In the pursuit of a sustainable future, the real estate industry is a crucial player in helping the world achieve the United Nations’ Sustainable Development Goals by 2030.
With the sector’s massive influence on infrastructure, energy use, and community wellbeing, its role in driving sustainable development cannot be overstated.
WHAT ARE THE SUSTAINABLE DEVELOPMENT GOALS?
The Sustainable Development Goals (SDGs) were first adopted by the United Nations in 2015. The 17 goals serve as a global blueprint for building a better world by 2030. Each goal addresses a critical issue, from eliminating poverty and reducing inequality to protecting the environment and improving the quality of life for all.
WHAT PROGRESS HAS BEEN MADE TOWARDS ACHIEVING THE SDGS?
We’re only a couple of years away from the 2030 deadline, so how close are we to achieving the Sustainable Development Goals?
Unfortunately, progress has been uneven. A combination of factors including the climate crisis, economic instability, global conflict, and the COVID-19 pandemic has slowed momentum.
The 2023 progress report offered a sobering reminder that without intensified efforts across all sectors, including the real estate sector, we risk falling short. However, the United Nations emphasizes that there is still time to turn things around.
With access to advanced technology, data, and increased global collaboration, there’s still a window of opportunity to scale sustainable practices and drive meaningful development.
THE VITAL RELATIONSHIP BETWEEN REAL ESTATE AND THE SDGS
The relationship between the SDGs and the real estate industry is deeply interconnected.
The real estate sector has significant potential to support multiple Sustainable Development Goals, with SDG real estate initiatives focusing on energy use, construction, urban planning, and community development.
In turn, achieving the SDGs would support the growth of the industry by fostering sustainable cities, improving infrastructure, and encouraging long-term investments.
OPPORTUNITIES FOR REAL ESTATE TO SUPPORT THE SDGS
As stated by GRESB: “Given that the real estate industry accounts for half of global wealth, 40% of the world’s consumption of primary energy and a third of all anthropogenic CO2 emissions, there is no mistaking that the industry can contribute to achieving certain Global Goals”.
Here are just a few ways the real estate industry can support the SDGs:
SDG #3: Good health and wellbeing
Through thoughtful design and development, buildings can positively influence the health and well-being of their occupants. Access to natural light, clean indoor air, and green spaces enhances overall quality of life and builds healthier communities.
SDG #7: Affordable and clean energy
Incorporating renewable energy sources like solar panels, wind turbines, and geothermal systems allows developers to reduce their carbon footprint while lowering long-term operational costs.
SDG #11: Sustainable cities and communities
The real estate sector plays a pivotal role in shaping sustainable cities. Prioritizing green buildings, resilient infrastructure, affordable housing, and inclusive design can contribute significantly to long-term urban sustainability.
SDG #12: Responsible consumption and production
Sustainable practices in construction, such as using recycled materials and managing energy and water use efficiently, not only reduce environmental impact but also promote responsible consumption across the industry.
SDG #13: Climate action
Real estate has a considerable carbon footprint through construction, energy consumption, and building materials. Implementing green building standards, using eco-friendly materials, and promoting energy efficiency in buildings can contribute to mitigating climate change.
SDG #17: Partnerships for the goals
Achieving global targets requires collaboration. The real estate industry can drive impact by forming partnerships with governments, NGOs, and communities. Embracing digital innovation and data-driven solutions enhances these efforts and increases accountability.
HOW ALVÉOLE’S NATURE-BASED SOLUTIONS SUPPORT THE SDGS
At Alvéole, our mission is to create a greener world where humans and pollinators thrive together. Our commitment aligns directly with several Sustainable Development Goals.
We are particularly focused on SDG #12: Responsible consumption and production and SDG #15: Life on land. Both goals align with our vision for sustainable development in the real estate industry.
Goal #12 emphasizes awareness and education around sustainable practices. We contribute through hands-on educational experiences and workshops that inspire people to make informed choices in harmony with nature.
Goal #15 focuses on protecting biodiversity and restoring natural ecosystems. Our clients invest in biodiversity by supporting pollinator habitats and taking part in research initiatives that monitor urban wildlife and environmental health.
By adopting nature-based solutions, our partners are not only enriching their communities but also contributing to a more resilient, sustainable future.
The path toward achieving the Sustainable Development Goals requires bold action and shared responsibility. For the real estate industry, this means reducing environmental impacts, supporting social equity, and driving economic innovation with sustainability at the core.
With the right strategies in place, the industry has the power to shape vibrant, inclusive, and resilient communities, now and for generations to come.
