These days, people have an endless appetite for technology that makes our lives simpler. But Simon Carter is repeatedly asked about the expense of this convenience.

Many technologically based projects look promising. Alphabet subsidiary Sidewalk Labs has planned a Toronto-based smart neighbourhood in Toronto. Yet as community and technology unites, city planners are rushing to keep up with the latter.

Carter says that human beings now can look forward to a digitalised future.

And this will mean structural transitions for cities, businesses, communities, and society as a whole.

That’s the whole motivation behind the Sustainable Digitalisation Project, an industry collaboration rendering digitalisation in real estate and cities responsible, ethical and sustainable. The project was introduced in Sydney last Wednesday.

The project is guided by roundtable discussions in Sydney and Melbourne consisting of representatives from developers, councils, universities, investment companies and other organisations.

The roundtables will aim to determine sustainable digitalisation goals, and assess responsible property technology to give tenants trust in the technological capabilities of their building structures.

Planned as a partnership with GRESB, the project will solidify the indicators that investors should focus on in this area. Carter asserts that the sustainability profile of technologies can bear a material effect on investments, citing the shootings at Christchurch as an example.

He pointed out that Christchurch united many governments and technological leaders to examine the issue of the propagation of violence across social media.

A group of New Zealand investors supported this project by way of a $5 trillion donation, including Australian super funds. An issue material to their investments is material to their shareholders.

The culminating component of this project will involve an investigation into the ESG implications of autonomous vehicles in the urban environment and the positives and negatives of this concept.