REPORT OUTLINES GROUNDBREAKING ROADMAP TO ACCELERATE DECARBONSATION OF BUILDINGS BY BRIDGING 'SPLIT INCENTIVE' GAP

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Split incentives occur when the landlords and building developers investing in energy efficiency upgrades do not directly benefit from their investment, though tenants enjoy lower energy costs.The report by the SMI's Sustainable Buildings Transition Hub outlines challenges, solutions and best practices for addressing the split incentive gap.Strategies are focused on three key areas: Legislation and Policies; Target Setting; and Green Leases.serves as the Sustainable Markets Initiative's mandate with a focus on accelerating positive results for Nature, People and Planet through real economy action. Read more: www.sustainable-markets.org

About the SMI's Sustainable Buildings Transition Hub

The Sustainable Buildings Transition Hub is made up of global CEOs from throughout the buildings industry working together to accelerate the delivery of net zero buildings to reduce carbon emissions. Together, the members are united by a common ambition to harness the power of technology and drive partnerships and policy decisions that enable the adoption of sustainable building technology and drive a lower carbon future.

The Task Force has supported this ambition through initiatives, including:

A whitepaper released at COP28 to address embodied carbon in the built environmentA whitepaper released at COP27 sharing best practices and recommendations for corporations to decarbonize the built environmentDriving a net zero building commitment among SMI members to have at least one carbon neutral building by 2030, while decarbonizing heat and deploying ultra-low carbon building materials when possible.Regular working group meetings to drive action to accelerate the delivery of net zero buildings to reduce carbon emissions.

Sustainable Buildings Task Force members include:

George Oliver, Chairman & CEO at Johnson Controls (Chair)Clare Harman Clark Senior Counsel, Taylor WessingCharlotte Cordingley, CEO Clear FuturesDave Regnery, Chair and CEO Trane Technologies, SMI Sustainable Buildings Technology Workstream LeadElliot Robertson, CEO, Robertson GroupIrene Gallou, Partner Foster and PartnersSteve McGill, Founder and CEO, McGill and PartnersTroy Rudd, CEO, AECOMMichael Stassinopoulos, Executive member of the Board, ViohalcoPaul Williams, CEO, Derwent LondonAmit Sinha, Mahindra Lifesciences

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