According to a survey by Jones Lang LaSalle, 87% of surveyed tenants in the Asia-Pacific region aim to achieve green certification for all buildings in their property portfolio by 2030, while currently only 4% of properties have received green certification. India, Malaysia, Thailand, and other countries are particularly committed to achieving 100% green certification, with over 95% of tenants having this as their goal.

Jones Lang LaSalle's analysis shows that only 2 out of every 5 **** feet of low-carbon space demand in the Asia-Pacific region from now until 2028 is currently under development. Kamya Miglani, ESG Research Director for Jones Lang LaSalle's Asia-Pacific region, said that green certified office space has become a basic leasing requirement for tenants in the Asia-Pacific region, rather than a competitive advantage. In addition, more and more companies are adopting sustainable strategies such as energy audits, sustainable refurbishment, and green leases, to create a sustainable working environment. The company predicts that in the future, tenants will raise their standards and begin to demand building performance and sustainable data that exceeds green building certification, to ensure that their assets align with their net zero carbon emissions goals.

Jones Lang LaSalle's Director of Sustainability Development in Hong Kong, Helen Amos, pointed out that Hong Kong faces a similar situation to other cities, and one of the challenges is the limited supply of green certified commercial buildings, which may not be able to meet the continuously increasing demand in the long term. Even if commercial projects under construction are included, most commercial buildings in Hong Kong have not received eco-friendly concept certification. However, upgrading and transforming existing properties can achieve environmental benefits that match or even exceed those of newer commercial buildings. Some existing commercial buildings have recently obtained green building environmental assessment for existing buildings or LEED (Operation and Maintenance) certification, which is expected to narrow the gap between the demand and supply of green buildings in Hong Kong.

Elke Kornalijnslijper, Director of Sustainability Development Services for Jones Lang LaSalle's Asia-Pacific region, said that tenants in the Asia-Pacific region will face fierce competition for sustainable assets. Faced with this situation, tenants need to plan carefully for the entire real estate value chain in order to establish closer cooperation with stakeholders such as landlords, investors, technology partners, and local governments. As companies move from commitment to practice, more businesses are expected to shift their focus from the cost of building a green property portfolio to the cost of not building one.