How Greener Infrastructure Can Power The Global Economy

The Royal Institute of Chartered Surveyors (‘RICS’) and CBRE indicate the urgent need to implement environmental sustainability across the real estate sector given the effects of urbanization and the opportunities that circular economies, circular cities and an environmentally performant building stock present for a regenerative sector.

Deploying principles of circularity in the built environment will ease raw material scarcity, reduce embodied carbon and address significant challenges for the real estate sector. Natural capital should become a priority in the global construction and real estate arenas in order to meet necessary reductions in carbon. While Real estate portfolios managed under robust ESG strategies are generally showing favorable performance and investment return, buildings that don’t meet market expectations are increasingly susceptible to write-downs in value.

As the last two years has seen a significant rise in the demand for environmental sustainability across the real estate sector, there are expected to be growing opportunities for improvements in relation to Science Based Target (SBT) and net zero carbon commitments.