The buildings and construction sector accounted for around 37 per cent of energy and process-related CO2 emissions and over 34 per cent of energy demand globally in 2021.
The global real estate rental market is expected to grow to $2.56tn by the end of 2023, and the total value of commercial real estate is expected to reach $3.9tn in the same year. Although no specific figures exist, it is clear that the majority of commercial real estate space is leased rather than owned.
World Business Council for Sustainable Development (WBCSD) member companies collectively occupy an estimated 500M m2 of non-production real estate globally, which requires about 100 TWh/year of energy per year to heat, cool and run. This is the equivalent of the consumption of a mid-sized European country such as the Netherlands.
Due to the large number of stakeholders involved in building lease (owners/landlord, end users/tenants and operators/property managers) operations. and the fact that they are not engaged in the full lifecycle of the buildings they occupy, improving the environmental performance of these buildings is a major challenge.
Join "The business case of tenant-landlord relationship towards net zero" to understand how improving relationships between landlords and tenants can lead to the needed transformation of the built environment system.
The session will take place during the following times:
- 15:00-16:00 (CET)
- 09:00-10:00 (EDT)
- 18:00 - 19:00 (GST)
- 19:30 - 20:30 (IST)