释放共享价值：商业地产改造如何降低成本、缓解风险并创造长期价值

→How retrofitting commercial realestate lowers costs, mitigates risk, Contents 05. coordinated valuecapture in retrofittingcommercial real estate23 Executive summary 01.Real estate portfoliosas a practical 06.From barriers to action:case studies onretrofit drivers26Finding common businessdenominators27 decarbonization lever 02. 07. The challenge oftransforming supply &demand at scale in the Five strategic actions todecarbonize commercialreal estate portfolios51Technologies exist to built environment 03. Activating the builtenvironment value chainthrough ERA Appendix 04. The unmet demand forlow-carbon spaceThe main barriers toretrofitting commercial Foreword The transition to a net-zero economy will bedefined by implementation. Across industries, manycompanies have made ambitious commitmentsand invested significant effort in setting targets,improving disclosure and building transition plans. The deadline to decarbonize real estate isapproaching fast. Amid volatile energy costs,companies can no longer afford inefficient realestate. Add tightening building performancestandards and the business case for action isstronger than ever. Technology is streamlining That is why the World Business Council forSustainable Development launchedEmissionsReduction Accelerator (ERA): to help companies To every CEO, CFO and board member: Stoptreating real estate as a back-office concern.Your buildings are strategic assets with directimpact on business optimization.The rightdecarbonization and energy strategies can deliver The built environment is one of those priorityareas.Responsible for close to 37% of globalemissions, the building and construction value chainrepresents one of the greatest opportunities for To commercial real estate directors andsustainability leaders: Make the link to businessrisk mitigation. Buildings contributing to climatechange today will be most vulnerable to energyprice volatility tomorrow.Transform buildings This report reflects the ambition of ERA’s BuiltEnvironment Pilot, which builds on the momentumof theMarket Transformation Action Agendaand other efforts to accelerate decarbonizationacross the sector. It focuses on one of the most To asset owners, investors and developers:Understand new market dynamics.Premiumtenants demand low-carbon space - and will pay For any company that owns or leases buildings,from offices and data centers to manufacturingand logistics facilities, this is a strategicopportunity.Modernizing existing assets can cutemissions, lower costs, strengthen resilience, To solution providers: The market is ready if you candeliver scalability. Move beyond one-off projects. Offer performance guarantees, risk-sharing modelsand financing that recognize the costs avoided by Decarbonizing real estate isn’t a capability problem.It’s a momentum problem. Let’s change that. Dominic WaughrayExecutive Vice President,World Business Council for Guy GraingerGlobal Head of Sustainability,Jones Lang LaSalle (JLL) Executive summary As companies accelerate their transition tonet-zero emissions, they often overlook astrategic decarbonization lever: the real estateportfolios they own, lease or occupy. The scaleof this opportunity extends far beyond individualcorporate balance sheets. The building andconstruction value chain accounts for nearly 40%of total global emissions. This means that even →Tenant–landlord misalignment:Split incentives,short lease structures and limited collaboration →Implementation challenges:Technologyuncertainty, electrification constraints, data →Market risks:Regulatory uncertainty,evolving standards, physical climate risksand inconsistent data increase perceived At the same time, a fundamental market imbalancepersists: demand for low-carbon space is growingrapidly, particularly in prime locations in majorcities, while supply lags significantly. Across globalmarkets, leading occupiers will tie 75% of futureoffice space requirements and 65% of future Importantly, the technologies required todecarbonize these portfolios are not theoreticalor years away, they already exist and are provenat scale. Deploying established solutions, suchas building electrification systems, energy Aging building stock, rising energy demand,escalating energy cost pressures and tighteningregulations further reinforce the urgency of action.A lack ofcoordinated value captureis at the coreof these challenges. Making the business case formodernizing assets requires models that unlock Yet, despite these advantages, commercialreal estate retrofitting rates remain criticallylow. Research from JLL indicates that retrofitactivity must increase fivefold, to 13.2% ofexisting commercial buildings annually, to meet We have drawn on stakeholder feedback,workshops and structured analysis to fully Yet retrofitting commercial real estate isalready achievable and commercially viable.When incentives align and businesses shapepartnerships, design and leadership effectively,projects ca