Bureau Veritas’s white paper, entitled “Buildings & Climate: Decarbonization and Resilience” is available for download.
In March 2024, representatives of 70 countries gathered in Paris to sign the “Chaillot” Declaration (named after the stately building where the signature took place). The aim was to spur fresh progress toward the decarbonization and climate resilience of buildings, promoting a fast, fair and efficient transition. The global declaration calls for action in the fields of urban planning, construction, and retrofitting. It invites all stakeholders to cooperate, exchange best practices and share data.
Buildings have a huge impact on the environment. Multiple sources charge the building sector with accounting for over one third of global energy demand and related CO2 emissions. Moreover, demand for construction materials is expected to balloon as urbanization reaches new heights – more than half the global population already lives in urban areas and the figure is rising. Construction, demolition, and renovation projects generate billions of tons of waste annually, a significant proportion of which ends up in landfill.
Climate change has an important impact on buildings. Buildings are exposed to climate related hazards (heatwaves, rising sea level, stronger winds, heavy rains, etc.) to a greater extent than any other asset class. And these hazards are set to become more intense as a result of climate change. A building’s sustainability therefore increasingly affects its regulatory compliance, financing, cost of construction and operations, value and insurance premiums.
At Bureau Veritas,
we believe that mutual trust within the industry will be a key ingredient in successful climate change transition and adaptation. This paper presents what we have learned with our clients, our vision of the way forward and the role we intend to play within the industry.