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The climate impact of the real estate sector cannot be understated, with buildings contributing nearly 40% of global carbon emissions. Asia, home to over half of the world’s urban population, plays a critical role in this equation, with the region’s emissions projected to increase as urbanization and development accelerate. 

With approximately 70 billion square meters of real estate expected to be developed in Asia over the next two decades, the region has the potential to not only reduce emissions but to set new standards in sustainable urban planning and construction.

Key Decarbonization Strategies for Asia:

  1. Limiting Urban Sprawl: Urban expansion in Asia has often led to low-density developments, resulting in higher emissions due to increased infrastructure demands. Cities can mitigate these impacts by focusing on high-density, mixed-use developments, creating efficient urban spaces that minimize transportation needs and reduce the overall carbon footprint.

  2. Sustainable Construction Practices: The materials and processes used in construction have a significant carbon impact. By adopting innovative materials and techniques, such as using greener concrete mixes, and integrating supplementary cementitious materials, developers can dramatically cut emissions. For example, certain concrete mixes can reduce carbon emissions by up to 40% compared to traditional materials.

  3. Carbon Capture and Storage: Emerging carbon capture technologies offer promising solutions to reduce emissions from the manufacturing of construction materials. Though still in early stages, these technologies have the potential to significantly cut emissions if adopted at scale.

  4. Advanced Data and AI Solutions: Accurate data tracking is essential for effective emissions management. Technologies that integrate data from utility bills, smart meters, and Building Management Systems enable real-time tracking and smarter energy management, reducing emissions tied to building operations.

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A Path Forward for a Sustainable Asia

The decarbonization of Asia’s built environment represents both a challenge and a $47 trillion economic opportunity, driven by the need to align with global climate goals while catering to the unique demands of the region. Achieving this requires a targeted approach, one that equips developers, investors, and policymakers with strategies that balance sustainability with Asia’s rapid growth.

 To dive deeper into these strategies, download the whitepaper “From Concrete to Carbon Neutral: Decarbonizing Asia’s Built Environment”.

 

 

 

 

sudheer perla
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Annu Taljera

Founder, CEO
Accacia

 
 
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Buildings contribute 40% of global carbon emissions, with Asia representing half of the world’s real estate markets. This whitepaper presents an Asia-first approach to decarbonizing the region’s built environment, addressing rapid urbanization and fragmented geographies through industry case studies. It outlines key strategies, highlights capital investment opportunities, and offers a roadmap for sustainable growth.

While venture capital in sustainable building tech is rising globally, Asian startups secure only 10% of this funding. Technology-led solutions are critical to helping Asia leapfrog towards decarbonization, with both venture capital and corporate initiatives playing essential roles. This transition is estimated to represent a $47 trillion opportunity.

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Cushman & Wakefield released its 2023 Sustainability Report, highlighting the firm's global impact and progress across key sustainability areas. The report underscores the company's commitment to embedding sustainability in its operations and service offerings, helping clients achieve their goals while strengthening corporate reputation and mitigating risks. It reflects Cushman & Wakefield's focus on transparency, accountability, and continuous improvement in environmental, social, and governance (ESG) performance. Chief Sustainability Officer Jessica Francisco emphasized the firm's dedication to shaping a sustainable future, not only for clients and stakeholders but for the planet. Cushman & Wakefield is actively reducing its environmental impact, fostering a diverse and inclusive workplace, and enabling clients to meet their sustainability objectives. With ambitious future targets, the firm is focused on taking immediate action for a better, more sustainable future.

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Mindspace Business Parks REIT Group is proud to present its third ESG report for the Financial Year (FY) 2024. Sponsored by the K Raheja Group, Mindspace Business Parks REIT (“Mindspace REIT”) and its Asset SPVs (hereafter referred to as “Mindspace REIT Group” or “Mindspace REIT” or “Group” or “we” or “us” or “our Entity”) are defining the future of efficient and equitable workspaces that are designed around the pillars of occupant wellness and sustainability.

Guided by an impact led ESG strategy, we encourage broader stakeholder participation to expand the reach of our sustainability practices and catalyze change across the larger ecosystem beyond our properties. As we grow our footprint to accelerate long-term value creation for our stakeholders, we continue to be powered by our ESG strategy.

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Asia Pacific REITs are leading the charge in sustainability, driving the decarbonization of the region's real estate. With over 200 REITs and a market cap surpassing $250 billion, they are setting new standards for green assets and aligning with net-zero goals.

However, climate risks and regulatory pressures loom large, making it imperative for REITs to innovate and collaborate to safeguard their assets and seize the massive opportunity in sustainable growth. Learn how APAC REITs are navigating these challenges and pioneering a resilient, green future.

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David Fogarty
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Sigrid Zialcita

CEO
APREA

 
 
David Fogarty
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David Fogarty

Head of ESG Consulting & Sustainability Services
Paia FROM CBRE, APAC

 
 

Download the Report (English)    Download the Report (Chinese)    Download the Report (Japanese)

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