Heitman commits to global net zero carbon operations by 2030
Heitman, a global real estate investment management firm, is reduce the private equity portfolio operational carbon emissions under its control to net zero by the year 2030.
This commitment aligns with Urban Land Institute’s (ULI) Greenprint Center for Building Performance (Greenprint) goal to reduce operational carbon emissions to net zero by the year 2050.
“We make this pledge with the future in mind and an expectation that environmental, social, and governance excellence should result in improved investment performance while leading to a better tomorrow for the citizens of the globe,” says Maury Tognarelli, Heitman CEO. “Our net zero commitment is one among several global property firms that are prioritising achieving zero carbon operations for their portfolios in concert with ULI Greenprint and we look forward to working with them toward this consequential goal.”
The net zero carbon goal is designed to accelerate and meaningfully reduce the built environment’s impact on climate change. The goal follows the World Green Building Council’s (WorldGBC) definition of net zero, which encourages portfolio-wide carbon reductions via continued energy efficiency improvements, on-site and off-site renewable energy investments, green utility power purchasing agreements, and acquiring renewable energy credits and offsets. ULI Greenprint provides the framework and roadmap to net zero, setting boundaries to, at a minimum, reduce all carbon to zero for building areas under operational control.
“Achieving net zero carbon operations by 2030 is an important undertaking and will complement our asset- and market-level climate risk assessment at the time of investment,” says Laura Craft, Heitman Head of Global ESG Strategy. “Effectively managing the growing risk that climate change poses to our client’s portfolios is important and the early adoption of global net zero carbon emissions while we continue to build resilient, sustainable investment portfolios should result in improved outcomes for our clients.”