En-Route to a Net-Zero Future: Development, Implementation and Analysis of ESG led Strategies
United Nations has described Climate change as literally a change in climate, a climate which is average weather and weather is just a hazard, therefore climate change by definition does not cause a disaster but influence certain hazards, there is no doubt about humans causing climate change which has increased the frequencies of uncertain weather events and needs to be included in decision-making processes while designing infrastructure and also preserving the existing infrastructures, this cognizance requires anticipation adaptation strategies in order to make the mitigating strategies effective. The 20th century has seen unusual changes in the rise in global temperature which is highest in the last millennium and is due to anthropogenic causes (IPCC, 2005). The Paris Agreement, the associated COP21 decisions and the results of the LimaParis Action Agenda are international climate policy landmarks and will set the climate policy and action agenda for years to come. The long-term aim of holding global temperature rise to well below 2°C and the pledge to attempt to hit 1.5°C, together with the long-term goals of achieving climate stability and moving trillions of dollars of investment towards resilient and low greenhouse gas emissions. Furthermore, the Sustainable Development Goals (SDGs) call for action for more sustainable economies and livelihoods, calling on key climate change-related industries such as food and water to act on climate change.
To shift to a net-zero economy, communities and economies would need to go major change. Governments, businesses, and enabling institutions may all work together to support many of these initiatives more effectively. It is widely acknowledged that the real estate sector will need to cut emissions by 50% by 2030 to reach net zero by 2050. Therefore, those in charge of new construction have a decision to make deliver new net zero carbon buildings right away or wait until laws and markets force them to do so. Crucial component of efforts is a huge global drive to enhance energy efficiency, which will lead to yearly rates of energy intensity increases reaching 4% by 2030 - about three times the same temperament in the last 20 years.
Net Zero Energy Building Goals
- Marketable Net Zero Energy Homes with the aid of using the year 2020
- Commercial net zero energy building with low additional cost by 2025
According to the IPCC, to achieve at least 50% of the possibility of limiting global warming by 1.5 ° C above pre-industrial levels, by 2030, cut carbon emissions across the world economy by almost half, 2050. We need to reach world net zero emissions by the year.
ESG Trends to Watch for 2022
Climate is eclipsing governance and social issues at the top of the ESG agenda, reflecting both the existential threat of global temperature rise and the race against time to rein it in. In 2022, corporate boards and government leaders will face rising pressure to demonstrate that they are adequately equipped to understand and oversee ESG issues — from climate change to human rights to social unrest.
Trends to act in 2022. Here is what we predicted:
- The race to net-zero
- ESG framework and reporting
- Data and technology to the service of sustainability