A majority of renters aiming for 100% green property portfolios: survey

Around 43% of occupiers believe on-site renewable energy provision will become indispensable.

Eight in ten occupiers-- those who rent property-- in Singapore are targeting 100% green certified portfolios by 2030, according to a study conducted by global real estate firm, JLL.

The study revealed occupiers are turning towards sustainability technology for automation of environmental data tracking and reporting, as well as using AI for energy efficiency gains to meet intensified decarbonisation goals.

“To achieve decarbonisation goals, we are seeing more companies adopt strategies such as energy audits, sustainable fit-outs, and green leases.” Kamya Miglani, Head of ESG Research, Asia Pacific, JLL, said.

Around 43% of occupiers in Singapore believe on-site renewable energy provision will become indispensable due to decarbonisation goals by 2030, whereas 57% expect their energy needs to be met by renewables.

More than half (60%) cited investments required for office fit-out as one of their greatest sustainability challenges, as building fit-outs contribute to approximately one-third of emissions.