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Carbon Intelligence supports 3 of the 10 new signatories to WorldGBC Net Zero Carbon Buildings Commitment

By Grace Melville
24th September 2020

10 new companies have pledged to take action on net zero buildings by signing the Net Zero Carbon Buildings Commitment, bringing the total number of signatories to 110.

During World Green Building Week we saw a flurry of organisations sign up to the Net Zero Carbon Buildings Commitment and publicly align themselves with the ambition to tackle climate change and drive change in the Commercial Real Estate Sector. This commitment recognises business, organisations and regions taking action to reach net zero carbon in operation for all assets under their direct control by 2030, and all buildings to be net zero carbon in operation by 2050.

We’re proud to have supported 3 of the 10 new signatories

We’re proud to have supported 3 of the 10 new signatories, IPUT, Grainger and Brunswick, make this ambitious step to aligning their business to sustainability and holding themselves accountable should they fail to act. 

For real estate, not adapting to the climate crisis will risk buildings becoming obsolete, and losing value because they are unattractive to let or purchase. Real estate has a collective opportunity to lead the drive to net zero, and therefore a responsibility to do so. 

 

The Commitment

The Commitment calls upon business, organisations, cities, states and regions to take urgent, ambitious and immediate climate action towards decarbonising the built environment.

The Net Zero Carbon Buildings Commitment (the Commitment) challenges business, organisations, cities, states and regions to reach net zero carbon in operation for all assets under their direct control by 2030, and to advocate for all buildings to be net zero carbon in operation by 2050.

By setting ambitious ‘absolute’ targets, the Commitment aims to maximise the chances of limiting global warming to below 2 degrees, and ideally below 1.5 degrees, by drastically reducing operational carbon from buildings.

 

What this means for our clients

This commitment to sustainable buildings marks us out as a real estate provider of choice

 “At IPUT, our clear commitment to sustainable business practices is a cornerstone of our investment strategy. We established our first formal sustainability strategy in 2016, putting in place the structures and governance for the responsible development and management of our portfolio. Our Responsible Investment and “Shaping our City” investment strategies include a focus on Climate Action and, in turn, this commitment to Net Zero in operations by 2030. We believe this commitment to sustainable buildings marks us out as a real estate provider of choice in the Dublin market.”
– Shane Caldwell, Senior Portfolio Manager and Sustainability Lead, IPUT

 

“Brunswick Property Partners has built ESG considerations into our investment process from the beginning and is core to how we invest and redevelop our buildings. This commitment to become Net Zero by 2030 reflects the values and strategic focus of our property fund.”
– Jonathan Cochrane, Asset Manager, Brunswick

 

“Grainger’s ESG commitments include a focus on achieving net zero carbon operations of our buildings and setting an ambitious and achievable timeline. We recognise our responsibility to continue our environmental leadership in the residential sector, and this commitment to Net Zero operations by 2030 is front and centre to that. We will use our leadership position to demonstrate how private rental and build to rent can decarbonise and advocate best practice across the industry.”
Charlotte Hopkinson, Head of Sustainability & CSR, Grainger Plc

 

It is fantastic to see these industry heavyweights rise to the climate emergency

It is fantastic to see these industry heavyweights rise to the climate emergency challenge and step up their ambition. The theme for this year’s World Green Building Week, ‘Act On Climate’, couldn’t be more appropriate as the need to tackle the climate crisis is brought into ever sharper focus. We look forward to working together with these UKGBC members to help them put this Commitment into practice and accelerate the transition to a net zero carbon built environment.”
Julie Hirigoyen, Chief Executive at UKGBC

 

We encourage you to sign up to the next round of commitments, this November, contact us to see how we can support you, email info@carbon.ci

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