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.Link to resource
Sectors: Buildings, Finance
Country / Region: EuropeTags: Banks, built environment, carbon, cities, citizens, economic capital, efficient construction of buildings, Industry Regulators, Institutional Investors, MDG 7: environmental sustainability, National Regulators, natural capital, SMARTER, Supranational Regulators, sustainability, targets
In 5 user collections: Green Home Investment Platform – Industry Regulators , Green Home Investment Platform – National Regulators , Green Home Investment Platform – Supranational Regulators , Green Home Investment Platform – Institutional Investors , Green Home Investment Platform – Banks
Knowledge Object: Web Resource
Author: Royal Institute of Chartered Surveyors, CBRE