Real estate landlords in Australia have become more conscious about saving energy and reducing carbon emissions, which could be one reason why the country ranked on top of the Global Real Estate Sustainability Benchmark or GRESB rankings. Australia shared the top spot with New Zealand for the eighth year in a row. This indicates building owners’ efforts to become more sustainable such as choosing the right industrial flexible doors for energy efficiency.
The Australia-New Zealand region scored 76 on the benchmark for 2018. By comparison, it listed the global average as 68. The wide gap could be attributed to the performance of the countries’ built environment on an environmental, social, and governance scale.
GRESB based its rankings for this year on more than 900 real estate developers, fund managers, and other groups from 64 countries. A total of 73 industry members in Australia and New Zealand took part in the evaluation. The Green Building Council of Australia said that this should encourage more property owners to improve their sustainability, given that there is enough support for them to adopt environmentally friendly practices.
Net-zero emissions and solar energy comprise some of the sustainable efforts among Australian landlords. It is not just enough to have real estate in a strategic and prime location as buyers and tenants look for buildings that consume energy more wisely.
In response, some companies such as the GPT Wholesale Office Fund have launched ambitious plans to meet the growing demand for energy-efficient buildings. The company wants its 18 buildings in Brisbane, Melbourne and Sydney to emit zero carbon emissions by the end of 2020.
The rankings should only motivate property landlords to keep on finding new ways on how to improve the energy performance of their buildings. In some cases, it could be as simple as replacing your doors with an energy-efficient one.