London, UK – On May 25, 2022, the World Green Building Council (WorldGBC) welcomed seven new and existing signatories to the updated Net Zero Carbon Buildings Commitment: CannonDesign, Deutsche Bank, GI Quo Vadis, Grab, Lamington Group, QIC Real Estate (QICRE), and Schneider Electric and Germany’s leading bank, Deutsche Bank. These industry leaders are taking ambitious action to combat climate change by committing to decarbonise both their operational and embodied emissions.

The Commitment now has a total of 169 signatories, which includes 135 businesses and organisations, 28 cities, and six states and regions.

The businesses and organisations signed up to the Commitment now account for approximately 7.2 million (tCO2e) of portfolio emissions annually, nearly 20,000 assets and more than $415 billion annual turnover.

These businesses are displaying industry leadership in the built environment, committing to reduce and compensate all operational emissions for assets over which they have direct control. As part of the updated Commitment, they will also maximise embodied carbon emissions reductions for new developments and major renovations by 2030, compensating for any remaining residual upfront embodied carbon emissions as part of a whole lifecycle approach.

Cristina Gamboa, CEO of the World Green Building Council: “I’m delighted to announce the latest group of signatories to the Net Zero Carbon Buildings Commitment. We welcome Schneider Electric, a world leader in building services and technologies and Deutsche Bank, a significant asset owner taking responsibility for their portfolio and beyond. These companies are displaying industry leadership to decarbonise their assets further and faster, contributing to accelerated industry transformation in the #RaceToZero. This progress in climate leadership comes as we celebrate 20 years of WorldGBC. We are eager to celebrate the remarkable work being done by our Green Building Councils and we welcome you to join us for our in-person event in London on 28 June 2022 – WorldGBC+20: Global Solutions Forum.”