Misaligned ESG investment incentive between landlord and tenant.

  • Misaligned ESG investment incentive between landlord and tenant.
  • Landlord pays for energy-efficiency capex; tenant captures the operating-cost savings via opex pass-through.

Split incentive

ESG · Global

Short definition

Misaligned ESG investment incentive between landlord and tenant.

Full definition

Landlord pays for energy-efficiency capex; tenant captures the operating-cost savings via opex pass-through. Resolved through green-lease provisions, performance-based rent kickers, or shared-savings agreements.

Why this matters for Class A leasing

Split incentive is part of the esg vocabulary that institutional Class A occupiers, landlords, and advisers use across Global markets. Understanding it correctly affects how you read lease documents, model occupancy economics, and benchmark deal terms across cities. Class A Atlas tracks regional variation alongside the global standard so cross-border occupiers can translate quickly.