>

>

Global real estate CEOs pledge to halve buildings-related emissions by 2030

By Atiqah Mokhtar

/ EdgeProp Singapore |

January 15, 2023 8:31 PM SGT

CEOs of firms including JLL and Ivanhoé Cambridge and Avison Young have pledged to reduce their real estate emissions by 50% by 2030 and reach net-zero carbon no later than 2050 (Picture: Pedro Lastra/Unsplash)

SINGAPORE (EDGEPROP) - CEOs of global real estate firms have pledged to reduce their real estate emissions by 50% by 2030 and reach net-zero carbon no later than 2050, according to a press release by the World Economic Forum (WEF). The organisation is holding its annual meeting in Davos, Switzerland from Jan 16 to 20.

Read also: Climate-tech venture, BillionBricks closes US$2.45 mil seed funding round led by Thakral

Buildings contribute 38% of all energy-related greenhouse gas emissions, notes Mathew Black, WEF’s head of financial and monetary systems. “Leaders across all industries have a responsibility to take action on their real estate greenhouse gas emissions to ensure progress in the fight against climate change,” he says.

Signatories to the pledge include real estate services firms Avison Young, GPFI Group and JLL, developers Edge and Majid Al Futtaim Properties, and investment company Ivanhoé Cambridge. Energy management specialist Schneider Electric and lighting provider Signify also signed the pledge.

The firms will meet the targets by implementing WEF’s Green Building Principles. Developed in collaboration with JLL and released last year, the report outlines a sequence of steps to deliver net-zero carbon real estate portfolios.

Tags:

World Economic Forum JLL real estate sustainability net-zero

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Perennial Holdings and Far East Organization unveil Golden Mile Singapore, and will launch the strata commercial units this month

2

Government ramps up private housing supply; offers three EC sites on Confirmed List

3

Novo Place hits 88.1% as 137 units snapped up in second balloting

4

Project Spotlight: This condo in Ang Mo Kio has 241 profitable and no unprofitable transactions

5

What’s next for Bayshore

Our Site

Follow Us

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00