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RICS Sustainability Report provides a global benchmark for issues of climate, carbon and sustainability practice. The 2023 edition represents the sentiment of around 4,600 real estate and construction professionals from across more than 30 countries.
The Q2 2023 RICS Global Commercial Property Monitor (GCPM) and Global Construction Monitor (GCM) reveal how climate change is increasingly influencing practices in the built environment sector. The findings show rising interest in green real estate, driven in part by government policy. However, investment in sustainable buildings faces barriers such as high upfront costs and uncertain returns. While waste reduction and material reuse are gaining traction, carbon emissions measurement remains limited. Adoption of global standards like the Whole Life Carbon Assessment and expanded education efforts are essential. Clear policy direction is needed to accelerate decarbonization and resili…
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