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MISSISSAUGA, Ontario — Schneider Electric, the leader in the digital transformation of energy management and automation, is supporting the World Economic Forum in the launch of the Net-Zero Carbon Cities Building Value Framework, an investment framework for the decarbonization of buildings.
Buildings generate approximately 40% of global greenhouse gas emissions. While many technologies exist to help decarbonize the sector, the biggest hurdles still relate to financing and investment, according to the World Green Building Council’s recent Beyond the Business Case report.
According to a study by the Task Force on Climate-Related Financial Disclosures to help stakeholders make more informed decisions about climate-related investments, new green buildings will represent a $24.7 trillion investment opportunity in only emerging markets by 2030, so tackling barriers to investment is essential. The goal of the value creation framework is to shift perceptions about the value of decarbonization investments from a purely financial approach to also consider the social, environmental and performance benefits of the system.
A community of over 40 experts ─ from real estate, finance, technology, and city government supported the creation of the framework, which can be used at any point in the construction life cycle for building retrofits existing ones, as well as for the construction of new buildings.
It is paired with an operational checklist, which acts as a practical application of the framework and identifies relevant technology investment options for all stages of the investment planning and decarbonization journey.
“Decarbonizing buildings is a key step towards achieving a net zero future, however today’s investment decisions often overlook this. The Building Value Framework was developed to highlight the broader benefits that result from integrating non-financial values into investment decisions, while also assessing how digital technologies can enable the transition to net zero. The framework is designed for practical use, to better equip decision-makers with the relevant know-how to make faster, more inclusive and more sustainable investments,” said Jean-Pascal Tricoire, CEO and President of Schneider Electric.
The framework is part of the Forum’s broader Net Zero Carbon Cities initiative, co-chaired by Jean-Pascal Tricoire, CEO of Schneider Electric and Francesco Starace, CEO and CEO of Enel Group, which aims to help national levels and municipal achieve their emissions reduction targets by aligning and scaling up their efforts to deliver solutions that will reduce or eliminate carbon emissions in buildings, energy and mobility.
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Learn more about Net Zero Carbon Cities and the Value Creation Framework.
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