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Guide to Commercial Real Estate Sustainability

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In 2040, approximately 2/3 of the global building stock will be buildings that exist today, underscoring the importance of balancing the efforts made in sustainable new construction with upgrades and retrofits to existing buildings to meet zero carbon standards. Deep retrofitting goes significantly beyond current conventional practice by maximizing efficiency improvements and incorporating zero carbon tech. There is no denying that retrofitting for sustainability is a more expensive, complex, and time-intensive process than aligning new construction with sustainability measures. The viable options for technology upgrades and structural changes may also be limited depending on the age and location of buildings, compounding the complexity of deciding which retrofits are necessary across an entire commercial portfolio. 03 — Deep Retrofitting 04 — Embodied Emissions and the Life Cycle Approach: Taking a whole life cycle perspective when constructing a building means accounting for both operational and embodied emissions and what happens to the buildings and furnishings at the end of their current use. Using low-carbon construction materials, designing buildings to use materials efficiently, and planning for the reuse or recycling of materials at the end of the building's lifetime can all contribute to lowering its overall emissions. Refurbishing and restoring old buildings, instead of demolishing and rebuilding them, is also important in minimizing construction-related emissions. Proactive commercial real estate firms involved in new construction will consider the indirect emissions produced through the building materials they utilize. Just three materials – concrete, steel, and aluminum – are responsible for 23% of total global emissions (most of this is used in the built environment). There is an incredible opportunity for embodied carbon reduction in these high-impact materials through the design and selection of innovative new alternative materials.

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