Moving Towards Net Zero Construction | 15th - 16th March 2023 | Hotel Fort Canning, Singapore

OVERVIEW

The global discourse on sustainability in real estate is progressing rapidly, with global construction accounts for almost 38% of global greenhouse gas emissions. Companies are under high pressure to establish carbon footprint reduction and elimination process as well as designing and constructing buildings in an environmentally friendly and energy-efficient way. Meeting the demand for new buildings through green construction
will be a great stimulant for low-carbon economic growth and create skilled jobs in emerging markets for decades to come. New materials are more expensive, and will therefore demand a new pricing model. However, they can significantly reduce embodied carbon—in commercial buildings by as much as 70 percent by 2030 based on McKinsey report.

Take a closer look during next decade, green buildings represent a significant low-carbon investment opportunity in emerging markets valued at $24.7 trillion by 2030 according to IFC report. A survey in 2020 aggregating the results of 70 academic studies discovered that green building certifications are mostly linked to higher rents, high occupancy, lower yields, and higher sales prices. In 2020, mutual funds and exchange-traded funds had already invested close to $300 billion in sustainable assets globally. Greener business models are potential opportunities for trillions of dollars particularly for sustainable investment. This is going to happen, companies will move to sustainable construction, late comers will be penalized.