Global CEOs have made a pledge to reduce their real estate emissions by half by 2030 and reach net-zero carbon no later than 2050.

Eight global companies including JLL and Schneider Electric have signed up to the pledge so far, and with buildings contributing 38 per cent of all energy-related greenhouse gas emissions, the movement could significantly help reduce climate change.

“While real estate represents nearly 40 per cent of all energy-related GHG emissions, the sector is frequently an afterthought when it comes to an organisation’s decarbonisation and sustainability strategies,” said Matthew Blake, head of financial and monetary systems, World Economic Forum. “Leaders across all industries have a responsibility to take action on their real estate GHG emissions to ensure progress in the fight against climate change.”

The firms will meet implement the Forum’s Green Buildings Principles. Released last year, and developed in collaboration with JLL, the World Green Building Council and the Forum’s Real Estate community, the Green Building Principles can be formally adopted by firms and include an Action Plan detailing implementation.

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