Billions of dollars of industrial buildings face becoming ‘stranded assets’ warns a new report by the Australian and New Zealand Green Building Councils today.
Green Star in focus: The case for sustainable industrial buildings warns of the increasing risk of significant industrial assets becoming stranded if they can’t show that they are low or zero carbon.
The report finds that new Green Star certified industrial buildings produce 66% fewer greenhouse gas emissions than standard buildings and shows that a minimal 2% upfront cost to support green design can result, on average, in lifecycle savings of 20% of total construction costs.
The report underscores that the technology, design, materials and expertise are available now to build more sustainable buildings which will meet investors’ growing demand for future-proofed investments that uphold environmental and social governance principles.