Schroders joins GREEN for real estate sustainability

Schroders has joined the Global Real Estate Engagement Network (GREEN), a non-profit engagement network comprised of global institutional investors committed to advancing sustainability within the real estate industry. 

Schroders shared that by joining GREEN, its global cities team aims to collaborate with peers in engaging with listed real estate companies to drive “meaningful change”. 

Given that the real estate sector contributes around 40% of global greenhouse gas emissions, GREEN focuses on aligning the industry with the goals outlined in the Paris Climate Agreement. Through collective efforts, members seek to guide real estate companies – listed and non-listed – in enhancing sustainability performance and mitigating financial and non-financial climate risks. 

A notable initiative involves the development of an investor statement, endorsed by all members, outlining actions related to climate change and sustainability, including enhanced disclosure, governance frameworks, science-based transition pathways to help meet Paris Agreement goals and the promotion of certified data across portfolios such as building certification.

Andy Howard, global head of sustainable investments at Schroders, said: “Aligning with other investors through GREEN will help us achieve even greater impact and influence with real estate companies across different markets.”

Tom Walker and Hugo Machin, co-heads of global listed real assets at Schroders, commented: “Real estate and cities are major carbon emitters and the potential cost of inaction or maladaptation could lead to significant material and financial consequences. Collective action is essential given the scale and regional impact of the consequences besides impacting individual assets at risk.”

© 2023 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

Innovative US companies are providing some of the solutions to the climate crisis and transition to a more sustainable economy. We see potential opportunities in areas including renewable energy and…
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

IRELAND SPOTLIGHT

Visit our dedicated Ireland channel for all the latest news and analysis on the country's investment industry.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST