What's Happening?
Loren Witkin, CEO of Citadel EHS, shared insights on the importance of identifying environmental, health, and sustainability risks early in the real estate development process. Witkin emphasized the challenges of building in California, highlighting the need
for collaboration with state and local governments to address project challenges effectively. He discussed the value his company adds by driving strategy and making stakeholders feel 'seen,' which he believes is crucial for building productive and happy teams.
Why It's Important?
The approach outlined by Witkin is significant as it addresses the growing demand for sustainable practices in real estate development. By identifying risks early, companies can mitigate potential environmental impacts, comply with regulations, and enhance community relations. This strategy not only supports environmental goals but also aligns with the increasing consumer and investor focus on sustainability. Real estate developers who adopt these practices may gain a competitive edge, attract eco-conscious investors, and contribute to broader environmental and health objectives.
What's Next?
Real estate developers and stakeholders may increasingly adopt similar strategies to address environmental and sustainability challenges. As regulations continue to evolve, companies will need to stay informed and proactive in their risk assessments. Collaboration with government entities and community groups will likely become more critical, fostering partnerships that can lead to innovative solutions and smoother project execution.
Beyond the Headlines
The emphasis on making stakeholders feel 'seen' highlights the cultural shift towards more inclusive and transparent business practices. This approach can lead to improved team dynamics, higher employee satisfaction, and better stakeholder engagement, ultimately driving project success and fostering a positive corporate reputation.
