07:07 Nils Rage's Journey and Career Path

13:46 The Evolution of Nils' Role at Stanhope

20:53 Understanding ESG-Related Risks

30:06 Climate Resilience and Its Importance

32:29 Navigating Climate Risk and Insurance

35:38 Understanding Heat Stress in Buildings

38:21 Implementing Sustainable Strategies in Construction

44:10 Engaging with Subcontractors for Sustainability

50:26 The Role of AI in Real Estate

53:39 Decarbonization and Tenant Engagement

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