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Global Green Building Alliance Publishes Sustainable Finance Guide

Global Green Building Alliance Publishes Sustainable Finance Guide
03 July 2024 | Updated 09 July 2024
 

The recently formed Global Green Building Alliance has created a sustainable finance guide to drive the $35m investment needed across the globe to achieve net-zero.

The alliance, which includes the Building Research Establishment, the Green Building Council of Australia (GBCA) and the US Green Building Council, has launched the guide to provide the global real estate and finance sectors with information on how rating systems like BREEAM, Green Star and LEED can be used to comply with global classifications and bond frameworks.

“Financing Transformation: A Guide to Green Building for Green Bonds and Green Loans” hopes to bridge the knowledge gap when it comes to sustainable finance instruments, helping to standardise green building practices.

Social value is also a key part of the recommended approach, with the alliance championing health and social outcomes as critical investment metrics.

Gillian Charlesworth, CEO of BRE, said “By unlocking significant capital, we can drive the essential decarbonisation of our built environment despite the inherent challenges.

“This guide represents a monumental first step in coordinating a worldwide movement for green buildings, and we eagerly anticipate further collaboration to meet the challenge of climate change in the sector.”

CEO of Singapore's Building and Construction Authority (BCA), Mr Kelvin Wong added, "The International Sustainable Finance Guide represents a significant step forward for the built environment as it will equip investors and financial institutions with the tools to recognise the value proposition of green buildings. We are confident that this initiative will lead to a wider adoption of BCA’s Green Mark Scheme and other similar green building rating systems internationally. This will help catalyse the sustainable growth of the building sector worldwide towards a low carbon future."

Picture: a photograph of a person using a tablet, working on a construction site. The person is wearing a hard hat and high-visibility jacket. Image Credit: Adobe Stock

Article written by Ella Tansley | Published 03 July 2024

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