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TH Real Estate appoints Verco to map carbon footprint

TH Real Estate has appointed Verco Global Advisory Services, an award winning sustainability and climate change consultancy, to map its European portfolio, in order to measure and aim to reduce its carbon footprint.

By using automated data feeds wherever possible, to collect information on energy use, as well as water use and waste produced, TH Real Estate will be able to collect more comprehensive and accurate data about the performance of its buildings. Through the analysis of this information, the two firms can work together with property managers to identify opportunities to make TH Real Estate’s buildings more sustainable and reduce its carbon footprint.

Verco’s appointment will assist the firm to meet the goals of the Paris deal, which will require property portfolios to reduce carbon emissions by around 3% per year from now until 2050.

TH Real Estate and Verco are also working together with a number of leading industry players on a ‘design for performance’ initiative exploring a new solution to the much-cited performance gap between designed and operational performance.

These initiatives follow the firm achieving an excellent result in the 2015 Global Real Estate Sustainability Benchmark (GRESB), the leading global benchmark for portfolio-level sustainability in the real estate market.

Jenny Pidgeon, Head of Sustainability, TH Real Estate, comments:

We are strongly committed to lowering our carbon footprint across our whole portfolio and we believe that the appointment of Verco will greatly assist us in doing this. Additionally, the access to this performance analysis will assist us in managing our assets efficiently and providing the most up-to-date information to our investors.

It is a significant time for environmental issues, following the signing of an ambitious climate change accord at the UN Climate Change Conference in Paris, and we are excited to be at the forefront of sustainability issues in real estate.

Disclaimer Issued by Henderson Real Estate Asset Management Limited, 201 Bishopsgate, EC2M 3BN. Authorised and regulated by the Financial Conduct Authority. TH Real Estate is a name under which Henderson Real Estate Asset Management Limited provides investment products and services.

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