Relevant 2023 ESG Strategies Needed

Published by StarProperty: The United Nations Climate Change Conference (COP27), which was recently concluded on Nov 18 2022 in Egypt, has resulted in countries delivering a package of decisions that reaffirmed their commitment to limit global temperature rise to 1.5°C above pre-industrial levels. The key progress of this year’s COP is the ground-breaking decision to establish new funding arrangements and a dedicated fund to assist developing countries.

Policies are key to driving the implementation and integration of building design towards net zero. New Buildings Institute (NBI) recognizes three pathways to get to the net zero levels, namely Zero Energy Construction Code, Zero Energy Outcome Policy and Zero Carbon Code/Policy. Under the Zero Energy Construction Code, projects are required to demonstrate that submitted building plans are designed to achieve a zero-energy outcome. The Zero Energy Outcome Policy requires buildings to demonstrate net zero energy use based on measured building performance outcomes while the Zero Carbon Code/Policy requires the elimination of building-level combustion and moving energy cost/source metrics to greenhouse gas (GHG) emission metrics.

Read More