PGIM Real Estate has committed to reducing its greenhouse gas (GHG) emissions by 50% before 2030 and becoming net zero in its operations by 2050.
It has aligned itself with the Urban Land Institute’s (ULI) Greenprint Center for Building Performance Net Zero Carbon, which will provide it with a roadmap to reaching net zero by accelerating the reduction of carbon emissions produced by its buildings at all stages.
The company has also expanded its Environmental, Social and Governance (ESG) strategy, working alongside sustainability consulting firm Verdani Partners.
President Eric Adler, said: “We are proud to align with ULI Greenprint’s Net Zero Carbon goal to reduce operational carbon emissions of our global portfolio of managed properties to net zero by 2050 and we strive to meet this goal sooner.
“With the future in mind and through our expanded ESG program, we’ve accelerated efforts to significantly mitigate our impact on the environment by creating a multi-year plan for our assets, which includes deep energy retrofits, on and off-site renewable energy, green utility power and climate risk assessments.”