This week the City signed a historic deal with 13 major organisations, which collectively own nearly 60 per cent of Sydney's CBD office space, to cut carbon emissions and improve the sustainability of the city. It's the first time major property owners in Australia have come together to develop energy, water and waste systems to improve environmental performance precinct-wide.
Sydney is the most power hungry geographical area in the country and buildings produce nearly a quarter of Australia's greenhouse gas emissions, so buildings that use less energy and water and produce less waste 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 future electricity price rises across the State.
This historic alliance, the Sydney Better Buildings Partnership, will help businesses reduce their overheads, create opportunities for new businesses and make our city a better place to live and work.
We have worked closely in support of Sydney businesses for many years now, from small start-ups through to the big end of town, with grants, programs and business awards. This memorandum of understanding takes our relationship to a whole new level. By working together we will make Sydney one of the world's leading green cities.
Foundation members agreed to work with the City of Sydney to reduce carbon emissions from their buildings, helping the City cut 70 per cent of carbon emissions by 2030 (on 2006 levels). The 14 founding member companies and organisations are: AMP Capital Investors, Brookfield Office Properties Australia, Charter Hall, Colonial First State Property Global Asset Management, DEXUS, GPT Group, Investa Property Group, Lend Lease, Mirvac, Stockland, Frasers Property, the University of Sydney, the University of Technology Sydney and the City of Sydney.
- Click HERE to view Better Buildings Partnership.