Almost half of the world’s largest real estate investors, which between them own or control more than $1.2T of property, have no target to reduce the carbon emissions from their portfolios.  Real estate is responsible for 40% of global greenhouse gas emissions, but a Bisnow analysis of real estate’s 75 largest institutional investors, listed companies and investment managers found that 32 have no overall plan to reduce the amount of carbon they put into the atmosphere. It is vital that a sector responsible for such a large proportion of emissions cuts back on its carbon output, the United Nations has said, to ensure the world limits global warming to 1.5 degrees or less by 2050 and avoids the worst impacts of climate change. To do that, climate experts say real estate needs strong decarbonization targets, and the biggest owners and managers in the sector are instrumental in leading that process. | | |
