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  • Writer's picturePascal De Keyser

Zooming into the 'S' in coliving's ESG promise

tokenization of real estate

Metropolitans are stokend on the buzz that vibrant city centres possess. However, according to a United Nation’s report, cities consume a whopping 78 per cent of the world’s energy and produce more than 60 per cent of greenhouse gas emissions – this coming from cities that only account for 2 per cent of the Earth’s surface!

But that doesn’t mean that we can't contribute to mitigate the effects of climate changes. And coliving can be one of the solutions. Let’s dive into ways coliving can be part of the green solution.

More Efficient Utilization of Space

As a hot millennial trend, coliving is a modern form of communal living for like-minded people to live, work and play together in one housing area. An increased housing density ultimately means that these coliving accommodations are taking up less land area, which would have otherwise been cleared for many individual houses, effectively causing deforestation and land degradation.

Sharing Is Caring

The cornerstone of sustainable coliving is the sharing of assets. The central concept that drives the coliving movement is the building of an ecosystem that promotes community building, support and connection. With such an ecosystem, all sorts of resources are shared, borrowed and swapped.

Apart from reducing energy consumption, this communal support system encourages guests to create and incorporate more sustainable routines in their daily lifestyles, such as carpooling, buying bulk foods and the like. Over time, these efforts will accumulate and will effectively reduce waste and consumption.

Sustainable Living Meets Affordability

Environmental and sustainable activism can be costly. Consider eco-friendly clothing and compare its cost with fast fashion. Pursuing sustainable living when you don’t have the financial means and accessibility can be very challenging.

Fortunately, this is where coliving can excel. One of its many tangible benefits is how it encourages the adoption of a sustainable lifestyle through affordable costs. Instead of haggling with your roommate over bills and shared expenses, coliving facilities empower you to pay an affordable, fixed rate with all the key amenities being factored in the monthly rent. Transparency through billings and invoices helps maintain visibility on facilities and amenities being charged for and utilized as well. Transparent billing helps you to develop a stronger environmental consciousness, further empowering your environmental efforts.

Wrapping Up

Considering the above, it’s no wonder why shared and communal living is poised to be part of the solutions for several global issues, including environmental ones! Next to immersing in communities where you can socialize, connect, learn and flourish, you’ll also be doing your part for the environment simply by subscribing to the coliving movement!

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