Built sector should formulate strategies for climate adaptation, says Obih

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Ruth Obih is a lawyer, and real estate entrepreneur, passionate about creating a thriving real estate sector in the country.

She is the founder and Chief Executive, 3Invest Limited, one of Africa’s leading real estate brands. She spoke with CHINEDUM UWAEGBULAM on the forthcoming real estate conference, climate tech, sustainability and Environmental, social and governance in the built environment.

To secure the environmental sustainability of an environmental project, it is also important to have the EIA document as an integral part of the license application document, and readily available during site inspections. Companies in the built sector have to create their process and operations to drive prosperity, innovation and investment by ensuring global best practices and strict adherence to environmental policies as well as the promotion of fundamental human rights.

The built sector must formulate new strategies and business processes to adapt to the rising challenges created by population growth, economic meltdown, unemployment and climate change. Being responsible for 40 per cent of total global energy-related CO2 emissions, the built environment plays a vital role in delivering the Paris Agreement. Achieving climate neutrality by 2050 requires a fundamental transformation of the construction and building sectors.

The only way to achieve the goals of the Paris agreement is to bend the demand curve for energy through increased energy efficiency. This year’s summit will be centred on climate tech, sustainability, Environmental, social and governance . Can you throw more light on the theme – Towards a Sustainable Culture?

The real estate sector is responsible for 40 per cent of all carbon emissions globally, the industry has both the obligation as well as the opportunity to make an extraordinary impact in creating a healthier, safer and cleaner planet. Thus, integrating and mainstreaming sustainability considerations into built environment-related activities are encouraged by recent sustainability agendas.

 

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