Honeywell and Reuters conduct survey that reveals dramatic increase in sustainability

by Liv Croagh
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The survey revealed that over 80 percent of respondents, reaching carbon neutrality with building portfolios ranks as a high importance. This means that sustainability goals are becoming a vital part of building practice.

Listed among the priorities of multinationals are greater energy efficiency, better indoor air quality, and meeting environmental, societal and governance guidelines.

Nearly nine in 10 respondents (87 percent) say that achieving carbon neutrality in their building portfolio. Only four percent of respondents have listed carbon neutrality as being unimportant in their work and folios.

It’s no surprise that more and more businesses and construction arms of companies are taking carbon neutrality seriously, as currently commercial building operations account for 37 percent of global energy-related CO2 emissions. 

Vice president and general manager of Sustainable Buildings at Honeywell, Manish Sharma, talked about the ongoing conversations with current and prospective customers. “If we fast-forward to 2025, I believe carbon neutrality will be one of the top priorities for organisations driven partly by new carbon taxation plans and decarbonising incentives,” says Sharma.

While the surveyed organisations are feeling pressure to act, respondents seem generally optimistic in forecasting progress toward their goals. More than 90 percent of those surveyed expect to achieve carbon neutrality across their portfolios by 2050, while 62 percent expect to reach that goal by 2035. Notably, only eight percent of respondents say they don’t foresee carbon neutrality ever becoming a reality for their portfolios.

Benefits noted by respondents:

Respondents also noted the business benefits of ramping up sustainability efforts across building portfolios. When asked which three of these benefits they valued most, they cited the following:

  • complying with external regulations and investor demands: 90 percent; with more than 50 percent of those surveyed ranking it number one,
  • increasing productivity and realising cost reductions: 84 percent, and
  • improving brand image: 60 percent.

 

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