Big business goes green
Cleaning up our act
In an Australian first, the City of Sydney has formed a new alliance of major property owners that collectively own nearly 60 per cent of central Sydney's office space. Their aim is to cut greenhouse gas emissions and improve the sustainability of their buildings.
Sydney is the most power-hungry geographical area in the country. Buildings produce nearly a quarter of Australia's greenhouse gas emissions, so buildings that use less energy will help in the fight against climate change.
Producing energy locally instead of bringing it in from the Hunter Valley reduces pressure on the state's ailing electricity infrastructure and reduces the size of future electricity price rises across the state.
The foundation members of the Sydney Better Buildings Partnership (BBP) have signed up to reduce carbon emissions in their city buildings by 70 per cent by 2030.
The City is on track to bring down its greenhouse gas emissions, improve the sustainability of its buildings and reduce its reliance of fossil fuels as part of Sustainable Sydney 2030.
- AMP Capital Investors
- Brookfield Office Properties Australia
- Charter Hall
- City of Sydney
- Colonial First State Property
- Frasers Property
- Global Asset Management
- Investa Property Group
- Lead Lease
- University of Sydney
- University of Technology Sydney
Last updated: Wednesday, 5 December 2012