Sustainable Real Estate: Translating ambitions into actions
How is corporate commitment to net zero and sustainability translating into action and opportunities for CRE leaders? JLL research reveals more.
If you ever thought that sustainable real estate is just an expensive fad – it’s time to get acquainted with the current work dynamics of the corporate world. Sustainability has gone mainstream now and real estate is at the core of it all.
Our latest responsible real estate survey of over 550+ Asia Pacific occupiers and investors combined, reveals that 83% of occupiers and 78% of investors have accepted that climate risk poses a clear financial risk. This creates an undeniable urgency to weave sustainability into corporate growth strategies. In fact, corporate adoption of net zero carbon commitment is set to double in Asia Pacific by 2025.
With a worldwide push for general awareness geared towards responsible behaviour, we see a growing trend and increase in employee demand of sustainable and green spaces, as they become more environmentally conscious. The war on talent will become increasingly challenging if businesses do not keep up with these expectations.
As trends shift and needs change, sustainability now sits among the top three considerations when occupiers look to lease real estate. 7 in 10 are even willing to pay a rental premium to occupy green spaces giving landlords a distinct need to reevaluate their current assets in order to future proof them and pushes investors to prioritise future investments by deploying capital in green certified assets.
Delve deeper into our research and find out what your peers are doing to translate their sustainability intentions into action. Download our report now.
A quick snapshot on the sustainability journey of your peers – where do you stand?
*Each respondent received a score based on their responses, which determines the maturity level on their sustainability journey.