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 | Nov 16, 2015
USGBC Working Group approves new guidance for LEED Materials & Resources Credit 4
Helps product manufacturers offer insight into material and supply chain sustainability
Green | Oct 30, 2015
First WELL-certified city district will be built in Tampa, Fla.
The plan calls for the construction of a $2 billion, 40-acre urban mixed-use development, where all buildings will pursue WELL Certification.
Sponsored | Green | Oct 22, 2015
Six-story living wall improves building performance at University of Ottawa
Benefits of the living wall include dust control and sound abatement.
Green | Oct 21, 2015
GBCI announces 2015 class of LEED Fellows
The 35 winners have demonstrated leadership within the green building movement.
Multifamily Housing | Oct 15, 2015
Montreal apartment is world’s largest residential cross-laminated timber project
Its 434 condo, townhouse, and rental units in three eight-story buildings are made from sustainably harvested wood turned into panels by Canadian company Nordic Wood Structures together with the Cree Nation in Chibougamau.
Green | Oct 5, 2015
ULI report: Commercial real estate properties cutting emissions, energy use
The new report from ULI’s Greenprint Center shows a positive trajectory of real estate properties worldwide reducing energy and water use.
Green | Oct 1, 2015
New York showcases an urban farm for public housing
Providing healthy foods and job training are two of this project’s missions.
Multifamily Housing | Sep 28, 2015
Vo Trong Nghia’s 'diamond lotus' will feature sky garden pathways linking high-rises
The 22-story housing complex in Ho Chi Minh City will have façades covered with plants and a rooftop garden that connects the structures.
Green | Sep 11, 2015
GBI releases Green Building Assessment Protocol for Commercial Buildings for public comment
Revised ANSI standard open for review through Oct. 26
Retail Centers | Aug 27, 2015
Vallco Shopping Mall renovation plans include 'largest green roof in the world'
The new owners of the mall in Cupertino, Calif., intend to transform the outdated shopping mall into a multi-purpose complex, topped by a 30-acre park.