SPECIAL REPORT: Real Estate’s Efforts To Cut Carbon Emissions ‘May As Well Be Doing Nothing’

https://www.bisnow.com/national/news/sustainability/real-estates-efforts-to-cut-carbon-emissions-may-as-well-be-doing-nothing-118341

According to a report from the Urban Land Institute, despite the growing number of real estate firms committing to reducing carbon emissions, many of these efforts may be insufficient in achieving the necessary reduction targets. The report found that only a small number of companies are tracking their energy use and carbon emissions, while many are failing to measure the impact of their efforts. Additionally, some firms are relying on carbon offsets or renewable energy certificates, which may not actually reduce emissions, rather than implementing concrete solutions. The report recommends that real estate firms prioritize energy efficiency and onsite renewable energy, while actively monitoring and reporting their progress