“KBS views sustainability among its top values as a real estate owner and operator. The ranking from GRESB validates our initiatives over the past several years,” said Marc Deluca, CEO and Eastern regional president of KBS. When it comes to sustainable commercial real estate (#CRE) initiatives, the heat is on. Not only was 2023 officially the warmest year on record – with global temperatures continuing to increase at an escalated rate – economic losses from natural disasters worldwide topped $380B. Offsetting these statistics, funding for climate-focused start-ups continues to climb, and CRE has been the fastest-growing climate tech vertical, with $5B invested in 2023 alone. With the frequency of extreme weather events increasing CRE’s sustainability efforts, many CRE portfolios are prioritizing environment, social, and governance (#ESG) issues – as well as certification – to help them achieve their sustainability goals and pave the way to net zero. KBS, for instance, has furthered its commitment to being an industry ESG leader by setting the goal of achieving a 5% greenhouse gas emissions reduction by 2025. In this week’s blog, we dive into the critical intersection of climate considerations and commercial real estate trends. We also explore investment patterns in climate-focused startups, the impact of green building standards on property valuations, and the challenges and opportunities for innovation in carbon emissions mitigation. Click the link below to learn more about the evolving landscape of climate-focused investments and their implications for the future of real estate: https://lnkd.in/g6nr8Ua9 #CommercialRealEstate #Office #Sustainability #ClimateChange #GlobalWarming #GreenInitiatives #Environment #Economy #Growth #Trends
Wonderful way to differentiate and lead! I have no doubt you will be rewarded for these genuine good efforts!
Impressive commitment to sustainability, KBS! 🌱 It's inspiring to see how commercial real estate (CRE) companies like yours are leading the way in addressing climate change through robust ESG initiatives. Achieving a 5% greenhouse gas emissions reduction by 2025 is a commendable goal. we also prioritize sustainability and understand the critical role technology plays in achieving these goals. The insights on climate-focused startups and green building standards are particularly intriguing. We're excited to follow KBS's journey and contribute to a more sustainable future. Thank you for sharing these valuable insights and initiatives!"