Global Green Building Alliance Unveils Pioneering Guide to Propel $35 Trillion Investment for Net Zero Achievement
This week, during London Climate Action Week, an event hosted by an international alliance will mark the official launch of a groundbreaking guide. This guide aims to provide the global investment community with comprehensive insights on achieving compliance with sustainability goals across various geographies. Following the launch, the alliance will collaborate with the finance and real estate sectors to establish the best practices for measuring and reporting social value in the built environment.
According to the U.S. Green Building Council, with buildings accounting for over 30% of global energy use and more than a quarter of emissions, the International Energy Agency (IEA) has warned that the majority of existing buildings will still be standing in 2050, necessitating large-scale capital investments to support sustainable retrofits and meet climate targets.
Davina Rooney, CEO of the Green Building Council of Australia (GBCA), said the alliance will strengthen global cooperation between the finance and real estate sectors, which will be essential in kick-starting the $35 trillion investment needed by 2030. “The $35 trillion investment needed to meet global energy transition goals represents almost 10% of the value of global real estate—so we’re talking about investments on a gigantic scale,” Rooney said. “The good news is that this guide demonstrates how working with any of the leading rating tools, whether it’s Green Star, LEED, BREEAM, Green Mark, HQE or NABERS, will ensure a better outcome for people, the planet and your balance sheet.”
The CEO of Singapore’s Building and Construction Authority (BCA), Mr. Kelvin Wong, said, “The International Sustainable Finance Guide represents a significant step forward for the built environment, as it will equip investors and financial institutions with the tools to recognize the value proposition of green buildings. We are confident that this initiative will lead to a wider adoption of BCA’s Green Mark Scheme and other similar green building rating systems internationally. This will help catalyze the sustainable growth of the building sector worldwide towards a low-carbon future.”