For the second year in a row, Savills has joined forces with The World Wildlife Fund for Nature (WWF) for Earth Hour. To promote sustainability within real estate, Savills aims to promote public awareness in its communities by educating its residents on energy saving, environmental protection, and how to respond to climate change.
Following the success of Earth Hour in 2021, Savills will again partner with the WWF throughout the Earth Hour 2022 campaign. Earth Hour is one of the world's largest environmental movements and people participate from more than 190 countries and territories. With the message "Shape the Future - Now or Never", the campaign promotes the idea that individuals can take action in protecting the environment and can create a sustainable and healthy future. The program is a testament to Savills commitment to green and sustainable development.
The world is facing unprecedented climate change and is at a crisis point. In response to this, governments from around the world, including Viet Nam, committed to achieving net zero carbon emissions by 2050 at the recent COP26 summit.
Savills understands that for this commitment to become a reality, everyone within our society, including governments, businesses, and individuals, needs to participate and cooperate. To play its part, Savills will support the Earth Hour campaign, in which it will promote environmental protection across its social media channels, within its larger business community, as well as in over 100 managed properties that are home to thousands of residents.
The campaign, which will run from 23 March to 9 April, will promote and educate people on how to reduce emissions, what it means to aim for net zero, and how people can use renewable energy sources, save energy, and protect wildlife. Savills Property Management Department will also turn off non-essential lights and will encourage the residents in over 100 properties to participate in Earth Hour on 26 March.
Environmental awareness is increasingly important for real estate developers and investors. According to a 2021 United Nations report, the global construction and real estate industry produces nearly 40% of global CO2 emissions. As such, real estate players cannot fail to consider how processes and practices, such as ESG strategies, can be used to create sustainable developments. Increasingly, real estate developers are interested in sustainability certifications and energy efficiency.
Sustainable developments are a priority for Savills in its mission to reach net zero. In February 2022, Savills Ho Chi Minh City's hybrid office was awarded a LEED (Leadership in Energy and Environmental Design) Gold certification by the US Green Building Council. Savills also advises clients on how to make their projects more sustainable. In terms of property management, Savills also applies the Global Real Estate Sustainability Benchmark (GRESB) and the Minimum Energy Efficiency Standard (MEES) in all of its managed buildings.
Earth Hour is part of Savills ongoing commitment to promoting sustainability within real estate. Coupled with Earth Hour, Savills organises campaigns to save energy and reduce water consumption at its managed properties. These activities not only save resources but are essential in creating and implementing a sustainable way of life throughout the community.