Man-made greenhouse gas (GHG) emissions have increased significantly since the Industrial Revolution. If this trend continues, global temperatures are expected to rise between 2 and 6 degrees Celsius by 2100. This change in temperature could unhinge the global climate and cost nearly $2 trillion annually in abatement efforts. In order to avoid the catastrophic impacts of climate change, we must slow down the release of GHG emissions and move towards a low-carbon economy.
While world governments have committed to this effort through the United Nations’ COP 21 Paris Climate Agreement, it is only part of the solution. It’s clear that the private sector will need to play a role in overcoming climate change challenges. As a thought leader in this area, JLL works with corporates to assist them in defining and reaching carbon-reduction and other Environmental, Social and Governance targets.
The private sector has experienced increasing pressure to act on climate change. Corporate reporting and disclosures of GHG emissions have made great strides. In addition, companies are setting emissions reduction targets in an effort to mitigate climate change. However, companies often set targets arbitrarily without considering what is realistic and achievable. If we hope to hit global reduction targets, … Read More