CBRE Partners with Johnson Controls to Expand Comprehensive Energy Efficiency Program in Key International Markets
2 October 2024
As part of its drive to accelerate decarbonisation and improve energy efficiency, CBRE has partnered with Johnson Controls to expand access to turnkey efficiency upgrades and retrofit opportunities that do not require a capital outlay in markets in Continental Europe, the Middle East, Asia and the Pacific.
CBRE and Johnson Controls are simplifying the complexity of sustainability programs across clients’ commercial real estate assets by combining scoping, development, funding, execution and performance monitoring into one program.
Financing for sustainability and energy efficiency projects will be available from Johnson Controls for CBRE-led projects in countries in Continental Europe, the Middle East, Asia and the Pacific, augmenting and supporting existing CBRE capabilities.
On average, buildings generate nearly 40% of global carbon emissions and consume over 30% of all energy.1 And while average building energy intensity fell by 14%2 globally from 2010 to 2022, the aging of commercial properties will increase the need for scalable sustainability and efficiency programs. This is especially true when considering 80% of buildings that will be occupied in 20503 already exist, which means they will need upgrades and retrofits to meet future efficiency goals.
“Reducing carbon emissions across a real estate portfolio is an increasingly complex undertaking. Clients look to CBRE to simplify the challenges so they can reach their sustainability goals faster. This partnership eliminates the need for upfront capital that’s required to optimise building performance and drive cost savings,” said Robert Bernard, CBRE’s chief sustainability officer. “Working with Johnson Controls strengthens our ecosystem of partners and expands the programs we’re already driving for clients in North America and the United Kingdom, enabling local and global solutions.”
“One of the challenges in driving sustainability is overcoming the perception that sustainability means compromising other investments. This partnership will demonstrate that achieving business and net zero goals go hand in hand,” said Katie McGinty, Johnson Controls vice president and chief sustainability and external relations officer. “We are excited to work with CBRE to provide innovative financing solutions and help their customers start realising cost savings and sustainability benefits quickly.”
Learn more about CBRE’s sustainability solutions here.
1GRESB, March 2023: What is embodied carbon in the real estate sector and why does it matter?
2IEA, June 2023: Global floor area and buildings energy intensity in the Net Zero Scenario, 2010-2030
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