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WBCSD Welcomes Johnson Controls

Johnson Controls has joined the World Business Council for Sustainable Development (WBCSD), an organisation of over 200 forward-looking companies.

As a leader in smart, healthy buildings, sustainability has been a central focus of Johnson Control’s operations for decades. The company was one of the earliest to report emissions and pledge emission reductions and has made tremendous progress – reducing carbon emissions intensity by more than 70 percent since 2002. Johnson Controls continues to take significant steps to further improve its environmental impact and has committed to achieving net zero Scope 1 and 2 carbon emissions by 2040 – ten years ahead of the Paris Climate Agreement goal. By 2030, the company aims to cut its Scope 1 and 2 emissions by 55 percent and reduce Scope 3 emissions by 16 percent. These ambitious 2030 emissions reduction targets have been approved by the Science Based Targets initiative.

Johnson Controls also recently became the first S&P500 industrial company to release an Integrated Sustainable Finance Framework as well as issue a Sustainability-Linked Bond. This builds on its green finance leadership following its prior green bond issuance and the linking of its senior credit facility to sustainability metrics. As part of its Integrated Sustainable Finance Framework, Johnson Controls further committed to achieving interim absolute emission reduction targets by 2025.

A member of both the WBCSD decarbonisation and circular economy working groups for the Built Environment, Johnson Controls maintains an integrated focus on designing buildings with low to no carbon, standardising measurement across the industry, and delivering nature positive solutions, the two working groups are on the forefront of designing the future of sustainable, equitable cities.

“We are delighted to join WBCSD”, says Katie McGinty, vice president and chief sustainability and external relations officer. “The building sector accounts for nearly 40 percent of global annual CO2 emissions, so there is no tackling climate change without substantial investment in buildings.

“We look forward to working with and learning from fellow WBCSD members, leading the way to a low carbon, nature positive, sustainable economy, together.”

WBCSD president and CEO, Peter Bakker, adds: “WBCSD is working to accelerate the system transformations needed for a net zero, nature positive, and more equitable future. To achieve our vision of creating a world in which 9 plus billion people are living well, within planetary boundaries, by mid-century, we need to engage executives and sustainability leaders in business.

“Therefore, I am delighted to welcome Johnson Controls as the newest member of WBCSD. As a global leader in the built environment sector, with an ambitious goal to achieve net-zero carbon emissions by 2040, we are excited to work alongside Johnson Controls to solve the intertwined sustainability challenges of the climate emergency, biodiversity loss, and mounting inequality.”

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Staff Reporter covers the latest news, trends and opinion from the facilities management (FM) and corporate real estate (CRE) sectors. The FM market is currently estimated to be worth USD 1 trillion annually and is projected to grow at a compounded annualised rate of approximately 5% between now and 2026.

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