The decarbonisation of the real estate sector is a challenge society must address to achieve a net-zero economy.
- Real estate accounts for 39% of global greenhouse gas emissions and beyond property owners and governments, lenders have a vital role to play in funding the carbon transition.
- Energy efficiency will drive retrofits and refurbishments to bring commercial property across Europe up to standard.
- Federated Hermes real estate pathway to net zero focuses on energy efficiency gains and energy usage reductions.
This report was revised and amended in January 2023