Pan-European real estate investment advisor Revetas Capital says it aims to achieve net carbon neutrality across the portfolio by 2040.
The company has already selected committee that will supervise the achievements of ESG goals throughout the group and is signatory to the UN PRI, the world’s largest voluntary corporate sustainability initiative.
“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,” said Eric Assimakopoulos, Founding Partner at Revetas. He added that carbon neutrality is at the core of Revetas’ investment strategy for the future.
The group’s objective is to cut emissions in the workplaces, properties, travel and supply chains. The results will be reported in a transparent manner for each asset class.
Sign up today for the latest news