It has been widely published that buildings account for more than one-third of global carbon emissions and energy consumption. What has changed more recently is that, while decreasing carbon emission has always been important for the environment, today it is also essential for business reasons, as well, according to a report by Brian Chinappi, partner and head of real estate, and James Magor, director, sustainability, both with Actis, which was published in the June issue of Institutional Real Estate Asia Pacific.
“In a world focused on decarbonisation,” write Chinappi and Magor, “where everyone from large corporates to investors have net-zero targets and decarbonisation pathways to meet, assets that are not sustainable present risk and have lower transaction value.”
“Green certification of sustainable buildings has become a hygiene factor — a necessary attribute rather than a unique selling point,” continue the authors.
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