Mediation Framework of ESG On Relationship Between Climate Change and Housing Affordability (Real Estate) Investment
DOI:
https://doi.org/10.53840/e-jpi.v13i1.347Keywords:
Real Estate Investment, Climate Change, Environmental, Social Governance, Finance Decision MakingAbstract
Climate change poses a significant challenge to the real estate investment sector, impacting property values and risk factors. ESG principles are increasingly recognized as key mediators in this relationship, shaping real estate investment decisions and climate change. This study aimed at assessment of the mediation effect of ESG on the relationship between climate change and real estate investment, quantitative and qualitative research design was employed where 162 set of questionnaire from real estate investors/ developers and 5 developer from real estate developers association of Nigeria (REDAN) was interviewed spatial equation modeling using smart PLS and thematic content analysis was carried using NVivo simple random sampling and purposive sample was employed in get the sample for both method respectively. From the finding of the study it obtained that the three dimension of ESG social and environment positively mediate the relationship between real estate investment and climate change with path coefficient of 0.408, 0.112, T-statistics of 3.714 and 1.359 and p-value of 0.000 and 0.175 respective contrary governance natively mediate the relationship with path coefficient of -0.548, T-statistics of 2.006 and p-value of 0.045, from the qualitative result is show that ESG have positive influence in real estate investments decision making and cash follow and it if further shown that it mediate the relationship and it can be conclude that the implication and the provision of ESG affect the real estate investment
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