A collaboration of organisations coming together to drive reductions in embodied carbon in the building and construction industry. We seek to align with the Paris Agreement targets and principles of the circular economy and recognise that the building and construction sector is a complex ecosystem.
Reduction of scope 3 emissions by 12.5-25% by 2030
By 2030, all new buildings, infrastructure and renovations will have at least 40% less embodied carbon with significant upfront carbon reduction
By end 2022, to be on track to deliver at least 10% less embodied carbon with significant upfront carbon reduction
More than 10% Capital Expenditure for major infrastructure and building projects is covered by relevant certification/accreditations rating schemes (namely Green Star and ISCA) that include embodied carbon reduction commitments as a criteria
Minimum carbon emissions reduction rate of 1Mt/year by 2030 by reducing scope 3 emissions in construction materials including steel, cement and aluminium (this is equivalent to 2% of Australia’s current emissions on a year on year basis)
How will the Initiative fill this gap?
Demonstrating the demand and activating the supply of materials which meet the needs of net zero carbon goals.
Defining a best practice embodied carbon evaluation framework
Knowledge sharing through best practice education, case studies, myth-busting, demonstrations, and supporting innovation in materials and processes as part of a pre-competitive approach.
Developing common language for design specifications, procurement guidelines and tendering criteria as standard practice for government agencies and companies.
Helping to manage industry’s climate transition risks, risks associated with adopting innovative materials and the required skills development.
Supporting materials such as steel, cement and concrete, aluminium, and other materials such as timber, glass, brick and others, to reduce their carbon intensity and giving visibility to other low carbon and innovative materials.
Educating and scaling demand for low carbon material in building services and systems.