Sustainability

Sustainability is the key challenge for real estate in 2021. No longer an optional extra, but a key component in real estate developments and investments. With the built environment responsible for 39% of global carbon emissions, the industry realises it must transform to make it healthier and more sustainable to meet the UK’s 2050 net zero carbon target.

“The recovery from Covid-19 must be green” says the Government, with £12 billion committed to deliver the “green industrial revolution”.  But where government policies have been slow to evolve, behaviour is instead influencing change. Fuelled by demand, investors, developers and occupiers are increasingly focused on developing and managing their estates sustainably.  

With more industry players committing to ambitious net zero carbon targets, collection and monitoring of data will be fundamental to provide baselines against which future performance can be measured. Organisations looking to reduce their emissions will find many opportunities from improving their property usage – switching to green energy supplies, taking advantage of PropTech and smart building monitoring and retrofitting rather than rebuilding.  

Collaboration is key and everyone will benefit – employee health and wellbeing is in the spotlight and occupiers will not want to compromise here. A healthy building supports physical, physiological and social health and wellbeing and owners will find more sustainable properties attract a green premium. The financial risks of ignoring sustainability – with investors, occupiers and buyers looking elsewhere - are too costly to overlook. 

The response to the pandemic demonstrated an unprecedented ability to respond collectively to the risks posed by Covid-19. Climate change is an even greater existential risk and we must take advantage of this capacity for collective action, combined with the growing appetite for change to fuel the green recovery. We will only achieve our net zero targets by working together. 

Find out more about Sustainability, ESG and Real estate investment.

  • Laura Ludlow

    Principal Associate

    Laura Ludlow

    Principal Associate

    • +(44)(0)1223 222366
    • Contact Laura

      Contact Laura Ludlow

      * = required

       
       
         
       

      Mills & Reeve will use the information you provide in this form in accordance with our privacy policy. We may from time to time send you general updates by email or post that we think you will find of interest. This includes notification of upcoming event and updates or alerts containing relevant legal news. You can update your preferences at any time and will be able to easily unsubscribe from anything that you do not wish to receive.

      Thank you

      Thank you for your enquiry. We will be in touch shortly.

    • Cambridge
Mills & Reeve Sites navigation
A tabbed collection of Mills & Reeve sites.
Sites
My Mills & Reeve navigation
Subscribe to, or manage your My Mills & Reeve account.
My M&R

Visitors

Register for My M&R to stay up-to-date with legal news and events, create brochures and bookmark pages.

Existing clients

Log in to your client extranet for free matter information, know-how and documents.

Staff

Mills & Reeve system for employees.