Allianz Real Estate considers it as a highest priority to fight global warming by reducing the carbon footprint of our global portfolio of assets.
"Our support for the low-carbon transition is steered by the true commitment to reach net-zero emissions by 2050. This is not yet another program to meet certain standards and adhere to best practice, but it is about concrete action and scientific measures in the fight against global warming."
Chief Risk Officer Allianz Real Estate
A reduction of emissions in the real estate sector – which accounts for approximately 40%* of global annual greenhouse gas emissions – will have a considerable impact on global decarbonization.
By the very nature of what we do – creating environments and communities where people work, live and spend their time – and as one of the largest investment managers in real estate, we see it as our responsibility to lead by example and reduce the carbon footprint of our portfolio and to encourage others in the industry to do the same.
Allianz Real Estate´s primary focus is on carbon emissions and energy efficiency, but we also look at governance, social and wellbeing standards across the portfolio. We aim to direct capital into sustainable assets and solutions, both through new investments and by transforming our historic portfolio. Our activities target becoming aligned with the 1.5 °C decarbonization pathways for the global real estate sector as published by the Carbon Risk Real Estate Monitor (CRREM).
* IEA (2019), Global Status Report for Buildings and Construction 2019, IEA, Paris
Allianz Real Estate takes tangible steps to reduce its carbon footprint and develop healthy buildings for the environment and the communities that live and work in them.