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Institutional investors join carbon-reduction initiative for real estate sector
Investors - MARCH 25, 2022

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Institutional investors join carbon-reduction initiative for real estate sector

by Kali Persall

Some of the largest global institutional investors, together representing more than €2 trillion ($2.2 trillion) of assets under management, have joined the Global Real Estate Engagement Network (GREEN).

The real estate sector is responsible for about 30 percent to 40 percent of global energy consumption and greenhouse gas emissions. GREEN launched in September 2021 to help lead the real estate sector in reducing its carbon emissions and work toward science-based 1.5-degree targets.

The network was initially supported by a number of medium-sized pension funds and asset managers Vert Asset Management and Almazara, and has recently expanded to include some of the largest investors worldwide, including asset owners ABP, PME, PMT and asset managers APG, Wellington, MN, Robeco and Neuberger Berman.

The institutional investors aim to steer real estate companies to improve their sustainability performance and reduce their exposure to financial and non-financial climat

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