Exploring ESG Dimensions in the Urban Context

This article provides a critical and thematically structured literature review of Envi-ronmental, Social, and Governance (ESG) urbanism as it intersects with the right to the city, green gentrification, affordable housing, public-private partnerships, and partici-patory governance. Drawing from over 100 peer-reviewed sources published between 2020 and 2025, the study examines how ESG frameworks are adopted, contested, and operationalized across diverse urban contexts. While ESG has emerged as a dominant paradigm in urban planning and real estate, the review reveals its frequent co-optation by market-driven agendas, which risk reproducing socio-spatial inequalities under the guise of sustainability. At the same time, the literature highlights promising alternatives rooted in environmental justice, multispecies ethics, legal reform, and community-led planning. The review advances the argument that ESG must be reframed not as a universal compliance model, but as a situated, justice-oriented framework capable of responding to the complex ecological and social realities of contemporary urbanization. By foregrounding relational governance, inclusive design, and equitable urban futures, the article contributes to an emerging research agenda that challenges technocratic sus-tainability and reclaims ESG as a transformative tool for spatial and environmental justice.

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Publication Details

Journal
Real Estate
Published
2026-09-01
DOI
https://doi.org/10.3390/realestate3030014
Primary Topic
Urban Planning and Governance
Type
article
Field-Weighted Citation Impact
0.00
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article

Exploring ESG Dimensions in the Urban Context

Delfor Tito Aquino, Hannan Vilchis Zubizarreta, Américo Tito
Real Estate
Urban Planning and Governance
article

Exploring ESG Dimensions in the Urban Context

Delfor Tito Aquino, Hannan Vilchis Zubizarreta, Américo Tito
article en

Abstract

This article provides a critical and thematically structured literature review of Envi-ronmental, Social, and Governance (ESG) urbanism as it intersects with the right to the city, green gentrification, affordable housing, public-private partnerships, and partici-patory governance. Drawing from over 100 peer-reviewed sources published between 2020 and 2025, the study examines how ESG frameworks are adopted, contested, and operationalized across diverse urban contexts. While ESG has emerged as a dominant paradigm in urban planning and real estate, the review reveals its frequent co-optation by market-driven agendas, which risk reproducing socio-spatial inequalities under the guise of sustainability. At the same time, the literature highlights promising alternatives rooted in environmental justice, multispecies ethics, legal reform, and community-led planning. The review advances the argument that ESG must be reframed not as a universal compliance model, but as a situated, justice-oriented framework capable of responding to the complex ecological and social realities of contemporary urbanization. By foregrounding relational governance, inclusive design, and equitable urban futures, the article contributes to an emerging research agenda that challenges technocratic sus-tainability and reclaims ESG as a transformative tool for spatial and environmental justice.

Real EstateVol. 3(3)
Universidad Nacional del Altiplano (PE), Universidad de Navarra (ES)
Sustainable cities and communities
Openalex Percentile: Top 4%
Urban Planning and Governance
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