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New York City Climate Mobilization Act Overview

Kevin Smith • 12/7/2021
Cushman & Wakefield’s Environmental, Social and Governance (ESG) team breaks down the NYC Climate Mobilization Act and how our ESG and engineering professionals can help pave a roadmap for legislative compliance. 

Hero Sustainability persbericht XL

New York City recently passed the Climate Mobilization Act, a package of bills and resolutions that aims to significantly reduce the greenhouse gas emissions of New York City. The provision with the deepest implications for the industry is Introduction 1253, which mandates certain buildings over 25,000 square feet meet greenhouse gas emission limits.

This legislation has the potential to directly impact asset operations and plans for capital improvements. It will be necessary for owners to factor in potential carbon emissions when reviewing upcoming capital improvement projects.

Download the full report to learn more.

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