The world is at a tipping point. Last month, the latest report of the United Nations Intergovernmental Panel on Climate Change laid out a stark warning: Humanity needs to dramatically ramp up its efforts to reduce carbon emissions, and it needs to do it right now. As a major contributor to global greenhouse gas output, the commercial real estate industry has to be at the forefront of the fight against the climate crisis — but a major investigation by Bisnow shows it is not doing its part to avert ecological disaster.
Bisnow undertook an analysis of the decarbonization targets of the world’s 75 largest real estate investors and managers, to see if the warm words of press releases and ESG reports was being matched by tangible action. In too many cases, the gap between words and actions was stark.Almost half of the… Read the full story here. |