An initiative to tackle the harmful effects of commercial property on the environment is to be launched next week by a group of the sector’s leading organisations and corporate occupiers. Financial Times
The so-called 'environment code', which has the support of bodies such as the CBI, the employers’ organisation, and RICS, as well as companies such as Barclays and BP, aims to provide a single international benchmark to assess the impact of buildings on the environment.
Corporate property is estimated to be responsible for some 20% of global CO2 emissions, mainly via energy use, but also through waste and water production. About 50% of a company’s CO2 emissions are said to be produced by its real estate, making it a key target for tackling pollution under many corporate social responsibility programmes.