Net Zero for All. Urban Land Institute
The business case for a net zero real estate industry is clearer than ever. Rising stakeholder pressure to decarbonize, alongside the scale of business opportunity, has ensured that the companies who lead that effort will see the highest value creation. As the window to avoid catastrophic climate change narrows, the need to drastically reduce emissions could not be more urgent. Buildings are responsible for roughly 40 percent of global emissions, and reaching net zero by 2050 or sooner will be possible only with rapid acceleration of that effort.
Real estate’s role in achieving net zero and building community well-being situates the industry in a unique position to address these intersecting challenges. Real estate leaders in sustainability and equity have already begun implementing equitable decarbonization strategies in partnership with community stakeholders, demonstrating their transformative capacity. By following suit, real estate investors, developers, and owners can support environmental and climate justice and link the net zero and social (E and S) goals of their corporate ESG programs, achieving greater long-term impact for their businesses and the communities they work in.