European Countries Lead in Global Green Building
- The Netherlands, France, Germany and the UK lead the way toward sustainability through certifications, CO2 reduction targets and market-led initiatives
- 25 countries across Asia Pacific, Europe, the Middle East and the Americas evaluated for sustainable policies, schemes, trends and practices
Our research reveals that European countries are leading the way in green building. The second edition of the Firm's Global Sustainable Buildings Index ranks 25 selected jurisdictions, plotting each country's greenness in specific categories, while comparing the implementation and enforcement of green regulations, the availability of incentives and opportunities for sustainable projects, and the types of green lease clauses prevalent in the jurisdiction.
Countries with the highest rating (France, Germany, the Netherlands and the UK) are consistently among the first adopters of EU directives on sustainability into national law. Given the influence of European policy, the Index highlights that the European jurisdictions continue to rank highly as a result of their locations among some of the most forward-thinking real estate companies and industry focus groups.
"The EU's progression in developing policies and frameworks for building environmental performance indicators, along with legally binding legislation, is driving sustainable building within Europe," said Dominique Lechien, Global Lead of Baker & McKenzie's Global Sustainability and Green Buildings Initiative.
Expanding on last year's edition, 2016's Index includes additional jurisdictions, such as Belgium, Chile, Colombia, Malaysia, Poland, Russia, Sweden, Taiwan and Ukraine, and enables readers to track trends and significant progresses from made since 2015.
*Source: Baker & McKenzie
The index is based on qualitative analysis of the relative performance of the respective jurisdictions in:
- Green certification
- Energy performance certificates and minimum energy standards
- Incentives for green retrofit
- CO2 and energy targets
- Renewable energy
- Green leases
Countries are rated against each surveyed topic. Those demonstrating the greatest advancement of the sustainability agenda are the darkest shade of green. Those having started to create a framework for sustainability are light green. If a jurisdiction has not yet started to implement policies or laws regarding a topic, this is shaded brown.
"Sustainability is the paradigm of our times. For a sustainable future, this means identifying and investing in innovation and technologies that can deliver more for less. It means good, responsible leadership capable of delivering a stable and consistent regulatory and business environment in which corporates know that their sustainability-driven investments will not be undermined," added Mr. Lechien.
The launch of the Index comes during a momentous time for the sustainable real estate sector, with changes of global government and the historic agreements on climate change concluded at Paris COP21.
"Buildings account for around one-third of global CO2 emissions - never has there been a better time for us to review the current state of play in the progress and implementation of emissions targets, certification, incentives and green regulation around the world."
To obtain Baker & McKenzie's Global Sustainable Buildings Index, please email GRE@bakermckenzie.com.
Alternatively, visit www.globalrepublications.bakermckenzie.com/sustainabilityindex to access the full electronic version with the Appendix of survey results.