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Half  of Asia Pacific real estate companies, investment funds aim to achieve net zero by 2050
Research - FEBRUARY 22, 2024

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Half of Asia Pacific real estate companies, investment funds aim to achieve net zero by 2050

by Andrea Zander

The role of chief sustainability officer (CSO) is rapidly gaining prominence in the Asia Pacific region as investors display increased appetite for sustainable portfolios, according to CBRE’s Asia Pacific Real Estate Chief Sustainability Officer Survey.

In collaboration with the U.S. Green Building Council (USGBC), CBRE conducted a survey among real estate companies and investment funds in Asia Pacific to understand how they perceive the role of CSO, their Environmental, Social & Governance (ESG) strategies and challenges, and prospect for achieving net zero.

About half of the surveyed asset owners named 2050 as their target to achieve net zero, largely aligning with the targets set by their governments. However, many multinational occupiers are aiming to reach net zero by 2030. The discrepancy is primarily because building materials and construction activity are carbon-intensive for asset owners, particularly developers, while service-sector tenants are

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