As the urgency around the climate emergency increases, more and more organizations are setting net-zero emissions targets. But without a common science-based definition of what constitutes a net-zero target, companies and their stakeholders can’t be sure that their long-term climate targets are credible or ambitious enough.
The Science Based Targets initiative has launched the first-ever science-based Net-Zero Standard. Combating the current inconsistencies that surround net-zero targets, it is a ground-breaking standard to ensure companies decarbonize at the pace and scale to align with the goals of the Paris Agreement and keep 1.5°C in reach.
JLL, a leading professional services firm that specializes in real estate and investment management is among a handful of global companies across all sectors with a net-zero strategy to be certified to this new global Net-Zero Standard. Going beyond the criteria of the Standard, JLL commits to reach net-zero greenhouse gas emissions across the value chain by 2040.
By committing to cut 95% of our carbon footprint by 2040, we are going beyond the requirement of climate science, which demands a 90% reduction by 2050. We accept that there will be some residual emissions in 2040. These are allowed for in our 5% offset calculations
Most importantly, for us to achieve net-zero by 2040, all our clients need to be on a decarbonization journey. Specifically, 96% of our footprint is made up from the properties we manage on behalf of our clients. It is therefore essential that we collaborate with our clients on securing accurate data and motivate them to implement their own mitigation pathways.
For more information, visit the links below:
Contact: Meg Salzetta | meg.salzetta@jll.com | (312) 543-9686
