Sydney's big corporate achievers making more money by turning green

[Mighty AU]

Sydney's big corporate achievers making more money by turning gr..

Sydney's skyline is greening and the city's big end of town has emerged as a global leader in emissions reductions.

The biggest portfolio of commercial buildings, representing half of the city's office spaces, has reduced emissions by 52 per cent in just seven years.

"It's just fantastic and they are saving $33 million annually," Lord Mayor Clover Moore told the ABC.

Ms Moore signed a pact with half of the city's building owners in 2011, with the goal of reducing emissions by 70 per cent by 2030.

The Better Building Partnerships (BBP), which has a portfolio worth $105 billion, is set to reach that goal years before the target date.

"We know that 70 to 80 per cent of emissions happen in our cities, so if we can get our emissions down in our cities we are making a great contribution to addressing climate change," the Lord Mayor said.

The council has reduced its emissions by 25 per cent. Across the CBD, the figure is closer to 19 per cent.

Ms Morre said there was potential for greater take-up of sustainability initiatives by other landlords in the entertainment and hospitality sectors, and there was progress in small businesses, and residential and mid-tier buildings.

[Saint Furrybutt]

So this is look-like Ecocapitalism do for Australian corporations.