CBRE Global Investors Announces Commitment to Net-Zero Carbon Performance by 2040
18 Feb 2021
CBRE Global Investors, the global real assets investment management subsidiary of CBRE Group, Inc. (NYSE:CBRE), announces its aspiration to achieve net-zero carbon performance by 2040 for its directly managed, long-term core investments.
This environmental goal is a key element of CBRE Global Investors’ new Sustainability Vision, which also commits to championing diversity, equity & inclusion and the well-being of people and to influencing others to join in these ambitions.
CBRE Global Investors’ sustainability commitments include:
- Long-term core strategies: improve operational efficiency of assets and source green energy suppliers.
- Enhanced-return strategies: minimize embodied carbon by preserving existing structures and carefully selecting new materials, using a whole lifecycle assessment to create energy-efficient, future-ready assets.
- Occupied office space: work to reduce carbon in line with Science Based Targets initiative (SBTi) criteria by 2035.
- Tenant-controlled spaces (and others where the firm does not have direct control or management discretion): encourage clients, tenants, fund managers, operating partners, and other stakeholders to transition to net-zero carbon performance.
“CBRE Global Investors has both the responsibility and opportunity to contribute to sustainability in our investments and our corporate operations,” said Chuck Leitner, CEO, CBRE Global Investors. “Our Vision recognizes that Environmental, Social and Governance factors are fundamental to our business and drive long-term outperformance in the real assets portfolios we manage.”
For more information on CBRE Global Investors’ Sustainability Vision please visit https://www.cbreim.com/about-us/sustainability.
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About CBRE Global Investors
CBRE Global Investors is a global real assets investment management firm with $114.5 billion in assets under management* as of September 30, 2020. The firm sponsors investment programs across the risk/return spectrum for investors worldwide.
CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE). It harnesses the research, investment sourcing and other resources of the world’s largest commercial real estate services and investment firm (based on 2019 revenue) for the benefit of its investors. CBRE Group, Inc. has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. For more information about CBRE Global Investors, please visit www.cbreglobalinvestors.com
*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Global Investors provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Global Investors’ presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers.