Global Commitment for Net Zero Carbon Buildings
25 September 2018
GBCA:
Many of Australia’s top ASX listed companies
have risen to the challenge and committed to to reach
Net Zero operating
emissions in their portfolios by 2030, and to advocate for all
buildings to be Net Zero in operation by 2050. Hear from them why
they signed on:
AMP Capital Wholesale Office Fund (AWOF)
"AMP Capital Wholesale Office Fund (AWOF) is pleased to be a founding signatory of the World Green Building Council Net Zero Carbon Building Commitment. AMP Capital, is a responsible global investment firm and this is another important step that we, along with other leading global organisations, are proud to take to demonstrate our commitment to driving action on climate change.
We are seeing increasing investor interest in climate change and sustainability issues, many who have their own sustainability commitments and expect AMP Capital to act to minimise their exposure to carbon risk. This aligns with our purpose in AMP Capital Real Estate which is to shape a better future, and one of our core values which is to expect courageous long-term thinking.
In 2017, AWOF made a public commitment to be Zero Net Carbon across the
portfolio by 2030 (for Scope 1 & Scope 2 emissions), and we have
developed a zero carbon pathway charting a trajectory of energy
efficiency improvements and renewable energy procurement that will see
us achieve the target of 70,000 tonnes of CO2 emissions abatement."
- Nicholas McGrath, Fund Manager, AMP Capital Wholesale Office
Fund.
City of Sydney
"Buildings are one of the biggest
sources of emissions in our City, and to achieve our target of net zero
emissions by 2050, we need to ensure buildings are well-designed and
operate efficiently.
We are proud to be part of the Global Commitment for Net Zero Carbon
Buildings, alongside other cities and jurisdictions taking strong action
on climate change"
- Lord Mayor Clover Moore.
Cundall
"The
Federal Government’s energy
and climate change policy in Australia in 2018 is a shambles. Forward
thinking businesses in the
property sector can demonstrate the
environmental and economic benefit of acting decisively now. Buildings
provide significant opportunities to reduce energy consumption and to be
a catalyst for more renewables. Becoming a founding signatory of the Net
Zero Commitment aligns with two key objectives in Cundall’s new
Sustainability Roadmap, Zero Carbon Energy and Climate Positive Action.
For both we will reduce our own impacts, and advocate and deliver
solutions on projects for our clients. Our industry faces a massive
challenge, but through collaboration, innovation and enthusiasm we can
all show what is possible to achieve. We don’t really have any other
choice,”
- David Clark, Director, Cundall.
Frasers Property Australia
“As a major property group, we
feel a degree of responsibility to join the Global Commitment for Net
Zero Carbon Buildings and to be part of the solution. We’re not only
actively striving to reach net zero emissions in our own developments,
we want to maintain a leadership role in encouraging the broader
industry to accept the challenge too. It is paramount we increase the
pace of change in Australia to ensure we meet our international climate
change obligations. To get there, we need to keep investigating
different ways to do things. At Frasers Property, we’re focusing on the
key planks of low carbon buildings: energy efficiency, renewable energy,
passive design and offsets. We are continuing to introduce innovations
such as embedded energy networks, use of certified carbon neutral energy
in the building and operational phases of our projects, and
understanding the potential for prefabricated and modular construction
to deliver improved sustainability outcomes, just to name a few. We have
enjoyed a strong relationship the Green Building Council of Australia
for many years and the Global Commitment for Net Zero Carbon Buildings
is a meaningful way for us to continue to grow this relationship though
aligned goals.”
- Rod Fehring, Chief Executive Officer, Frasers Property
Australia.
GPT Group
"The Australian property sector
has been a world leader in reducing carbon emissions, and GPT is proud
to be a part of this coordinated industry-wide and global effort for all
new buildings to be zero carbon by 2030. GPT believes reducing emissions
through the more efficient use of energy also makes good business sense
as it will reduce the cost of operating our buildings.”
- Bob Johnston, Chief Executive, GPT Group.
Stockland
“As a global sustainability leader
we are proud to be the first listed Australian property group to commit
to net zero targets as part of the World Green Building Council’s
(WorldGBC) Net Zero Carbon Buildings Commitment.
“Today’s announcement marks the launch of a net zero target for
Stockland’s head office tenancies and our Logistics and Retirement
Living divisions, all by 2030. This will be achieved by installing 11 MW
of solar on our Retirement Living and Logistics assets.
“Over the past decade we have taken a proactive and holistic approach to
sustainability, delivering meaningful, shared outcomes for our security
holders, customers and the community.”
- Mark Steinert, Managing Director and
CEO, Stockland
--ENDS--
Source: Green Building Council of Australia - www.gbca.org.au
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