According to the survey, 65% of business users and 50% of the investors surveyed have already included reducing carbon emissions in their corporate sustainability strategy
According to the survey, 65% of business users and 50% of the investors surveyed have already included reducing carbon emissions in their corporate sustainability strategy
Sustainability is now among the top three considerations for occupants when choosing a site, alongside location and leasing, JLL said in a report.
“[About] 87% of users in our Pan-Indian survey and 78% of investors accept that “climate risk is a financial risk.” Sustainability has become mainstream for residents in India and real estate is taking center stage,” said JLL.
“[About] 87% of respondents say the link between CRE (corporate real estate) and sustainability is a board-level agenda, and 81% say real estate is a game changer in achieving the sustainability agenda,” she added.
Sandeep Sethi, Managing Director – Work Dynamics, West Asia, JLL said: “A sustainable future in general and ambitious net zero commitments in particular cannot be achieved without bringing the ecosystem together with a collaborative approach.”
“[About] 96% of stakeholders in the research survey agree that collaboration between policy influencers, investors, developers and residents will be critical to achieving these ambitions. It is therefore not surprising that sustainability has become mainstream and real estate has taken center stage. 90% of our survey respondents believe the link between CRE and sustainability is a board-level agenda,” he said.
According to the survey, 65% of business users and 50% of the investors surveyed have already included reducing carbon emissions in their corporate sustainability strategy.
“India has a big road ahead to be carbon-net by 2070 and needs to start with smaller steps. As companies commit to aggressive zero-emission targets within the next decade, the built environment must keep pace. Investing in technology to measure and accurately report emissions will be critical, as will defining clear, achievable targets within specific timelines,” said Samantak Das, Chief Economist and Head of Research and REIS, India, JLL.
“Employees will be instrumental in driving companies’ sustainability agendas, pushing for greater participation and clearly wanting to work for companies that are establishing themselves as responsible leaders. Pressure from employees will create the right motivation for employers and asset owners to adopt sustainability features if they want to remain relevant while creating opportunities for wealth growth,” added Dr. That added
