A number of commercial real estate CEOs have made a pledge to reduce their real estate emissions by 50% by 2030 and reach net-zero carbon no later than 2050.
That is significant because as Matthew Blake, head of financial and monetary systems, the World Economic Forum, noted in prepared remarks that real estate represents nearly 40% of all energy-related GHG emissions, but "the sector is frequently an afterthought when it comes to an organization's decarbonization and sustainability strategies.
"Leaders across all industries have a responsibility to take action on their real estate GHG emissions to ensure progress in the fight against climate change."
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