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Boardrooms around the world are confronting a hidden giant in the carbon ledger: the built environment. Nearly 40 per cent of global carbon emissions now stem from the design, construction and operation of real estate. Investors, developers and occupiers face mounting pressure to upgrade ageing stock and future proof assets against evolving sustainability rules.
The built environment generates massive emissions: nearly two fifths of global carbon output originates in real estate. Energy performance certificates measure property efficiency: ratings from A to G determine whether a building can be let or sold under minimum energy efficiency standards. Green lease clauses encourage cooperation on data sharing, renewable energy and waste reduction, ensuring landlords and tenants work together on sustainability. Lawyers guide on third party consent exemptions, helping clients understand when tenant approvals can delay essential upgrades.
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