Sharm El-Sheikh, Egypt, Nov. 8, 2022 –The Sustainable Markets Initiative (SMI) Sustainable Buildings Task Force, chaired by Johnson Controls Chairman and CEO, George Oliver, today issued actions to accelerate the decarbonization of the built environment.

A newly released whitepaper by this Task Force outlines best practices to achieve a more sustainable future through technology adoption, smart policies and innovative partnerships. The Sustainable Buildings Task Force is comprised of leaders from global companies in the built environment, at the invitation of His Majesty King Charles III, in his former role as His Royal Highness The Prince of Wales. The Task Force also announced new commitments, being made by some of the most important companies in the buildings industry, including SMI companies that will also work towards having at least one carbon-neutral building by 2030, while decarbonizing heat and deploying ultra-low carbon building materials.

“Given that buildings account for nearly 40% of the world’s greenhouse gas emissions, decarbonizing buildings is the key to decarbonizing our future and we are at a critical inflection point. The good news is that we have the technology to make a positive impact, harnessing the power of energy efficiency technologies, electrification and renewables,” says George Oliver, CEO and Chairman of Johnson Controls. “My thanks go to the members of the SMI Sustainable Buildings Task Force who are leading this work to implement smart policies and innovative partnerships that can help overcome current barriers.”

Read the full press release here.