JLL has promoted Helen Amos to the role of head of sustainability for Hong Kong.
She has over 18 years of experience in the sustainability sector, working for companies including Mace and Cundall before joining JLL in 2020.
Amos specialises in the development and implementation of decarbonisation targets and strategies for both operational and embodied carbon.
Alex Barnes, managing director of JLL Hong Kong and Macau, said: "Sustainability has become an important element in the real estate sector and our clients are increasingly taking a building's sustainability into account in their investment decisions as sustainably operated properties perform better in the long term at both the asset and portfolio levels.”
Sustainability was the area most improved in the sub-indices which make up the JLL / LaSalle Investment Management Global Real Estate Transparency Index 2022, but was also the least transparent overall.
The index ranks nations for real estate market transparency on a number of metrics: performance measurement, market fundamentals, governance of listed vehicles, regulatory & legal, the transaction process and sustainability. The UK is ranked the world's most transparent market, followed by the US and France. This year, Japan climbed into the top tier of most transparent markets, boosted partly by its improved sustainability transparency performance.
The sustainability-scoring methodology in 2022 focused on energy reporting, GHG emissions, construction standards, climate risk reporting, green leases and health and wellness in buildings. In sustainability, the US and France lead, with the UK in third place. Singapore, which does not make it into the top 10 for overall transparency, ranks 6th on sustainability.
LaSalle IM global strategist Jacques Gordon said: "With all the new guidelines, disclosure regulations and pledges, it is no surprise that the sustainability sub-index ranks the lowest of all the transparency sub-indices, reminding us of the nascency, complexity and noise surrounding this critical topic.
"Yet, the it is also the most improved, showing that many countries across the world are working through the noise and striving to build the guardrails necessary to measure and influence positive outcomes related to sustainability."
Overall, real estate scored relatively high on green and wellness building certifications and energy benchmarking, but lagged on green leases, emissions reporting and resilient building standards. For example, France is the only nation to mandate green leases.
The report noted that many of the most improved areas in sustainability were focused on carbon and climate change, reflecting the industry's new focus on fighting climate change.
BBVA has invested in Fifth Wall's Climate Fund, which will in turn invest in companies seeking decarbonisation solutions which address the entire lifecycle of buildings.
The Spanish bank said its investment would "help the bank learn firsthand about the most disruptive technologies to fight global warming, while also gaining exposure to the business opportunity that investing in climate tech presents". The amount of capital invested was not disclosed.
Earlier this year, the bank invested $20 million in Lowercarbon Capital, a venture capital fund targeting decarbonisation solutions, particularly in the field of carbon capture.
Proptech venture capitalist Fifth Wall has $3 billion of assets under management and boasts investments from real estate companies such as British Land, CBRE and Kimco Realty Corporation, as well as other investors. The firm was founded in 2016 by former real estate investment bankers Brad Greiwe and Brendan Wallace.