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The goalposts for real estate decarbonisation have been reset globally. The just-published SBTi building sector guidance represents a major shift in how real estate investors and occupiers assess the performance of their buildings and the value at risk, without major capital investment. We’re proud to be part of the expert advisory group behind this guidance. Any questions, just reach out to our #sustainability consultants Juliette Medana or Sabrina Andrei or find out more about our sustainability solutions: https://co.jll/4dJrovL #decarbonization #SBTiBuildings #sciencebasedtargets #netzero
📢 Introducing the new Buildings Sector Science-Based Target-Setting Criteria! The buildings sector is a major contributor of emissions worldwide, accounting for over a quarter of energy-related emissions. It is also deeply impacted by the climate crisis: construction delays due to adverse weather are already costing billions of dollars globally. Today the SBTi launches our sector-specific science-based decarbonization framework for companies and financial institutions (FIs) in the buildings value chain. By enabling these businesses to set 1.5°C-aligned emissions reduction targets for the first time and placing them on a path to net-zero, the SBTi Buildings Criteria is a game-changer for the industry. Highlights of the new criteria include: 🔸 Companies using the criteria must commit to no new fossil fuel installations and halve emissions by 2030 at the latest. 🔸 The framework now covers global 1.5°C pathways for upfront embodied emissions, including materials production and construction of new buildings. 🔸 A ‘whole building approach’ covering all energy consumption and fugitive emissions (e.g. leakage) from buildings’ operations. 🔸 Regional pathways for in-use emissions (those associated with buildings’ energy use) so that targets reflect variations in local power grids and how buildings are used. To introduce the criteria, join us for two global webinars on October 17 where SBTi experts will deep dive into the criteria and answer questions from stakeholders. 👉 Register for the webinar here: https://lnkd.in/gRFTUA37 👉 Explore the full criteria here: https://lnkd.in/g7J9XKAT #SBTiBuildings #sciencebasedtargets #netzero