Building a green and sustainable future
This week is World Green Building Week. Organized by the World Green Building Council (WorldGBC) and led by a global network of 70 Green Building Councils, World Green Building Week aims to promote sustainable construction for an inclusive and resilient zero net built environment. They do this by accelerating the use of healthy and sustainable building materials and the efficient use of energy, water and other resources, thereby improving human health and providing solutions to combat climate change. for everyone, everywhere.
In the current climate following the COVID-19 pandemic, we are seeing strong demand from both investors and consumers for green with a health and wellness framework to ensure that sustainability is at the forefront at all levels, from the design and construction of new hotels, including the health of construction workers, to the comfort of those who work and occupy buildings, to the impact of buildings on our environment.
Green buildings are increasingly the norm and can generate a premium on the value of the asset. And increasingly, mortgage lenders are paying more attention to sustainability at all stages of a building’s lifecycle. According to a report by JLL, the demand for green finance is growing and mortgage lenders are increasingly offering loans based on sustainability performance. Last year, more than $ 700 billion in sustainable and green debt was issued around the world and, according to Bloomberg, that could mean that investments tailored to environmental, social and governance factors could reach over $ 53 trillion in assets by 2025 .
Besides the impact of the construction itself, we need to consider its wider impact on the health and well-being of the occupants and surrounding communities. WorldGBC has set a clear framework for health and wellness with six principles for a healthy and sustainable environment that we encourage asset owners and operators to endorse. This includes taking action for the climate, creating positive social value with buildings and communities, protecting and improving health, prioritizing the comfort of building users and designing harmony between environments. natural and built.
The recent opening of Radisson Resort & Spa Lonavala in India is a prime example of how sustainability is integral to our day-to-day operations and how we, like WorldGBC, aspire to be a catalyst for change in the ‘green building’ movement. The complex has invested in solar power, waste recycling, water harvesting and the use of native vegetation in its landscaping to ensure that nature is at the heart of the design and architecture of the complex, where natural elements are celebrated not only for their aesthetics but also for being ecologically and economically viable. The entrance hall of the complex echoes the design of Shivaji forts and adopts the “green building” philosophy which aims to reduce or eliminate the negative impact of its construction or operation and create positive impacts on our climate and our natural environment, preserving precious natural resources and improving the quality of life for everyone.
Famous architects, Borgos Pieper, recently completed another revolutionary sustainable ‘green building’ project for Radisson Hotel Group with the transformation of two historic buildings in Plaza de la Magdalena in Seville, which together define the western edge of the square, including the new Radisson Collection Hotel, Magdalena Plaza Seville. The transformed five-star hotel operates entirely on renewable energies, consumes 40% less water than the benchmark building and has obtained the first LEED (Leadership in Energy and Environmental Design) Hospitality Gold certification in Spain for the creation of a passable project site, which involves incorporating design elements that promote walking, cycling and other non-motorized transportation within the hotel location and the surrounding community.
As members of the Sustainable Hospitality Alliance, major hotel groups, including Radisson Hotel Group, embrace and contribute to broader climate action, water management and responsible consumption, as well as project development youth employment and human rights globally. As the United Nations COP26 climate summit approaches, now is the time for the hospitality industry to collectively state our ambition for a roadmap to Net Zero that includes an accessible starting point of the common core principles of global hotel sustainability, for hotel operations and real estate.