Less Strategy, More Proof: What COP30 Meant For Real Estate

COP30, recently held in Belem, Brazil, was labelled by many as a disaster. Although attendees agreed to collective efforts to tackle climate change, the agreement didn’t include a framework for reducing fossil fuel production. However, though the outcome might not be as pivotal as some hoped, COP30 signalled a decisive shift for commercial real estate, said Katie Whipp, chief business officer at re:sustain. The sector can no longer rely on disclosures, ratings and commitments but needs to move towards analysing real performance, including energy efficiency and climate resilience. “The insights shared at COP30 show that the winners will be those who deliver...