In 2024 the Polish commercial property market will be largely impacted by growing ESG regulatory pressure, said Cushman & Wakefield in its latest Trends Radar report. Following the entry into force of the EU reporting standards and the revised EPBD, investors will be required to place an increasing emphasis on implementing practical sustainable solutions for their property portfolios.

Ilona Otoka, senior ESG consultant at Cushman & Wakefield, said: “The growing importance of social and environmental aspects represents a key challenge for commercial property investors and firms.

“Regulations are undoubtedly the main driver behind sustainable growth and the implementation of ESG policies. They are forcing organizations to adopt an informed approach to managing their environmental and social impact, and to focus on climate risk and the transition towards a low-carbon economy. The need to adapt to new standards - most of which have not been fully defined at the regulatory and market levels - is creating financial and organizational pressure.”