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Enabling net-zero built environment

February 27, 2023 213 1 ESG & Sustainability Industry Trends

Enabling net-zero built environment

Decarbonization of the built environment is complex, as construction sector accounts for about 39% of energy-related carbon emissions emanating from building materials, construction and operations. All stakeholders need to take a collaborative approach to address this issue through dynamic policy making, innovation, aggressive R&D and an inclusive approach towards decarbonization. • Developers’ preferences have shifted towards developing high performing assets to reduce environmental impact. At the same time, green buildings are seen to have higher occupancy levels and rental premiums, leading developers to prioritize sustainability in their real estate portfolios. • Owing to the benefits such as lower operational costs, improved indoor environment, low carbon footprint and stronger brand positioning, occupiers are increasingly preferring high-performance buildings. Occupiers and developers are increasingly collaborating by entering into green leases, as they advance their commitments towards net-zero transition. • The government is also currently revisiting its existing environment policies and is making efforts to make them more holistic and comprehensive. Initiatives such as Green Hydrogen policy, National solar mission are expected to further boost decarbonization efforts in the country.


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Sukanya Dasgupta, Head Marketing and Communications - sukanya.dasgupta@colliers.com

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