Mexico is among the top 10 global markets with LEED building certification, indicating significant progress in the actions the real estate sector is taking to address decarbonization. Currently, there are 2.2 million square meters of properties certified under the LEED standard, which is known for its energy efficiency, use of renewable materials, and sustainable design. These measures are especially relevant as the real estate industry is responsible for 41% of pollution emissions in Latin America.
In Mexico, progress is being made in the adoption of LEED V5 certification, with examples like the upcoming pilot program involving Torre Diana/Platino and an industrial building in Tlanepark IV, owned by Fibra Uno. This process includes the innovative use of materials in construction, such as wood, cement, and steel, which are essential to promote a shift towards sustainability.
According to a JLL study on climate risk, Mexican cities, such as Mexico City, Guadalajara, Queretaro, and Monterrey, are exposed to various climate threats like flooding, heat, hurricanes, droughts, and wildfires. Although emissions from the real estate industry in Latin America represent a smaller percentage globally, the challenge remains significant and requires immediate action.
Decarbonizing cities and real estate assets is a crucial aspect of the fight against climate change, and cities like Santiago de Chile, Buenos Aires, Rio de Janeiro, Monterrey, Guadalajara, and Mexico City are taking steps to lead in this area globally. The construction of resilient buildings is presented as a key solution to threats like rising sea levels, flooding, and natural disasters.
The real estate industry faces the challenge of adapting to climate risks and reducing its environmental impact. According to reports from JLL and PwC, both investors and tenants identify climate risk as a financial risk, highlighting the importance of developing strategies to address these challenges. Resilience and adaptability will be fundamental to mitigate the risks faced by the real estate sector in a context of accelerated climate change.
