Valuing Net Zero & ESG for offices
How will sustainability impact the value of assets? To achieve Net Zero by 2050, investors and occupiers need to understand how ESG will impact their assets.
The pandemic has changed the way we live, work and experience our communities. As we embark on the ‘next normal’ we need to look at the world differently and our global climate crisis is at the top of the list. The built environment contributes 40% of carbon emissions and is a worldwide issue that we must come together to solve globally.
With increased focus on Environmental Social Governance (ESG) criteria for investments and the number of ESG funds, ‘doing nothing’ means the value of your asset – no matter where it is or what type – will likely be impacted by long-term sustainability challenges.
As for the commerical real estate sector the 2050 vision is for all buildings (new and existing) to be net zero carbon across the whole lifecycle. As an interim ambition, all new buildings should be able to achieve zero carbon in operations and aim to reduce carbon emissions by 40% in 2030.
So what is the value of sustainability and Net Zero Carbon in the Office Sector?