Net Zero Carbon Building Commitment signatories are taking accelerated action to decarbonise their portfolios and the built environment. Read the latest news and updates on actions they are taking, projects, reports, research and more.
Read FORE Partnership and Willmott Dixon’s Commitment Profiles.
Real estate investment firm FORE Partnership has awarded Willmott Dixon a £50m construction contract to transform an out-of-date 1990s office building next to Tower Bridge into one of the UK’s most sustainable and healthy offices.
TBC.London will be 100% electric and net zero carbon in operation, with no fossil fuels used in running the property. Reflecting FORE’s commitment to retrofit first rather than rebuild, the existing five-storey building will be stripped back and renewed through a deep refurbishment, preserving the embodied carbon in the frame.
Read more here:
1. FORE Awards £50 m Construction Contract to Willmott Dixon
2. TBC.London: A new Thames-side landmark
3. FORE Partnership: Tower Bridge Court
Read Charter Hall Group’s Commitment Profile
Charter Hall Group has signed a significant Power Purchase Agreement (PPA) with global renewable energy giant ENGIE Australia & New Zealand, to supply 100 per cent electricity from renewable sources across the Group’s property portfolios, over seven years.
The PPA provides for the procurement of 151GWh of renewable energy per annum from state-based wind and solar renewable energy projects to 152 Charter Hall sites. This is the equivalent of powering about 26,000 average homes with renewable electricity, each year.
Read ICD Brookfield Place and AESG’s Commitment Profiles
ICD Brookfield Place and AESG are NZCB Commitment signatories working together to advance sustainable practices including reducing energy demand, implementing additional energy efficiency measures, and reducing scope 3 carbon emissions in ICD Brookfield Place.
As the largest office building to achieve LEED Platinum certification in EMEA region (2020), ICD Brookfield Place’s design provides an excellent baseline for monitoring, controlling, and reducing carbon emissions.
Read Majid Al Futtaim’s Commitment Profile here
Key achievements across the year include securing a $1.5 billion Sustainability-Linked Loan (SLL), a first in the region, dependent on measurable improvements on specific yearly targets that seek to positively impact people and the planet. As part of the SLL, Majid Al Futtaim will work to ensure its entire shopping mall portfolio is certified by 2026, with non-certified malls achieving a minimum of LEED Gold or equivalent.
Sustainable buildings remain a focal point in the company’s ambitions. The report notes it holds the world’s first LEED Platinum certification for its hotel portfolio, and the Mall of Oman is its first superregional mall to be LEED Platinum certified. Total assets with a LEED, BREEAM or equivalent certification in 2021 are 45 (up from 35 in 2020), while total assets in the process of being certified in 2021 are 20 (up from 12 in 2020).
Majid Al Futtaim also notably advanced its renewable energy progress during 2021, with its shopping malls, communities and retail assets growing their renewable energy generation to 21.4 million kWh compared to 17 million kWh in 2020, an increase of 26%. Furthermore, a new solar park in Jordan became operational last year, comprising more than 49,000 solar panels and providing 100% of the energy use of 35 Carrefour stores across the country with renewable supply. A second agreement was also signed, which will provide the largest private solar plant in the Kingdom of Bahrain once developed, spanning over 40,000 m² and generating 50% of the shopping mall’s energy consumption needs.
Read more here:
1. MAF: ESG Report 2021
Read AECOM UK’s Commitment Profile
Global parent entity of regional signatory, AECOM UK, has launched a net zero training programme for key clients to support the built environment sector’s transition to net zero emissions. The programme has been driven by the firm’s Net Zero Carbon Steering Group and comes as AECOM launches the next phase of its Sustainable Legacies strategy. A clear step in advocating towards the advancement of net zero in the industry.
AECOM’s sustainability experts have designed the programme for clients to use across their business to increase understanding and debunk myths around the subjects of net zero carbon, sustainability, and environmental, social and governance (ESG).
Read Technopolis’s Commitment Profile
Technopolis, which operates the largest office campus in Lithuania, will significantly expand the use of solar energy for buildings from March 2023, when solar power plants installed on its own roofs will be supplemented by energy supplied by a remote farm. The company has signed a long-term contract with the renewable energy company Green Genius, which will supply Technopolis with 3.4 MW, or 90% of the total energy produced by the solar power plant currently under construction in the Šeduva district.
Read Nexii Building Solutions’s Commitment Profile
Green construction company Nexii Building Solutions today announced an additional C$45 million (US$35M) fundraise led by Horizon Technology Finance Corporation (NASDAQ: HRZN) and Trinity Capital Inc. (NASDAQ: TRIN). The funds will help accelerate Nexii’s continued growth and manufacturing capacity in order to meet the surging demand for sustainable construction solutions. This round of funding raises Nexii’s current valuation to C$2.05 billion (last year, Nexii became the fastest Canadian company to ever reach unicorn status).
Nexii Building Solutions Inc. (Nexii) is pleased to announce that it has entered a non-binding letter of intent (LOI) to purchase Solar Earth Technologies Ltd. (Solar Earth), a manufacturer of hardened solar power panels that transform sidewalks, parking lots and other elements of everyday infrastructure into a new source of solar energy.
Nexii believes that the proposed acquisition of Solar Earth by Nexii (the “Proposed Acquisition”) if completed, would accelerate the integration of solar technology in Nexii’s low carbon buildings and products, supporting Nexii’s 2025 target of net zero operational carbon buildings.
Nexii is also a signatory of The Climate Pledge.
Read more here:
1. Nexii announces non-binding LOI to acquire Solar Earth, supporting Nexii’s net zero buildings target