There has been a considerable shift in recent years toward greater environmental awareness, with ESG becoming increasingly prominent and governments establishing ambitious climate goals.
The built environment, which accounts for approximately 40 percent of global CO2 emissions, is a major focus for decarbonization efforts and a common objective for nations worldwide. The industry faces a substantial challenge: According to CBRE, 37 percent of the world’s buildings must be decarbonized by 2030 to meet the targets set by the Paris Agreement.
Climate commitments are shaping legislation, which is becoming stricter to accelerate progress toward a net-zero future. The varying policy approaches in the United States, the United Kingdom and Europe, particularly in the commercial real estate sector, highlight the importance of fostering global learning, knowledge sharing and collaboration over competitiveness. There is an abundance of valuable expertise on the most effective m
