HARRISON STREET
HARRISON STREET
Reflecting on the year ahead , Harrison Street will continue to chip away at its target of reducing carbon emissions by 70 % before 2025 . “ We remain on track to meet that goal ,” Brosig notes . The firm has spent time quantifying the impact its past building design and operations efficiency-related activities have produced and will begin to capture the impact from its S-related activities .
“ Other ongoing initiatives we will continue are increasing our roll-out of on-site solar and the installation of EV chargers . We will learn from the pilots we have run to better understand how to track and measure the embodied carbon in new building developments . And we ’ re looking deeper at biodiversity and how we can continue to improve how we integrate nature into our property design . Lastly , we ’ ll continue to expand our tenant engagement activities .”
With real estate representing around 40 % of global emissions , and as critical timelines draw near , the investment management industry will be essential in determining how the world responds to climate change . Regulatory scrutiny will likely increase dramatically and unsustainable operations will face huge commercial challenges as resources become more competitive and market expectations shift .
She concludes : “ The ESG space has developed massively in the last five years and can be expected to continue to grow in the next few years ahead . As new sustainable practices and programmes are established that offer investors increased returns even slow adopters will be forced to address the opportunities within ESG .”
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