Decarbonising the Built Environment
There is growing pressure on organisations from employees, tenants, clients, cities and shareholders, as well as from society at large, to adopt more responsible and more sustainable business practices. This is coupled with heightened expectations for greater accountability, transparency and urgent climate action. With the built environment responsible for about 40% ofglobal carbon emissions, reducing the environmental impact of real estate will be a key priority for investors, developers and corporate occupiers in 2021 and beyond. To get a better understanding ofhow organisations across the globe are progressing in theirjourney toward net zero carbon and to what extent sustainability ambitions are being translated into actions, JLL commissioned an independent survey ofnearly 1,000 senior executive leaders across 20 countries. Our survey reveals that real estate investors, developers and corporate occupiers have sharpened their focus on responsibility, environmental sustainability and social purpose. However, translating good intentions into achievable targets will require partnership and transformative thinking.