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Sustainable Real Estate Investment

Implementing the Paris Climate Agreement: An Action Framework

On 12th December 2015 history was made in Paris when 195 countries agreed to work together to substantially curb global warming by limiting it to a maximum of to 2°C, possibly 1.5°C, and phase out fossil fuels by the end of the 21st century.

More than ever before, governments all over the world are now constrained to find cost-effective ways to curb pollution, with every sector and every economic actor coming under close scrutiny. The buildings sector has one of the highest carbon footprints – it currently contributes to 30% of global annual greenhouse gas (GHG) emissions and consumes around 40% of the world’s energy. Following through on the commitments made in Paris means avoiding 77% in total CO2 emissions in the buildings sector by 2050 compared to today’s levels. At the same time, the sector’s mitigation potential is huge. Achieving this potential will be critical, but it requires massive investments to be made.

To support real estate investors with this work, the United Nations Environment Programme Finance Initiative and its global partners (IGCC, IIGCC, Ceres INCR, PRI and the RICS) have come together to create clear signposts for action for real estate stakeholders, regardless of size or existing level of sophistication of ESG and climate issues. These easy to understand and apply actions and accompanying framework distil all available material published over the last five years, reviewing and filtering those most relevant for each of the real estate stakeholders and the different steps in the investment process. The result is an easily accessible framework that leaves no excuse for real estate stakeholders to start taking action.

Download an interactive copy of the framework.
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Executive summary
List of launch events and presentations of the Sustainable Real Estate Investment Framework
Press release

Videos

 

This framework addresses the following audiences (please click on your icon to open investor type specific chapters of the framework):

View the tool mapping of selected resources.

 

Integrating Climate Risks in Real Estate

Real Estate Investor members of UNEP FI, CERES - INCR, IGCC, IIGCC, PRI and the RICS believe it is economically and practicably feasible for the real estate sector to play a significant role in limiting global temperature increase to 2°C.

We support national greenhouse gas (GHG) reduction targets aligned with IPCC recommendations and policy frameworks which enable a smooth transition to a low carbon economy.

We are calling on fellow investors to follow suit and scale up the integration of ESG and climate risks in a manner that protects and enhances value across the commercial property industry and support the 2°C global UN target.

To support this move, we have come together to review, synthesize and evaluate the relevance of major publications and tools produced in recent years. We aim to create a concise, actionable investor framework that maps the actions which real estate investors and related service firms could easily implement, regardless of where they currently might be on their journey to integrate ESG and climate risks into their mainstream investment activities.

Briefing: Integrating Climate Risks In Real Estate
French version
Press release

                       

 

This project has been developed together with Climate Strategy & Partners.

Contact

Katharina Lütkehermöller
katharina.luetkehermoeller@unep.org