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For the 2022 edition of the Sustainability Report, RICS surveyed 4,000 professionals across 36 countries to assess how sustainability and climate change are shaping the built environment.
The findings indicate a consistent increase in global demand for green buildings, although this growth remains modest. Non-green assets are increasingly subject to a "brown discount", affecting rents and prices. Investor interest in climate risk assessments is growing, signaling a shift in market priorities. In the construction industry, digital tools are being adopted to assess energy needs, but the use of carbon measurement and biodiversity impact tracking is still in its infancy. Key barriers to progress include a lack of standards, high costs and skill shortages. Collaborative efforts, such as the ICMS coalition's work on cost management standards, are vital. It is imperative that policymakers provide clear guidance and incentives to accele…
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