The ULI Greenprint Center for Building Performance announced today that four more of its real estate members have aligned to ULI Greenprint’s net zero carbon operations goal. These real estate leaders join the 30 ULI Greenprint members who have already adopted this goal to reduce the carbon emissions of their collective portfolio under operational control to net zero by the year 2050.
The four ULI Greenprint members newly committed to net zero emissions are Bridge Industrial, Prologis (by 2030), Shorenstein Realty, and Unico Properties LLC. These companies collectively own and operate nearly 1.1 billion square feet of real estate worth more than $200 billion in assets under management (AUM).
“With increasing physical and transitional climate risks, increasing demand for action from investors and occupants, and the proliferation of reporting and performance regulations, the real estate industry is determined to decarbonize,” said Marta Schantz, Co-Executive Director for the Randall Lewis Center for Sustainability in Real Estate at ULI. “We are thrilled to welcome this cohort of real estate leaders to align with the ULI Greenprint net zero goal and together look forward to meaningfully reducing the built environment’s impact on climate change.”
ULI Greenprint real estate members are dedicated to reducing carbon and increasing energy efficiency in their real estate portfolios as part of their business strategy. To date, members have improved energy efficiency and reduced their collective year-over-year greenhouse gas emissions by more than 50% and are increasingly focused on achieving net zero.
ULI Greenprint’s net zero carbon operations goal is a way for existing ULI Greenprint members to lead the way in reducing their impact on climate change. The goal encourages portfolio-wide carbon reductions via energy-efficiency improvements, on-site renewable energy, green utility power and building electrification, off-site renewables, renewable energy credits, and offsets. The goal is in line with the Paris Agreement and the Intergovernmental Panel on Climate Change’s (IPCC) recommendation to keep global warming below 1.5⁰ Celsius.
The 34 ULI Greenprint real estate members who have aligned to the net zero carbon operations goal represent more than $1.1 trillion in AUM, nearly 2.9 billion square feet, and nearly 12,500 buildings across more than 20 countries. A list of those members who have aligned to the net zero goal can be found here. A list of the 74 current ULI Greenprint members can be found here.
More details on the ULI Greenprint net zero carbon operations goal can be found at uli.org/netzerogoal.
