Latin America. In a global scenario that seeks to mitigate the effects of climate change, sustainability has ceased to be a mere trend and has become an inescapable imperative. Business leaders are embracing carbon emission reduction as a competitive advantage and a commitment to market responsibility.
Within the real estate sector, pressure to act on behalf of the environment continues to mount. In fact, 37% of global energy-related CO₂ emissions come from commercial buildings. Fortunately, an encouraging 58.3% of owners and managers consider it crucial to achieve carbon neutrality. These figures reflect concrete plans in place.
Smart construction, which once seemed like it belonged to futuristic scenarios, is becoming a tangible reality. Current strategies that improve the livability of spaces are playing a key role in the transition to modern, sustainable buildings.
According to Neove Pipper, general manager of Honeywell Building Technologies for Latin America, "creating a technological environment that makes buildings smarter, safer, more sustainable and more productive is not just a dream, it is a conviction that drives our work."
Affordability is the top hurdle for 88% of industry executives, according to a survey conducted by Honeywell and Reuters. Although solutions to reduce carbon emissions may require significant investment, spreading this expense over several years as an operating expense, rather than an upfront investment, can be an effective strategy for owners.
In addition, landlords are sharing carbon and energy reduction costs with tenants through green leasing practices. These agreements allow for collaboration on efficiency and sustainability practices, offering incentives such as cost recovery and minimum efficiency standards.
Prioritizing energy reduction can also result in carbon tax savings, as changes to infrastructure and the implementation of advanced building control technologies can help reduce emissions and their fiscal impact.
Honeywell, for its part, has developed a suite of solutions that support sustainability efforts in the real estate sector. Honeywell Forge technology, in particular, helps optimize indoor air quality and reduce the environmental impact of buildings, thereby contributing to carbon reduction goals.