Only ten years ago, knowing about sustainability meant that you might have accidentally read a piece of avant-garde research, speculating about harmful changes in our climate. In the blink of an eye, sustainability has gained wider momentum, and today has established itself as a global goal for our future and that of our planet.
However, years have passed but we still have a long way to go: threats to our environment and humankind haven’t disappeared as quickly as we’d hoped, and industrial production has largely been favouring short-term interests over environmentally-sound long-term benefits. Hence, the war against negative environmental impact is still on. What better battlefield than cities today?
Cities are expected to be home to over 70% of the world’s population by 2050. In Europe, urban areas account for 75% of the population already. It is anticipated that US350 trillion are to be spent on urban infrastructure over the next 30 years. How can we use those monetary resources effectively and sustainably?
Real Estate is a sector with one of the most comprehensive sets of tools and practical standards aiming to improve sustainability and resilience in cities. And thankfully so, as buildings account for almost 40% of carbon dioxide emissions globally, and in bigger cities up to 80%. Ensuring that buildings are sustainable means finding ways to use resources efficiently, without compromising their overall purpose. Buildings should be designed with the best solutions and ideas at stake and should be a grounding element of future-proofed cities.
Great theory, great lesson, but what has been done so far?
Practical learning n 1: Business for sustainability, or sustainability for business?
A lot of initiatives and developments have taken place in the real estate sector to advance sustainability holistically. More and more, environmental standards and certifications such as BREEAM, LEED and many more have set out criteria to measure buildings’ sustainability and determine which actions can contribute to better results. Along this line, the GRESB sustainability survey has become a turning point for real estate investors’ business-wide future decisions. The speculative market environment can therefore easily be influenced by what investors believe to be future risks. This means that sustainable cities and structures are at the core of the international agenda, and they have the power to steadily shape what is next.
Practical learning n 2: All that glitters today is not gold tomorrow
Industries such as Real Estate, which deal with infrastructures that need sustainable (re)development, have started rewriting their founding lessons, with an eye for long-lasting value, rather than short-term benefit. Why is business, often the enemy to our environment, suddenly turning towards more sustainable solutions?
Industries such as Real Estate, which deal with infrastructures that need sustainable (re)development, have started rewriting their founding lessons, with an eye for long-lasting value, rather than short-term benefit.
Sustainable cities mean resilience, hence resistance to future risks and challenges. This means better stability and reward for the years to come as well as a greater understanding of how to peacefully live within our environment, rather than harming it or feeling threatened by it. More in cities than anywhere else, where consumption patterns are the direct cause of environmental degradation, there is a need for enduring value, which can only go hand in hand with an increasing respect and understanding of how to treat our urban surroundings. What glitters today is not going to be the gold of tomorrow, if it cannot last until tomorrow!
Practical learning n 3: The happier, the better
Cities are a hub of production, which means innovation, creativity, financial reward, increasing services and ambitious professional, social and cultural opportunities. As a result, however, cities can also be stressful environments, filled with people, vehicles, infrastructure, but with little space and resources to support them. This does not only affect the resilience of businesses and infrastructures, but also of the people contributing to them, who increasingly suffer from psychological distress, anxiety and hence lower productivity. Sustainable cities and their infrastructures can only achieve enduring value if they become healthier environments for their people.
The Real Estate sector has recently made advancements in establishing health and wellbeing as a part of the sustainability agenda. Not only do sustainable buildings mean good management of resources, which inevitably meet future human needs, but research has shown that proximity to more natural elements within our urban spaces is fundamental to advancing our well-being, and as a result our productivity. Standards such as the WELL, RESET and Fitwel have taken health and wellbeing as their main focus to aspire to resilient and thriving communities within urban spaces. Similarly, GRESB recently introduced a health and well-being module in their annual survey and it will likely gain wider coverage in future years. It seems that if you feel great within your environment, you will be happier, healthier and will reach your full potential. Isn’t this what we are all looking for?
If you agree, then you have reason to believe that because our current cities are the major obstacle to improving sustainability and finding enduring value, they are also the inherent solution.
This blog post was originally written for and published on GRESB Insights.
 Neij, L., Bulkeley, H. & McCormick, K. (2015) Cities and climate change: The great decarbonisation challenge, Climate in Focus, 1-4.
 WWF (2012) Reinventing the City: Three Prerequisites for Greening Urban Infrastructures, p. 6
 WF (2012) Urban Solutions for a Living Planet. P.10
 WF (2012) Urban Solutions for a Living Planet. P.9
 Ryan, C., Gaziulusoy, I., McCormick, K & Trudgeon, M. (to be published) Virtual City Experimentation: A Critical Role for Design Visioning. In: Evans, J., Karvonen A. & Raven, R (eds) The Experimental City. London: Routledge.