JLL says it is on-track to achieve its 2020 sustainability targets and has established a new, multi-year program set in line with its commitment to shape the future of real estate for a better world.
The firm’s sustainability strategy, Building a Better Tomorrow, is said to focus on embedding sustainability across the four pillars of the program: clients, people, workplaces and communities.
According to a statement, the multi-year plan advances JLL’s commitment to clients, employees and communities by focusing on cutting carbon emissions across its workspaces and operations by 70%, through the delivery of its validated science-based target.
The target is said to be aligned with the 1.5C trajectory set forth by the Intergovernmental Panel on Climate Change (IPCC) and Paris Climate Agreement, the most stringent recommended reduction pathway. JLL says the work is complemented by its scope three emissions reduction target, which focuses on partnering with clients to realise their own energy and sustainability goals.
“A comprehensive and proactive approach to achieving sustainability is more important than ever to address the impacts of COVID-19 and other major challenges we see in the world today. Our Global Sustainability report shows JLL making good progress, and we will continue to strive for ambitious goals and targets to drive that progress further and faster. Whatever the economic climate, our purpose is clear. We will continue in shaping the future of real estate for a better world,” said JLL CEO Christian Ulbrich.
The firm says it is implementing the recommendations of the task force on Climate-related Financial Disclosures (TCFD) to identify and assess climate-related risks and opportunities to support the shift to a low-carbon economy, while continuing to provide greater transparency for the investor community.
Chief global sustainability officer, Richard Batten, said JLL is now in a strong position to build back better. He explained, “This report is our roadmap; to guide our commitment to being a responsible business and to help us achieve resilience across all areas of sustainability; resilience we will need to meet the environmental, social and governance challenges that lie ahead of us all.”