At the Property Council's Hunter lunch last week, I spoke about the broad range of advocacy priorities we are focused on to help bring about better outcomes for the industry and the Hunter community.
One of these is sustainable development and the need to recognise the changing environment we live and work in. This topic featured across the event and our speakers shared insights into the industry's response to meeting global climate change targets.
The Property Council is a leader in making the case for sustainable development that helps attract capital and it's increasingly evident that investors are aligning with organisations that are delivering sustainable practices.
The Property Council has built strong partnerships with organisations including the Green Building Council of Australia (GBCA), the Australian Sustainable Built Environment Council (ASBEC) and Global Real Estate Sustainability Benchmark (GRESB).
As part of ASBEC, the Property Council has called for measures to improve energy efficiency and provide incentives for distributed energy within the built environment. In order to achieve this, we are strongly behind five key policies:
- An ambitious national plan towards net zero emissions buildings by 2050 with staged targets for emissions and energy
- Reforms to our energy market to support and incentivise the broader uptake of cost-effective energy efficiency and distributed energy such as rooftop solar
- Strengthened and harmonised white certificate schemes across Australia with a trajectory towards a single national scheme, enabling building owners to trade their demonstrated reductions in energy consumption
- Targeted incentives for buildings that invest in energy efficiency and clean energy
- Modernisation of the National Construction Code with higher energy efficiency standards and a trajectory for future increases
The property industry is playing an important and positive role in environmental and social sustainability. Leaders in our industry and the region are delivering great examples of this in the built environment where sustainable features are integrated into the design and construction of new buildings.