Pan-European real estate investment advisor Revetas Capital has announced it is targeting net carbon neutrality for its portfolio by 2040.
A ‘Think Zero’ will be introduced in the investment process and across businesses, followed by the implementation of the ‘Net Zero’ to minimize emissions in workplaces, properties, travel and supply chains.
A clear roadmap will be created, with regular updates on the status of each asset and the portfolio as a whole.
The roadmap will consist of four stages: clarifying and defining a strategy; gathering information from each asset; in-depth audit of all assets including the identification of areas for further improvement and definition of individual roadmaps to achieve the targets; and implementing the action plan and monitoring the performance of the assets.
Eric Assimakopoulos, founding partner at Revetas, said: ‘Addressing climate change in our industry is critical given over 40% of the annual greenhouse gas emissions across the globe come from the real estate industry. It is time for each major player in real estate to take leadership on the matter and Revetas Capital has taken a very serious commitment towards EGS policies, with carbon neutrality as the core of our investment strategy for the future.’
An ESG Committee will supervise the achievements of ESG goals at Group level and is signatory to the UN PRI, the world’s largest voluntary corporate sustainability initiative.
