European listed property giant Covivio this week committed to a 40% reduction in its greenhouse gas emissions with the aim to achieve a Net Zero Carbon contribution for scopes 1 and 2 across its entire portfolio by 2030.
‘In response to ever-increasing environmental and climate concerns, we are adopting an ambitious carbon trajectory aiming to make Covivio a role model in low-carbon real estate,’ said CEO Christophe Kullmann.
It is not the first green initiative launched by the Paris-based landlord. By the end of 2020, Covivio had already reduced its emissions by 20% relative to 2010. Ahead of target, the company is accelerating its transition and has set its sights on a 40% reduction in greenhouse gas emissions by 2030 (compared with 34% previously).
This target, which encompasses scopes 1, 2 and 3, covers the full range of Covivio’s European activities (office, residential and hotel real estate) and spans the entire asset life cycle, from materials and construction to remodelling and operation.
Covivio is also targeting net zero carbon from 2030 for scopes 1 and 2.
‘This carbon trajectory is based on an appropriate action plan which covers all scopes: we have made a point of including all the countries where we operate and all of our products, taking into account both construction and materials. We will use all the levers we can to meet the challenges we have set ourselves,’ said Jean-Eric Fournier, Covivio’s sustainable development director.
