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TH Real Estate commits to science-based energy target

BBP

As featured by Better Buildings Partnership, Abigail Dean, Head of Sustainability, elaborates on our public commitment to reduce the energy intensity of our global equity portfolio, detailing the methodology, benefits, financials and management of the target.

TH Real Estate has made a public commitment to reduce the energy intensity of its entire global equity portfolio by 30% by the year 2030, based on a 2015 baseline. This responds to and supports the ambitious goals for sustainable real estate established at the 21st annual Conference of Parties (COP21) held in Paris in 2015.

Situation
TH Real Estate is one of the largest real estate investment managers in the world, with equity investments in nearly 900 office, retail, industrial and residential assets globally. Through its Tomorrow’s World approach, TH Real Estate integrates environmental, social and governance principles into its investment strategies and business operations.
At COP21, ambitious goals were established to limit global warming to 2 degrees and strive towards 1.5 degrees. It is estimated that real estate is responsible for about 40% of global CO2 emissions. These emissions arise from onsite fuel usage (such as gas for boilers) and from the use of electricity and other energy sources.

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