ESG is increasingly important in the global shift towards a sustainable economy – We take a look at what it means to invest in climate change and how BillionBricks fits into this equation.
Sustainability, Environmental, Social, and Governance (ESG) programs are key components of long-term value and business resiliency. ESG has become a popular term for the non-financial issues that affect business and investor success. It represents a range of criteria companies use to help run themselves responsibly – and report the outcomes of their ESG practices to investors and other stakeholders.
As ESG-minded business practices gain more traction, investment firms are increasingly tracking their performance. Financial services companies like JPMorgan Chase, Wells Fargo, and Goldman Sachs have published annual reports that extensively review their ESG approaches and the bottom-line results.
Let’s zoom in and have a look at the net-zero key takeaways from the Investing in Climate Change report by Goldman Sachs.
Buildings have high emissions abatement potential. BillionBricks solutions can approach this reality.
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The world needs to cooperate towards limiting the rise in global temperatures to 1.5deg.
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India is among the Top 3 emitters in the world.
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Low-cost de-carbonisation is concentrated in power generation & solar.
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CO2 cuts in power in the building sector are gradual but still crucial.
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In the 1.5deg net-zero models, more global investment is needed for renewable power like solar photovoltaic.
Where does BillionBricks fit in this entire equation?
There is a projected market opportunity of $24.7 trillion in emerging markets from investments in green buildings, a 131% increase in ESG funding year on year in 2020 in Asia, and a 3750% growth in climate tech capital funding in the past 8 years. Today, BillionBricks is on a mission to impact people and the planet in a positive way through net-zero housing solutions at scale – and our efforts in sustainable investing start here.
BillionBricks’ vision to reduce carbon emissions of the built industry is directly in line with the goal to limit the rise in global temperatures. Greater private sector involvement in tackling climate change will create a virtuous cycle of public-private de-carbonisation efforts. Our work at BillionBricks combines housing and energy in a single systemic solution to achieve a net-zero transition that is positive for the planet and addresses the impacts of climate change.
India is the third-largest CO2 emitter and the building industry accounts for 40% of the global carbon emissions. BillionBricks’ housing solutions and work in India (and the Philippines) will put forth a collective opportunity of 120 MT / 5% carbon reductions per annum. To date, BillionBricks has a pipeline of 10,000 homes across India and the Philippines that will generate 100 MW of renewable energy and offset 3.4 MT of CO2. Our long-term vision is to impact 500,000 lives through housing innovation this decade.
Read more about how BillionBricks’ housing solutions impact climate change by aligning with the UN Sustainable Development Goals here.
