Decarbonisation rising in the agenda says ULI

The vast majority of real estate investors in Europe are taking decarbonisation risks seriously, a ULI survey reveals.

A survey released at ULI’s C-Change Summit in Copenhagen this week found more than 60% of investor and manager respondents said that transition risks were impacting acquisition decisions in “nearly all” cases or “often”.

Meanwhile, 89% of real estate investors and managers now factor in the transition risks to a low carbon economy into their decision making. 

The survey revealed that this has resulted in acquisitions not going ahead for 61% of respondents. Separately, 54% have allocated assets for disposal because of these risks. 

Lisette van Doorn, CEO, ULI Europe, said: “We can see that transition risks have already become a significant factor in investment decision-making, adding a new layer of risk analysis to an already challenging market.”

She also called on the industry to collaborate over carbon pricing. “While we’re at the beginning of this journey, the industry taking ownership of carbon emissions by collaborating at scale to co-create a solution for carbon pricing is our best opportunity to make the greatest impact on carbon emissions,” she said.