(Bloomberg) -- Asia’s landlords have to speed up efforts toward achieving net zero emissions to satisfy their tenants’ sustainability demands, according to a CBRE Group Inc. survey. 

While most corporate renters aim to reach net zero by 2030, about half of asset owners surveyed named 2050 as their target instead, according to the report published Thursday. CBRE surveyed 41 landlords and 26 investors across Asia Pacific managing $200 billion in assets in total.

The discrepancy is primarily because building materials are carbon-intensive for asset owners, while most tenants are asset-light, according to the report. Key challenges to achieving net zero include infrastructure limitations, competing business priorities and unknown costs. 

A building’s environmental, social and corporate governance standard is an increasingly important factor for tenants, especially as more companies engage in ESG reporting. In November, two influential ESG standard bodies started a pilot project in Asia to create a common ground for the region’s companies to report their impact in the field.

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