Publications

- March 1, 2022: Vol. 16, Number 3

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Stepping up to the plate: The European real estate industry has increased its efforts in the fight to control climate change

by Paul Danks

Post-COP26, the real estate industry is shifting its focus from discussion to tangible action. This switch is essential for the built environment to deliver on its commitments to a 36 percent decrease in CO2 emissions by 2030 to keep global warming below the Paris Agreement’s 2°C target.

To that end, Society of Industrial and Office Realtors (SIOR) members across Europe have shared in-depth insights on the impact that climate change is already having on the commercial real estate industry across the continent. Their insights have highlighted both how different countries are responding and how the proven solutions they are implementing can be applied elsewhere. They have placed climate impact at the centre of their consultancy and operations in response to strong client demand and evolving ESG requirements in the market, where regulation is adapting to become tighter.

One trend emerging strongly across the board is that climate change is being embedded into the trans

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