Global Alliance to Support 75% of Buildings That Haven’t Yet Gone Green

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13 November 2024

An initiative led by the UK’s Building Research Establishment hopes to help underperforming buildings unlock investments to help them decarbonise.

The Green Building Council of Australia (GBCA), the Singapore Green Building Council (SGBC), the U.S. Green Building Council (USGBC), and Alliance HQE-GBC France also contributed to the report.

The report, “Building Transition: How to Scale and Finance an Inclusive Transition for the Built Environment” argues that most buildings are locked out of green finance and resources due to a lack of capital. 

The group feels that standardising global decarbonisation standards, with concrete standards, metrics, and decarbonisation tools that can be used globally, will help. A lack of a common approach in reporting standards makes it harder to truly understand building performance and its ability to adapt to climate risks over time. 

The report states: “Even with mandatory sustainability reporting in several jurisdictions being in place today, the range of information captured, how it is presented, and the consistency of information within the built environment varies so greatly that very few comparisons or conclusions can be drawn.”

Jane Goddard, Deputy CEO of BRE said “Bridging the gap between high-performing and underperforming buildings is essential to achieving our global decarbonisation goals. This report underlines the importance of inclusive investment strategies that unlock capital for the majority of buildings, ensuring that no part of the built environment is left behind. At BRE, we believe that scalable, context-specific solutions—backed by robust data, strong policies, and global standards—are key to transforming the built environment and meeting the urgent challenges of climate change.”

Picture: a photograph of some glass-fronted commercial building taken from below. Image Credit: Unsplash

Article written by Ella Tansley | Published 13 November 2024

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