Reaching carbon neutrality with their building portfolios ranks high in importance among sustainability goals for organizations responding to a Honeywell/Reuters survey of senior executives at 187 large, multinational corporations.
Nearly nine in 10 respondents (87%) say that achieving carbon neutrality in their building portfolio is either extremely (58%) or somewhat (29%) important in relation to their overall ESG goals. Only 4% of respondents called it unimportant.
“If we fast-forward to 2025, I believe carbon neutrality will be one of the top priorities for organizations, driven partly by new carbon taxation plans and decarbonizing incentives,” said Manish Sharma, vice president and general manager of Sustainable Buildings at Honeywell, in a news release.
While the surveyed organizations feel pressure to act, respondents seem optimistic in forecasting progress toward their goals. More than 90% of those surveyed expect to achieve carbon neutrality across their portfolios by 2050, while 62% expect to reach that goal by 2035. Only 8% of respondents say they don’t foresee carbon neutrality ever becoming a reality for their portfolios.
Companies are investing strategically to accelerate decarbonization and improve overall building performance. Although respondents noted a wide range of specific efforts, a substantial majority (80%) mentioned on-site energy management system as one investment they’ve made.
More findings from the Honeywell/Reuters survey of building owners:
- Building owners see waste and carbon reduction as the primary business benefit from improving the sustainability of their buildings. Other benefits include increasing productivity, reducing costs, improving their brand image, attracting investors, and attracting and retaining employees.
- The top two barriers to progress in sustainability and carbon neutrality are cost (29.6%) and measuring sustainability progress (21.7%). Others obstacles: lack of resources and expertise (19.7%), convincing c-suite/management (18.3%), convincing investors (6.3%), and "unsure where to start" (4.3%).
Related Stories
Green | Feb 6, 2017
A to Z: Seoul’s elevated park features 24,000 alphabetized plants
The plants will represent 250 species found in South Korea.
Green | Feb 3, 2017
Nanjing Green Towers will be Asia’s first vertical forest
The project will be covered in 1,100 trees and 2,500 cascading plants and shrubs.
Sustainability | Jan 27, 2017
An office building proposed for Norway would generate more power than it uses
Over it’s 60-year lifespan, the power generated form the project would cover the energy cost of construction, production, and material transportation.
Sustainability | Jan 24, 2017
From an industrial park to an eco-neighborhood in Brussels, Belgium
At the heart of Vincent Callebaut Architectures’ eco-neighborhood will be three 100-meter-tall Vertical Forests.
Sustainability | Jan 19, 2017
How NYC is slashing 80% of greenhouse gas emissions by 2050
To help one of the most complex cities in the world develop an actionable strategy to meet visionary GHG reduction goals, we focused on strategies for deep carbon reductions for the city’s entire building stock, which constitutes 73% of citywide emissions, writes HDR's Jennifer Bienemann.
Game Changers | Jan 18, 2017
Turning friction into power
Research on piezoelectricity moves closer to practical applications for infrastructure and buildings.
Green | Jan 17, 2017
Everything you need to know to sound brilliant when talking about biophilia
We need nature in our everyday lives – which is why it’s so important to bring nature into the built environment.
Green | Dec 22, 2016
New tool makes it easier to share building energy efficiency information
The tool standardizes data collection from efficiency projects.
Sustainability | Dec 14, 2016
A floating, mobile gym powered by human energy envisioned for the Seine River
Energy created by those exercising within would power the gym down the Seine.
Green | Dec 13, 2016
Illuminated Water Cube highlights Pittsburgh’s new 8th Street Park
The Water Cube is a functioning art installation, dispensing water to the park’s visitors.