Responsible Business: A Framework for Real Estate Management

RICS (2021) | Retrofitting, Information, Technology

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The framework offers non-mandatory guidance that complements existing professional standards on sustainability, ethics, and building operations. Linked to RICS' Royal Charter, it is designed for property professionals across all sectors and regions, including facility managers, estate directors, and facility management service providers. The framework is structured into four sections (Introduction to responsible business and the real estate management sector, Governance considerations, Social considerations and Environmental stewardship) and supports organizations of all sizes in adopting responsible practices tailored to their growth and capacity. Its goals include promoting best practices, influencing stakeholder expectations, and embedding ESG principles into real estate management. It also aligns with global standards, such as the UN Sustainable Development Goals, emphasizing the sector's role in generating lasting social va…