JLL aims to achieve net-zero by 2040 while enabling its client base to decarbonize their portfolios by this time through actively partnering with them toward real estate carbon reduction and sustainability. JLL expects 95% of the firms’2018 baseline greenhouse gas emissions to be fully abated, and any residual offsets required will be limited to no more than 5% of that baseline.
JLL has become a signatory of several landmark initiatives, including:
- The Paris Agreement: aligned to the 1.5°C ambition which aims to limit the global temperature increase in this century to the same amount above preindustrial levels to substantially reduce the risks and impact of climate change.
- The Climate Pledge: a commitment by the firm to being net zero by 2040; ten years ahead of the Paris Agreement. Signed May 2021.
- World Green Building Council Net Zero Carbon Building Commitment: positions energy efficiency as a central component to achieving decarbonization across global real estate portfolios along with generating and procuring renewable energy to meet reduced energy demand. Signed September 2020.
JLL will publish a report on pathways to net zero ahead of this year’s COP26 United Nations Climate Change Conference.Link to resource
Sectors: Buildings, Finance
Country / Region: GlobalTags: assessment of the status quo, Banks, baseline, carbon, citizens, climate change, emissions, energy, energy demand, Industry Regulators, Institutional Investors, Investors, National Regulators, risks, SMARTER, Supranational Regulators, sustainability, United Nations
In 5 user collections: Green Home Investment Platform – Industry Regulators , Green Home Investment Platform – National Regulators , Green Home Investment Platform – Supranational Regulators , Green Home Investment Platform – Institutional Investors , Green Home Investment Platform – Banks
Knowledge Object: Web Resource
Author: Climate Action, JLL