The Committee on Climate Change ( CCC) advised in 2019, that the UK should be aiming for net zero emissions by 2045-2050 in order to be compatible with the1.5ºC Paris Agreement goal.Its recommendations were:For the UK, a new target: net-zero greenhouse gases by 2050 (up from the existing emissions reductions target of 80% from 1990 levels by 2050);For Scotland, a net-zero date of 2045, 'reflecting Scotland’s greater relative capacity to remove emissions than the UK as a whole';For Wales, a 95% reduction in greenhouse gases by 2050, reflecting it having 'less opportunity for CO2 storage and relatively high agricultural emissions that are hard to reduce'.But how to get there and why is it proving not to be so easy?
39% - this is a figure the real estate sector knows well too well. And this must change.According the UN’s Global Status Report, the built environment makes up approximately 39% of the global energy-related carbon dioxide emissions. In order to be on track to meet global climate ambitions set forth in the Paris agreement, we need to see a 30% reduction by 2030. Global buildings sector energy demand rose 7% from 2010 to 2019, so drastic action is needed.
In the context of GRESB 2020 submission deadline extended by 1 month (to August the 1st 2020) and with the help of the enhanced Fabriq GRESB module, real estate sustainability practitioners are well equipped to participate in this year's global benchmark reporting. As most sector experts know, GRESB announced at the 2019 results event that they had decided to bring a series of changes to 2020 reporting. So, what are the main changes for GRESB in 2020?
If anyone was to tell me 3 weeks ago that the whole of world of work and play would be turned upside down due to an unseen global enemy, I would have strongly recommended they watched better sci-fi movies. Even by my film standards, that scenario made for a very unlikely narrative. Looking at the world now, the reality seems to beat the script. This Coronavirus crisis has hit all sectors of the economy - locally, regionally, globally - and impacted all of our lives in an unprecedented way.As a technology company, aiming to significantly reduce climate change by connecting and optimising the world’s buildings, I have tried to look at some positive aspects on how this crisis is impacting PropTech and the real estate sector at large:
New Year, New ChallengeFabriq team members pushed themselves out of their respective comfort zones. Forget Veganuary! Team Fabriq challenged itself to complete a minimum of 7,500 steps by the end of the month. Quite fitting really, with the 2020 Olympics scheduled for later in the year."And why, why would team Fabriq plunge itself into this challenge?" I hear you ask. Well, as a famous celebrity once said "because we want to" but also the challenge served the purpose of emphasising general health and well-being and simply enjoying the outdoors more, in 2020. Oh, if you recognise the last quote, then you are wise beyond your years.
It has been quite an eventful start to the year/decade for us at Fabriq to say the least, with our fearless founder Benjamin Kott passing on the CEO baton, leaving behind an incredible legacy of a leading edge product and a laudable culture.As many of you are already aware, while Ben is moving on...he's NOT moving out! He continues to be involved in providing direction for the company on business governance and strategy as a non-exec to Fabriq’s Board of Directors. With that said, while we miss having him around during our weekly team lunches (he did promise he would stop by whenever he could for his favourite fish and chips!), he will continue to play a pivotal role in shaping how Fabriq evolves as a purpose-driven company.
First working week of the year and my LinkedIn feed is filled with articles on 2020 trends and resolutions. They all make for a great read – special mention to Nikki Greenberg's, Paul McCorquodale's and Will Darbyshire's ones which gave me the inspiration to write this piece.While the industry acknowledge the urgency of tackling climate change and the role PropTech has in addressing it, the greatest impact we can collectively have is when mass adoption of sustainability technology happens in the property sector.
Last Tuesday (the 26th of Nov 2019), I was invited to be part of the panel on ‘Leveraging ProptTech to get to Net Zero’ at the first Women In PropTech (WiPT) London event alongside fearless leaders in the space Sally Jones, Julie Hogarth, Alison Webb and beautifully moderated by Sarah Ratcliff.
You would be forgiven for expecting this to be a post from the CEO / founder of the business in which s/he shares insights about the challenging journey of building a business and how it, almost never, resembled what they expected… (here's what Ben had to say about it last year). Or possibly a blog about how no amount of MBA entrepreneurship courses one might take, how many books or blogs one might read, how many founder entrepreneurs one might know closely, invariably, the reality always turns out differently to the imaginary.
As I start writing this, I cannot escape Sting's song 'I'm an Englishman in New York'. Less than 3 months in, I am starting to notice patterns in PropTech which I have experienced in my previous MarTech (marketing tech) and FinTech (finance tech) lives.
No doubt July was a tumultuous month - from electing a new UK Prime Minister to hitting the highest ever recorded temperature in the UK (not that these two are related in any way). Going beyond events affecting our nation, undoubtedly the most important celebration this month is celebrating the 50th anniversary of arguably the single biggest achievement of mankind in the 20th century, the moon landing. Whilst there are so many aspects of the event which are mind-blowing, currently my thoughts are with the man who provided the vision and leadership behind this feat and his speech at Rice University which set the scene for what was to come.
It is a particularly lovely, sunny day to be inside, staring at computer screens. Of course, it could be none other than for PyData that we do this. PyData London is an annual event for beginners, experts and industry professionals alike, where we all convene to listen and learn about the latest developments on the data science frontier.