As human health and wellness has become more mainstream within the real estate industry, tenants, developers, and property managers have grown more sophisticated and comprehensive in their approach for addressing it. Results from the 2018 GRESB Real Estate Assessment demonstrate how participation in the 2018 Health & Well-being module has grown significantly since its initial release in 2016. Over 75% of GRESB participants now have health and well-being policies that address both employee and tenant/customer health.
Like ESG sustainability in real estate,
which has evolved and matured to the point where greater importance is now being
placed on actual performance rather
than just predicted performance, health
and wellness outcomes are moving from the merely aspirational to the more tangible.
But how best do you evaluate the ongoing health and wellness performance of a
building or space?
One option is with environmental sensors
that can directly measure quantitative information of relevant indicators, such
as air quality, noise, thermal comfort and lighting levels. What this overlooks,
however, is how this data translates to human experience: Do people find
certain environmental conditions comfortable, healthy and productive? When? And
to what extent? To obtain such insight, one could make use of another type of low-tech
environmental sensor: people. This is where a “post-occupancy evaluation” (POE)
becomes particularly valuable.
One of the benefits of early participation in the GRESB Real Estate Assessment was that it helped real estate portfolios improve their environmental, social and governance (ESG) -related policies and management systems. As ESG policies and management systems have matured, real estate companies and funds that have been early adopters in reporting to GRESB have made continuous performance improvements. But which key performance indicators are most important? Up until now, energy has been the primary indicator for measuring the performance of green buildings and portfolios. More recently, however, another indicator has come to the forefront as the key indicator for measuring real estate sustainability performance: carbon.
In many cities, buildings are responsible for a majority of the city’s overall carbon emissions. For this reason, low-carbon buildings will be an essential component for the development of sustainable cities. Effectively reducing building emissions will require a combination of advancements in low-carbon energy systems technology and initiatives to reduce building-related energy use in both new and existing buildings. A building’s energy use is also a function of the operations-related management practices and the behavior of the people who use the building and it is estimated that about half of the world’s building stock in 2050 will consist of buildings that already exist today. Subsequently, improving the energy use patterns of existing infrastructure has the potential to play a major role in the advancement of low-carbon buildings.
Smart urban technology has the potential to transform our cities — but watch out for unintended consequences.
What would cities look like if they were built from scratch, from the internet up? This is the question being asked by Sidewalk Labs, the urban innovation unit of Google’s parent company Alphabet Inc. What’s emerging from this thought experiment is a new approach to city-building, one that sees urban districts as platforms for testing and refining technologies that improve quality of life. Sidewalk Labs’ mission, it claims, is not to create a city of the future, but to create the future of cities. Continue reading →
There is perhaps no scientific innovation more anticipated — or misunderstood — than artificial intelligence (A.I.). A.I. will transform every industry, from medicine to finance, from law to education, and from energy to agriculture. It holds the potential to bring unprecedented benefits to humanity, influencing how we will communicate, travel, learn, work, and live. It will fundamentally change how we see ourselves. It has the potential to help us solve some of our most enduring problems, from climate change to economic inequality.
A.I. isn’t without its risks, however. It seems increasingly likely that as long as we continue to make advances in A.I. we will one day build machines that possess intelligence far superior to our own. The concern is not that this “superintelligent” A.I. will become malevolent or evil, as is so often portrayed in pop culture and the media. Rather, the concern is that we will build machines that are so much more competent than we are that even the slightest divergence between their goals and our own could turn out to be disastrous. Even in the best-case scenario, where our interests and the interests of a superintelligent A.I. are aligned, we will still need to absorb the social and economic consequences. Continue reading →
Misinformation can now be spread effortlessly through the echo chambers of social media at an unprecedented scale and velocity. However postmodern these assaults on public facts may seem, they are, in fact, nothing new. The “post-truth” narratives and the construction of alternative realities are merely a reflection of a much deeper and more systemic problem, one that did not originate in the twenty-first century.
The problem is one of human cognition. We have a tendency to exhibit numerous biases, fallacies, and illusions — the very lifeblood of post-truth narratives. These behavioral and cognitive errors aren’t flaws in the system; rather, they arise as a result of being built into the very cognitive machinery that allows us to think. So while problematic post-truth narratives may appear to be imposed on us from outside or above, they are actually more of a collective manifestation of our default cognitive setpoint. Continue reading →
“The humanities are far more powerful than most people believe,” writesNew York Times columnist Nicholas Kristof in response to Donald Trump’s plans to cease all funding for the U.S. National Endowment for the Arts, the National Endowment for the Humanities and the Corporation for Public Broadcasting.
I couldn’t agree more with Kristof’s sentiment — and I’m an engineer.
Civilizations may indeed be built up from the resources and materials that constitute the technologies, industries, and cities within it, but I would argue that this infrastructure is really just an outward manifestations of the ideas, beliefs, and values that are embedded within the minds of its people.
Not only do we need the arts and humanities now more than ever, but we will need more of it in the future. The advent of powerful new technologies like artificial superintelligence, for example, will demand that its creators first be able to think clearly about (or even solve) some very old problems in moral philosophy.
As someone who understood this quite well once remarked, “Technological progress without an equivalent progress in human institutions can doom us. The scientific revolution that led to the splitting of an atom requires a moral revolution as well.” These words of wisdom were, in fact, voiced by a U.S. president, but it certainly wasn’t the current one. These were the words of Barack Obama.