A number of property companies are going beyond traditional corporate responsibility to be net positive. Instead of opting for sustainability strategies that manage risk and reduce negative impacts, these companies are seeking to put back more into society, the environment and the global economy than they take out. Whilst the breadth and scope of these net positive commitments made by real estate leaders vary, there is enormous opportunity for this sector with sustainability and in supporting SDG 7 and 13.
California-based Facebook is planning to build two data centres measuring 184,000 square metres in Denmark’s third largest city. This could push up total Danish power demand by a 10%, and accelerate investments in wind production. Increasing the production of wind power and other renewables contributes to the advancement of SDG target 7.2 to increase the share of renewable energy in the global energy mix.
On-site energy storage systems can be used in both domestic and commercial buildings to address the increasing demand on electricity. This would require energy to be purchased at off-peak times and stored for use during peak times. Despite a number of benefits to on-site energy storage systems, they are not yet an economically viable solution, although by 2021 costs are expected to fall significantly. Future-proofing buildings in the form of battery technology supports SDG 7 - affordable and clean energy.
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