Co-living spaces have the potential to be neighborhood hubs, places for knowledge and cultural exchange, and build communities.
Co-living spaces are community capitals for shared economy and shared social values.
The construction sector is responsible for 40% of energy consumption and 30% of global greenhouse gas emissions, according to the UN, World Building Council, and EU. This gives real estate players a responsibility and opportunity to build and manage their spaces sustainably. Investors, employees, and consumers are demanding businesses align their values and goals with climate change, wellbeing, affordability, and community.
ESG refers to corporate strategies that have strong environmental, social, and governance focuses in place. ESG is an umbrella term for many concepts related to sustainability, social value, diversity, inclusion and CSR.
ESG is transforming the Real Estate and Shared Living sectors. ATNEST created a hybrid hospitality model with sustainability and impact at its core. This model provides an all–in–one tenant experience platform to improve life and buildings.
To understand how Co-living companies like ATNEST can impact the environment in a positive way, let’s have a quick look at some of the main value propositions most co-living operators are offering.
- Community
- Convenience
- Affordability
Environmental, Social & Corporate Governance
Social & Economic Value
ATNEST embeds social and economic value throughout our business operations. Living in a community can help decrease consumption and waste through the sharing of space and resources, and co-living operators seemingly touch on all three aspects of social and economic value by sharing resources creating a shared economy
In regards to real estate, social value can be considered as the environmental, social and economic value that developments contribute to wider society. Social value approaches can be applied throughout all the development phases, from design to construction to operations, in order to consider how your buildings impact local communities, economies and environments.
Environmental Impact
Co-living affects sustainability in urban environments by encouraging reduced consumption through sharing and access to social capital, lowering carbon emissions from densification, and providing social belonging.
Living in a community can help decrease consumption and waste through the sharing of space and resources. Co-living operators seemingly touch on all three aspects of social value, including environmental impact.
