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
Codes and Standards | Jun 21, 2017
World Green Building Council: All buildings must be net zero by 2050 to avert 2°C rise
Building efficiency essential to tempering global climate change.
Green | Jun 16, 2017
Could this become London’s greenest building?
Curl la Tourelle Head Architecture wants to create a school powered by the River Thames.
Green | Jun 15, 2017
45-meter spiraling tower lets you walk above the trees
A 600-meter treetop path culminates with a 45-meter-tall spiraling observation deck.
Green | Jun 14, 2017
After Paris: What’s at stake for the building industry
In the wake of President Trump’s unilateral decision to withdraw the U.S. from the 2015 Paris Climate Agreement, many in the building industry have optimistically pointed to unstoppable market forces pushing the sector towards a post-carbon future.
| Jun 13, 2017
Accelerate Live! talk: Next-gen materials for the built environment, Blaine Brownell, Transmaterial
Architect and materials guru Blaine Brownell reveals emerging trends and applications that are transforming the technological capacity, environmental performance, and design potential of architecture.
Office Buildings | Jun 8, 2017
Take a look at the plans for Google’s new 1 million-sf London campus
Heatherwick Studio and BIG are designing the 11-story building.
| May 30, 2017
Accelerate Live! talk: Health-generating buildings, Marcene Kinney, Angela Mazzi, GBBN Architects
Architects Marcene Kinney and Angela Mazzi share design hacks pinpointing specific aspects of the built environment that affect behavior, well-being, and performance.
Codes and Standards | May 30, 2017
Industry Groups move toward Unified Green Building Model Code in 2018
The effort involves combining ASHRAE's Standard 189.1 with the International Green Construction Code.
Multifamily Housing | May 22, 2017
Zaha Hadid Architects residential development takes a page from a classic Bradbury tale
The buildings are on an elevated platform and the surrounding walkways are suspended so as not to disturb the surrounding ecosystems.
Architects | May 16, 2017
Architecture that helps children fall in love with the environment
The coming decades present a major ecological challenge... so let’s encourage the next generation to do something about it!