For all its flaws, COP28 still gives us a route to a greener future

For all its flaws, COP28 still gives us a route to a greener future

As COP28 drew to a close, it gave those attending or observing from around the world the chance to reflect on the global commitments towards building a greener future.As COP28 drew to a close, it gave those attending or observing from around the world the chance to reflect on the global commitments towards building a greener future. The UAE played host to two weeks of debate over climate change as COP28 recently rolled into town. While some questioned this region’s suitability – it being a centre of the fossil fuel industry – perhaps there is an argument to be made that this is exactly where you should hold it – to bring the issues into sharp relief. More →

It will take more than government funding for the world to reach net zero

It will take more than government funding for the world to reach net zero

The world needs up to $3.5 trillion of additional investments each year to reach net-zero and restore natureClimate finance was central to discussions at COP28 in Dubai and funding to reach net zero and restore biodiversity is still falling short. A new report from the World Economic Forum highlights the priorities for action and sets out how partnerships between organisations from the philanthropic, private and public sectors can create what it refers to as a positive domino effect, cut emissions at speed. More →

UK built environment is woefully under-prepared for climate change

UK built environment is woefully under-prepared for climate change

New analysis published by UKGBC during the COP28 talks concludes that the UK’s built environment is severely under-equipped to adapt to our changing climate.New analysis published by UKGBC during the COP28 talks concludes that the UK’s built environment is severely under-equipped to adapt to our changing climate. On five out of seven critical climate resilience priorities, UKGBC’s scorecard finds that the Government policies in its Third National Adaptation Programme (NAP3) are insufficient, flawed, or missing, placing millions of homes and buildings – and the lives of people occupying them – at serious risk of damage from climate-related disaster. More →

Cost and a lack of awareness are barely holding back surge in demand for green real estate

Cost and a lack of awareness are barely holding back surge in demand for green real estate

There is growing demand for green real estate in the APAC region, despite ongoing challenges in raising awareness and the higher costs involvedThe new RICS Global Sustainability Report for 2023 claims that there is growing demand for green real estate in the APAC region, despite ongoing challenges in raising awareness and the higher costs involved. The publication sets out to outlines the state of the world’s green and sustainable real estate and investor interest in acquiring and developing it. More →

Demand for sustainable buildings and tight regulations drive business case for investment

Demand for sustainable buildings and tight regulations drive business case for investment

The current economic environment is creating challenges for investors and occupiers to make the case for investing in retrofitting and futureproofing their real estate. JLL’s new The Commercial Case for Making Buildings More Sustainable report outlines three key factors that should be prioritized in occupiers’ and owners’ decision-making to create a more resilient and sustainable built environment. More →

Massive investment programme needed to facilitate carbon neutral future, WEF report claims

Massive investment programme needed to facilitate carbon neutral future, WEF report claims

To facilitate the transition to a more sustainable and carbon-neutral future, $13.5 trillion in investments will be needed by 2050, particularly in the production, energy and transport sectorsTo facilitate the transition to a more sustainable and carbon-neutral future, $13.5 trillion in investments will be needed by 2050, particularly in the production, energy and transport sectors, according to a new World Economic Forum report. The Net-Zero Industry Tracker 2023, published in collaboration with Accenture, takes stock of progress towards net-zero emissions for eight industries – steel, cement, aluminium, ammonia, excluding other chemicals, oil and gas, aviation, shipping and trucking – which depend on fossil fuels for 90 percent of their energy demand and pose some of the most technological and capital-intensive decarbonization challenges. More →

Economies need to cut carbon emissions by 7 percent annually to hit Paris target

Economies need to cut carbon emissions by 7 percent annually to hit Paris target

In the lead-up to the UN’s COP28 climate conference, the world’s largest CEO-led community committed to accelerating the net-zero transition is calling on businesses and governments to further slash global carbon emissions to meet the Paris Climate Agreement goalsIn the lead-up to the UN’s COP28 climate conference, the world’s largest CEO-led community committed to accelerating the net-zero transition is calling on businesses and governments to further slash global carbon emissions to meet the Paris Climate Agreement goals. According to a report by the Alliance of CEO Climate Leaders, in collaboration with the Boston Consulting Group (BCG), emissions must be cut back by 7 percent each year from now until 2030 to limit global warming to 1.5°C, as agreed in Paris in 2015. More →

Manufacturers have sustainability strategies in place but progress remains slow and patchy

Manufacturers have sustainability strategies in place but progress remains slow and patchy

Two-thirds of board-level executives at UK-based manufacturing companies agree that sustainability is a high priority and a third have decarbonisation plans in place, but according to new research conducted by management consultancy, Vendigital, progress in decarbonising products, processes, and supply chains is patchy at best, and this could cause UK industry to fall behind global competitors in the race to net zero. More →

Sustainability and skills at heart of RICS’ new manifesto for the built environment

Sustainability and skills at heart of RICS’ new manifesto for the built environment

The built environment needs to reflect the change in workforce behaviour and its approach to sustainabilityThe Royal Institution of Chartered Surveyors (RICS) is launching its manifesto for the built environment in the lead-up to the next UK General Election, titled Empowering a Sustainable Future. The UK’s built and natural environments face large-scale challenges ranging from climate change to a cost-of-living crisis. According to the manifesto, endemic skills shortages undermine development in the industry while the workplace has become more fluid post-pandemic, with the built environment needing to reflect the change in workforce behaviour and its approach to sustainability. More →

Remote and hybrid working may have significant impact on carbon footprint

Remote and hybrid working may have significant impact on carbon footprint

Fully remote workers can have a 54 percent lower carbon footprint compared with fully in-office workers and hybrid working also helps to cut emissionsFully remote workers can have a 54 percent lower carbon footprint compared with fully in-office workers, and all forms of remote and hybrid working have the potential to cut emissions, according to a new study from researcher at Cornell University and sponsored by Microsoft. The authors conclude that lifestyle choices and work arrangements playing an essential role in determining the environmental benefits of remote and hybrid work. More →

Boasting about ESG credentials can really put people off a business

Boasting about ESG credentials can really put people off a business

31 percent said they were “put off” a business that talks a lot about their ESG initiatives in the media and on social media.Efforts by some businesses to promote their environmental and social impact on society are pushing some customers away and risk damaging their reputations, according to a poll conducted by public relations agency, Clearly PR. Of the 2,072 business leaders, entrepreneurs, and marketing professionals polled, 31 percent said they were “put off” a business that talks a lot about their ESG initiatives in the media and on social media. More →

Half of firms won’t meet 2030 decarbonisation target, report claims

Half of firms won’t meet 2030 decarbonisation target, report claims

Fewer than 50% of organizations expect to meet decarbonisation targets by 2030, study reveals A new report from Siemens Infrastructure claims that there is limited agreement amongst businesses on how best to progress towards a decarbonised and resource-efficient world and under half expect to meet their net zero targets based on current thinking. According to the Transition Monitor 2023: The Great Divide on The Path to Net Zero report, whilst more than half of those surveyed believe the infrastructure transition is accelerating in their region, a quarter of senior executives said that progress on decarbonisation is “too slow”, while 29 percent believe progress is “coordinated”, and 31 percent describe it as “on target”. More →