Finnish pension fund Varma announced on Friday that it is committing to fossil-free energy consumption in the properties it owns by 2030. In doing so, the company joins a global real estate and construction industry initiative that advocates for carbon-neutral buildings.
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UK and Western European investor Fore Partnership has committed to an ambitious target to ensure its business and buildings are net zero carbon by 2025.
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International property company Sonae Sierra has joined the global Recovery Better initiative, pledging to follow a sustainable path out of the global health crisis, in parallel with over 150 multinational firms.
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Downtown One, a mixed-use project in Tirana, Albania, has been awarded Leed Gold, becoming the first building in the country to be Leed pre-certified by the US Green Building Council.
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Westbridge Advisory International, an operating costs consultancy, has helped Commerz Real achieve sustainable savings on a six-building portfolio in France.
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Pan-European real estate investment manager Redevco has joined forces with Cofra Holding to initiate a large-scale on-site renewable energy generation project called Project Solar.
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The French cities of Dijon and Saint-Etienne have become the first cities to approve the development of 'energy-positive’ residential towers, under a €2 bn pan-European investment programme launched by Berlin-based Catella Residential Investment Management (CRIM) and French building engineering design company Elithis.
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CBRE Global Investors has closed a sustainability-linked revolving credit facility (RCF) with Dutch bank ABN Amro, where the levels of interest payment are yoked to one of its fund's ESG performance.
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UK building and project consultancy Paragon has launched a green investment service to help funds set and attain specific environmental targets.
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For the second year in a row, Unibail-Rodamco-Westfield has been highlighted as a global leader on corporate climate transparency and action by environmental impact non-profit Carbon Disclosure Project (CDP), achieving a score of “A” for its 2019 climate change response, the highest in the CDP Climate Change assessment.
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A New Year’s resolution which promises to pay dividends for commercial real estate owners far beyond 2022, is to start measuring how much carbon dioxide their property or portfolio of buildings churns out.
