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Experts seek sustainable environment

Posted on 09/06/2022 10:55 AM | by NaijaHouses

Experts seek sustainable environment

No fewer than 60 delegates from across Africa, Europe and United Arab Emirates gathered in Lagos for the 10th Unite Summit of real estate operators, which had as its theme “Towards a sustainable culture.”

It was held at the Eko Hotel and Suites, Victoria Island, Lagos.

The experts said the event was historic as it marked the return of the most-influential real estate event in Africa since the COVID-19 pandemic.

The Chairman, Unite Environment Sustainable Goals (ESG) Community, Jumoke Akinwunmi, gave an overview of the industry in the last 10 years and the role they have played to fill the gaps.

On how the African real estate practitioners could embrace a more sustainable culture, the keynote speaker, Prof. Obas John Ebohon, said how and where we build could have a great impact on health.

“A 36 per cent reduction in CO2 emission by 2030 is expected of the real estate sector to remain under the 2oC target, benchmarking with the Paris agreement target. The ultimate goal is carbon neutrality by 2050,” the professor of Sustainability and Environmental Law, London South Bank University, said.

The estimated $768 billion investment potential in green buildings between 2018 and 2030 in emerging market cities is due to the sharp increase in building construction expected over the next few decades .This is in addition to the opportunity to ensure these are built green, said Dennis Papa Odenyi Quansah, Green Building Lead, International Finance Corporation (IFC) Nigeria Ghana & Kenya representative.

On the introduction to sustainability in the built environment, he noted the importance of Edge and how it aligns with the major international green finance standards. Green buildings cost three per cent more with a three-year payback.

The highlight of the event was that the Unite ESG community, a network of climate tech, sustainability and ESG leaders from the real estate sector in Africa, with the common goal of achieving a sustainable and equitable future, was launched.

Its founder, Ruth Obih said the group would encourage ESG assessment, sustainability education, Edge and other certifications, sustainability policies and statements.

“The Unite ESG recognition is a tool to encourage, empower and spotlight real estate professionals, organisations and projects embracing sustainability by using ESG metrics to measure and assess their performance and their commitment to the United Nations Sustainable Development Goals (SDGs),” Obih,who is the managing director of 3InVES, added.

Source:Thenationonlineng