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Allianz Real Estate targets 25 per cent reduction in global carbon emissions by 2025 en route to carbon net-zero

Allianz Real Estate is targeting a reduction in carbon emissions from its global portfolio of 25 per cent by 2025. The decrease is part of the firm’s wide-ranging and extensive global sustainability program initiated in 2019 and supports Allianz Real Estate’s overall aim to be carbon net-zero by 2050.

“We consider it as highest priority to reduce the carbon footprint of all our assets and fight global warming. A reduction of emissions in the real estate sector – which accounts for approximately 40 per cent of global greenhouse gas emissions – will have a considerable impact on global decarbonisation. Our position, size and influence allows Allianz Real Estate to lead by example. As such, we have developed one of the most ambitious and comprehensive sustainability and ESG transformation programmes in the real estate sector,” says Dr Raphael Mertens, Chief Risk Officer at Allianz Real Estate.

“For some time now, our acquisition process has ensured high standards of sustainability for new direct assets, the next milestone on our journey to transition to a net zero world is to reduce the carbon footprint of our portfolio as a whole by 25 per cent over the next five years. As a responsible business, we aim at reducing this footprint while providing a transparent, measurable impact in the fight against global warming.”

Source: propertyfundsworld.com on 29 April (https://www.propertyfundsworld.com/2021/04/29/299464/allianz-real-estate-targets-25-cent-reduction-global-carbon-emissions-2025-en)