ESG Impact on Real Estate: Legal Insights and Future Directions with Mark Stubbs

Join us for a new episode of ESG in Property Podcast with Mark Stubbs, a seasoned partner at Browne Jacobson Law Firm, as we unlock key contractual, reputational and financial risks of ESG for real estate companies. Mark draws on his experience in construction and engineering law to offer advice on sustainability and digitalisation in real estate, and we discuss social mobility in legal careers, highlighting Browne Jacobson's commitment to equality. We examine the UK's Environment Act 2021, which requires biodiversity net gain for developments, providing strategies for landowners and developers, exploring how to meet these innovative standards while monetising land for both environmental and economic gain. Mark stresses the importance of accurate asset records, governance audits, and board evaluations to minimise risks and maintain legal and ethical standards. The episode also covers the integration of AI in real estate construction, addressing ethical concerns and data management in line with privacy laws. We explore how linking directors' performance to sustainability metrics encourages responsible business practices. Tune in for a legal perspective on ESG and its significant impact on the future of real estate and construction. Topics: (00:06) ESG and Real Estate Contractual Risks (07:54) Social Mobility in Professional Services (13:42) Impact of ESG on Biodiversity Legislation (20:18) Biodiversity Net Gain and ESG Opportunities (31:47) Legislative Impact on Real Estate Sector (43:02) Importance of Robust Governance in ESG (51:23) The Impact of AI and Sustainability About Mark Stubbs Mark is a Partner who specialises in construction and engineering and provides advice across the entire lifecycle of a project. This includes front-end project/contract support using most of the industry standard form contracts, live support and assistance during a project. He also provides advice on the resolution of disputes through the use of mediation, adjudication, litigation and arbitration. Mark has extensive experience acting for employers, developers and contractors on high-profile projects across a range of sectors including retail, utilities, highways, logistics, PRS and healthcare. About Browne Jacobson Browne Jacobson's construction and real estate lawyers lead in providing modern legal solutions, advising across the supply chain with unique insights into both public and private sectors. Their collaborative approach fosters deep relationships with national and international companies, ensuring comprehensive guidance. They stay abreast of sector trends like digital transformation and carbon neutrality, leveraging their expertise and connections for optimal outcomes. Combining proven processes and effective communication, they offer tailored solutions to meet the evolving needs of the construction and real estate sector.