{"id":5037,"date":"2022-07-15T01:29:53","date_gmt":"2022-07-14T20:29:53","guid":{"rendered":"https:\/\/infocus.pk\/?p=5037"},"modified":"2023-02-04T03:17:02","modified_gmt":"2023-02-03T22:17:02","slug":"decarbonization-now-a-must-for-real-estate-transparency","status":"publish","type":"post","link":"https:\/\/infocus.pk\/?p=5037","title":{"rendered":"Decarbonization, Now a Must for Real Estate Transparency"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>Environment and public health sustainability have emerged amongst the top requirements in real estate development across the globe. Therefore, pressure continues to grow for the real estate industry to meet the challenge of decarbonization. Due to the countries\u2019 commitment towards Paris Agreement and meeting out Sustainable Development Goals (SDG), the factor of sustainability \u2013 and the race to net zero emissions \u2013 has become the new marker of transparency as investors, companies, governments and the public look for long-term targets, regulatory standards, metrics and clear action plans.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Global Ranking of Real Estate Sustainability<\/h2>\n\n\n\n<p>The Global Real Estate Transparency Index Report has just been released internationally, which primarily mentions that countries and cities work to deliver on their climate commitments with increasing building energy performance standards and reporting requirements while green and healthy building certifications become more widespread.&nbsp; According to the report \u201cSustainable initiatives have move from building certification and fast-payback improvements to more complex data capture, disclosure and benchmarking efforts\u201d.<\/p>\n\n\n\n<p>The Report says France and the top U.S. markets (e.g., New York) head the Sustainability rankings with new regulations establishing limits on embodied carbon in new buildings and minimum requirements for existing buildings (as well as new construction), and the creation of databases to track building-level energy consumption. The UK, Canada, Australia, Japan, Singapore, Belgium, Netherlands and Sweden round out the top 10 in the Sustainability rankings with a range of ambitious climate transparency initiatives.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"674\" height=\"399\" src=\"https:\/\/infocus.pk\/wp-content\/uploads\/2021\/08\/air-quality-highrises.jpg\" alt=\"\" class=\"wp-image-3855\" srcset=\"https:\/\/infocus.pk\/wp-content\/uploads\/2021\/08\/air-quality-highrises.jpg 674w, https:\/\/infocus.pk\/wp-content\/uploads\/2021\/08\/air-quality-highrises-300x178.jpg 300w\" sizes=\"(max-width: 674px) 100vw, 674px\" \/><figcaption class=\"wp-element-caption\">How High Rise Constructions toxify Air Quality in Karachi <\/figcaption><\/figure>\n<\/div>\n\n\n<h3 class=\"wp-block-heading\">Pakistan at 68<sup>th<\/sup> in Global Ranking<\/h3>\n\n\n\n<p>Pakistan ranks at 68th position in the global real estate transparency index, categorized where \u201clow transparency\u201d is practiced. The country score 3.91 with zero Sustainability Performance and poorly rated specially in Investment Performance<\/p>\n\n\n\n<p>However, the report says there is considerable scope for progress as investors, companies and governments grapple with a complex regulatory environment and lack of consistent information to meet their goals. Beyond the leading markets, there is still low implementation of mandatory standards in areas such as building resilience and emissions reporting, as well as in the uptake of green leases and financial performance tracking. Looking ahead, alignment of regulatory initiatives, harmonization of targets and more standardized data will be needed to help improve transparency and enable real estate developers to achieve their decarbonization targets.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Sustainable Efforts to attain Real Estate Transparency<\/h4>\n\n\n\n<p>The Global Real Estate Transparency Index Report also refers a survey which reveals emerging pressure that will reshape the landscape of transparency as the real estate industry navigates an age of disruption:<\/p>\n\n\n\n<p>\u2022&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <strong>Harmonization &amp; Alignment<\/strong> \u2013 there is a pressing need for greater harmonization and alignment across the real estate industry in sustainability initiatives, regulatory environments, technologies and data frameworks.<\/p>\n\n\n\n<p>\u2022&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <strong>Enhancing Climate Resilience<\/strong> \u2013 with examples of unprecedented climate impacts already evident, attention is turning to ensuring that standards are in place to provide clarity around making cities, urban planning frameworks and buildings more resilient to future risks.<\/p>\n\n\n\n<p>\u2022&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <strong>Supporting Positive Health &amp; Social Outcomes<\/strong> \u2013 many companies are now focusing more strategically on the Social and Governance aspects of their business, and further regulations and metrics to enhance and provide guidelines for these goals across the sector are likely.<\/p>\n\n\n\n<p><strong>By<\/strong><\/p>\n\n\n\n<p><strong>Editorial, Infocus<\/strong><\/p>\n\n\n\n<p><em>Courtesy &#8212; <\/em><em>Jones Lang LaSalle Incorporated<\/em><em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Environment and public health sustainability have emerged amongst the top requirements in real estate&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5038,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[320,34,1],"tags":[79,40,46,248,62],"class_list":["post-5037","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-construction","category-featured","category-uncategorized","tag-environs-karachi","tag-infocus","tag-pakistan-real-estate","tag-real-estate-ranking","tag-sustainable-construction"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Decarbonization, Now a Must for Real Estate Transparency - Infocus<\/title>\n<meta name=\"description\" content=\"the challenge of decarbonization emerges as the top requirement in real estate development to attain transparency across the globe\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/infocus.pk\/?p=5037\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Decarbonization, Now a Must for Real Estate Transparency - Infocus\" \/>\n<meta property=\"og:description\" content=\"the challenge of decarbonization emerges as the top requirement in real estate development to attain transparency across the globe\" \/>\n<meta property=\"og:url\" content=\"https:\/\/infocus.pk\/?p=5037\" \/>\n<meta property=\"og:site_name\" content=\"Infocus\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-14T20:29:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-03T22:17:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/infocus.pk\/wp-content\/uploads\/2022\/07\/Real-Estate-Dearbonization.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"959\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"M. 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