Mirvac Releases Its Plan to Reach Net Positive Carbon By 2030
04 July 2019
Inline with the commitments it set out under its sustainability strategy, This Changes Everything, Mirvac yesterday released ‘Planet Positive: Mirvac’s Plan to Reach Net Positive Carbon by 2030.’
The Group expects to achieve and
exceed net zero
emissions even as its investment
portfolio’s net
lettable area increases with the addition of new generation office
developments such as 477 Collins Street,
Melbourne VIC and 80 Ann Street,
Brisbane QLD.
The key steps Mirvac will take to reduce carbon emissions include
continuing to maximise
energy efficiency and developing all-electric
buildings powered by 100 per cent
renewable energy.
“Human-induced
climate change is a significant threat to our planet, and
as a key player in the built environment industry, which contributes a
quarter of Australia’s carbon emissions, we have a responsibility to
eliminate more carbon than we emit,” Mirvac’s Group General Manager,
Sustainability and Reputation, Sarah Clarke, said.
“This work will mean that from 2030 and each year afterwards, Mirvac
will be avoiding emissions equivalent to planting over 1.4 million trees
and taking 22,300 cars off the road.”
Ms Clarke added that as well as minimising the Group’s
environmental
impact, reaching net positive carbon also makes good business sense.
“Being a force for good doesn’t need to come at the expense of
commercial sustainability. By transitioning our portfolio sooner rather
than later, we’ll benefit from energy price certainty and create greater
value for our stakeholders. And with low carbon building policy reforms
on the horizon, we’ll also be ahead of the curve when it comes to
compliance,” she said.
“But more than that, reducing, and ultimately, eliminating our carbon
emissions, is the right thing to do.”
Mirvac set its bold target to be net positive by 2030 when it first
launched This Changes Everything in 2014 and reaffirmed the target when
it released a refresh of its strategy in June last year. It has reduced
its carbon intensity by 21 per cent since FY13 through energy efficiency
leadership, which has been recognised through three 6 Star and two 5.5
Star NABERS Energy ratings, making its property portfolio one of
Australia’s greenest.
View the full plan > http://sustainability.mirvac.com/our-strategy/wp-content/uploads/2019/06/Mirvac_Planet-Positive.pdf
View the FAQ's > http://sustainability.mirvac.com/our-strategy/wp-content/uploads/2019/06/Planet-Positive_FAQs.pdf
View the summary > http://sustainability.mirvac.com/our-strategy/wp-content/uploads/2019/06/Mirvac_Planet-Positive-Infographic_FINAL.pdf
--ENDS--
Source: Mirvac - www.mirvac.com
Contact: N/A
External Links:
View the full plan > http://sustainability.mirvac.com/our-strategy/wp-content/uploads/2019/06/Mirvac_Planet-Positive.pdf
View the FAQ's > http://sustainability.mirvac.com/our-strategy/wp-content/uploads/2019/06/Planet-Positive_FAQs.pdf
View the summary > http://sustainability.mirvac.com/our-strategy/wp-content/uploads/2019/06/Mirvac_Planet-Positive-Infographic_FINAL.pdf
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