A recent report by McKinsey, titled 'Circularity in the built environment: Unlocking opportunities in retrofits', emphasises the need for sustainable building practices to address climate change. 

The report, in collaboration with the World Economic Forum, discusses how retrofitting existing buildings with available technologies can reduce emissions and help achieve net-zero goals in a cost-effective manner.

Given that the built environment accounts for nearly 40% of global CO2 emissions, retrofitting plays a crucial role in decarbonising the sector. 

The report also explores circularity in retrofitting as a key opportunity for reducing emissions and creating business value.