Big investors boost sustainability group
A real estate sustainability initiative has been boosted with the addition of a number of new investor and asset manager members.
The Global Real Estate Engagement Network (GREEN) has welcomed Dutch pension groups, ABP, PME and PMT as well as Dutch investment managers APG, MN and Robeco. They have also been joined by US investment managers Wellington Management and Neuberger Berman.
GREEN was launched in September 2021 as a not-for-profit group of real estate investors seeking to ensure the industry meets the Paris goals on climate change. It is the brainchild of Dutch real estate academics professor Piet Eichholtz from Maastricht University and professor Kees Koedijk from Utrecht University.
Patrick Kanters, managing director, private investments at APG, said: “Curbing global carbon emissions in real estate will contribute significantly to the Paris goal of limiting global warming to 1.5 degrees or less. GREEN has the potential to grow into an effective platform for like-minded investors to meet and leverage shared objectives. We encourage like-minded investors to join this global network and together work on improved sustainability in the real estate sector.”