{"id":1004577737,"date":"2022-04-25T04:29:43","date_gmt":"2022-04-25T12:29:43","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004577737"},"modified":"2022-12-08T19:20:24","modified_gmt":"2022-12-09T03:20:24","slug":"sustainability-takes-center-stage-at-uli-conference","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/sustainability-takes-center-stage-at-uli-conference\/","title":{"rendered":"Sustainability Takes Center Stage at ULI Conference"},"content":{"rendered":"

Industry leaders are championing the growth of sustainable cities and the goal of a net zero built environment but as leading firms continue to make strides, more progress is needed yet. During the recent ULI<\/strong> Spring Meeting, industry experts shared their experiences, best practices and goals for more sustainable buildings and cities.<\/p>\n

ULI is targeting net zero carbon operations by 2050, with meaningful advancement toward decarbonization by 2030. The plan was discussed during a panel titled \u201cFuture-Proofing Asset Value: The Pathway to Net Zero,\u201d with Eric Duchon, Susan Uthayakumar, Alaina Ladner and Myrrh Caplan, who represent some of the biggest firms that are making progress toward achieving net zero goals.<\/p>\n

ESG and Beyond<\/h2>\n

\u201cWhat\u2019s the standard for a building today will not be the standard going forward,\u201d said Uthayakumar, Chief Energy and Sustainability Officer at Prologis<\/strong>.<\/p>\n

\"\"

(L to R) Alaina Ladner, JLL; Eric Duchon, Blackstone Real Estate; Susan Uthayakumar, Prologis; and Myrrh Caplan, Skanska<\/p><\/div>\n

In April 2021, JLL<\/strong> surveyed 1,000 executive leaders, investors and corporate occupiers on the value of sustainability. Seventy-nine percent of occupiers expect to add carbon emissions reduction to their sustainability strategy by 2025, while 83 percent of occupiers and 78 percent of investors believe climate risk is financial risk. Another 42 percent of occupiers believe their employees will require healthy spaces even more.<\/p>\n

Data from a meta-analysis on sustainability by JLL\u2019s research team shows that green certifications result in a rent premium of 6 percent and a sales premium of 7.6 percent. Ladner, Vice President & Energy and Sustainability Practice Lead at JLL, described the firm\u2019s focus on evolution in its sustainability efforts. Commitments include the shift from value creation to value creation and value preservation; optimal human performance in addition to optimal building performance; and shifting from an operational application to an emphasis on the whole life cycle.<\/p>\n

\u201cWe\u2019re used to counting on energy as if it will always be there,” Uthayakumar said.<\/p>\n

When it comes to reducing carbon emissions, industrial giant Prologis has been actively furthering its goals. The company is focusing on off-setting existing carbon emissions not just during the construction phase but throughout the life cycle of a building. Uthayakumar said Prologis is also working on electrifying its fleet and building infrastructure that can support electric vehicle charging, as part of its net zero goals.<\/p>\n

Addressing Constraints<\/h2>\n

For construction teams, adapting older, historic properties to support net zero goals presents a unique set of challenges. These kinds of buildings often have restrictions on modifications due to preservation laws. In many cases, demolishing certain parts of a building\u2019s interior structure or modifying the exterior is prohibited.<\/p>\n

\"\"

(L to R) Heidi Creighton, Skanska; Leigh Christy, Perkins+Will; and Deborah Weintraub, the City of Los Angeles.<\/p><\/div>\n

Skanska<\/strong> National Senior Sustainability Director Myrrh Caplan outlined ways to mitigate the emissions in such properties, including adding materials to surfaces and other areas to improve the efficiency of systems, adding a vestibule to the building\u2019s entry, adding a green wall to manage humidity, and purchasing carbon offsets.<\/p>\n

On the broader challenge of aligning objectives when development and construction teams have different goals around net zero and sustainability targets, Leigh Christy, principal at Perkins+Will<\/strong>, said her team is guided by the client\u2019s comfort level, even if they aren\u2019t aspiring to net zero operations. Christy, who spoke during a panel on how developers can help cities’ achieve their sustainability goals, said her team provides clients with a baseline of their emissions to give them the data, so they can use it in the future if they choose to. Her team also embeds the ability for a client to modify their decision if they change their mind later in the process.<\/p>\n

The Value of Outreach and Engagement<\/h2>\n

To push more sustainable policies forward, panelists urged involving all stakeholders in development discussions. Eric Duchon, Managing Director & Global Head of ESG at Blackstone<\/strong>, also recommends bringing utility providers into these meetings, to create \u201can ecosystem of decarbonization, ensuring that we\u2019re all equal partners at the table.\u201d<\/p>\n

Policy can also be challenging, because \u201ca lot of times, we\u2019re proposing innovative systems that haven\u2019t been tested before,\u201d said Creighton, vice president of sustainability at Skanska. Public engagement and getting feedback from the people who use the space are important steps when making sustainable improvements, she added.<\/p>\n

Private and public leaders need to demonstrate their commitment to action too, said Deborah Weintraub, Chief Deputy City Engineer for the City of Los Angeles\u2019 Bureau of Engineering. Weintraub\u2019s department regularly pilots new innovations and sustainability products\u2014such as concrete that sequesters carbon\u2014to demonstrate the usability and efficiency to private sector firms.<\/p>\n

\u201cSustainability should be the easiest thing, not the hardest thing,” Creighton said. “Creating resilient, affordable, healthy communities should be the easy path for everybody, but that\u2019s not the case.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Industry leaders got in-depth on environmental goals at the organization’s annual Spring meeting.<\/p>\n","protected":false},"author":742,"featured_media":1004577752,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,22251,23891,21742,21786],"tags":[32796,34606,32956,32886,45227],"class_list":["post-1004577737","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-in-focus","category-national","category-latest","category-sustainability","tag-jll","tag-perkins-will-architects","tag-prologis","tag-skanska","tag-uli"],"acf":[],"yoast_head":"\nSustainability Takes Center Stage at ULI Conference - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Industry leaders from Blackstone, Skanska and JLL discussed sustainability goals and challenges during ULI's annual Spring Meeting.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/sustainability-takes-center-stage-at-uli-conference\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sustainability Takes Center Stage at ULI Conference\" \/>\n<meta property=\"og:description\" content=\"Industry leaders from Blackstone, Skanska and JLL discussed sustainability goals and challenges during ULI's annual Spring Meeting.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/sustainability-takes-center-stage-at-uli-conference\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-25T12:29:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T03:20:24+00:00\" \/>\n<meta name=\"author\" content=\"Denile Doyle\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/04\/ricardo-gomez-angel-WsEAiVwGrwo-unsplash-e1650675795826.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/sustainability-takes-center-stage-at-uli-conference\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/sustainability-takes-center-stage-at-uli-conference\/\",\"name\":\"Sustainability Takes Center Stage at ULI Conference - 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