The World Green Building Council’s Net Zero Carbon Building Commitment represents a statement of coordinated action from businesses, cities, states and regions to advance a decarbonised built environment.

38 founding signatories have committed to eliminating operational carbon emissions from their building portfolios by 2030, and advocating for all buildings to be NetZero by 2050. The Commitment requires all signatories to verify their achievements on an annual basis by an independent third-party system. The fulfilment of this Commitment will result in savings of 209 million tonnes of carbon emission equivalent by 2050.

By setting ‘absolute’ Net Zero targets, WorldGBC hopes to encourage ambitious emissions reduction actions from the built environment sector, with the goal of limiting global warming below 1.5 degrees.

Six Australian companies and councils have signed the commitment: AMP Capital Wholesale Office Fund, Frasers Property Australia, GPT Wholesale Office Fund, Stockland’s retirement living and logistics divisions, Cundall, and the City of Sydney. C40 Cities has also entered the Commitment, including Sydney which is a member city of the network.

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