GENERAL PROPERTY

LaSalle commits to global net zero carbon

Photo Karsten Wurth on Unsplash
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LASALLE Investment Management commits to goal of reducing landlord-controlled operational carbon emissions to net zero by the year 2050.

LaSalle has pledged that its global portfolio of US$65 billion of managed assets will meet the Urban Land Institute’s Greenprint Center for Building Performance Net Zero Carbon Goal. The ULI’s goal is set up to meaningfully reduce the built environment’s impact on climate change, beyond the current measures.

The goal encourages portfolio-wide reductions in carbon through measures such as: energy efficient improvements, on-site and off-site renewable energy, green utility power and carbon offsets as a last resort. It is also in line with the Paris Agreement and findings from the Intergovernmental Panel on Climate Change report to limit global warming to 1.5 degrees.

LaSalle added ‘environmental factors’ to its official investment strategy in 2017, in recognition of their impact on secular demand divers of real estate. They also became a member of the UN Environment Programme Finance Initiative in 2018.

The focus on what they label environmental, social and governance (ESG) integration has led to a reshaping of their sustainability program and the creation of a global carbon strategy to achieve net zero carbon.

LaSalle is also a signatory to the UK Better Buildings Partnership Climate Change Commitment, which has a goal of achieving net zero carbon for whole building and embodied carbon by 2050.

“At LaSalle we’re committed to doing right by our clients, our people and our planet. When we invest in ESG best practices, we are enhancing the performance of our clients’ investments, and bettering the communities we live, work and invest in” said Jeff Jacobsen, CEO for LaSelle.

“We are proud to stand with the ULI Greenprint Center for Building Performance on net zero carbon ambitions and commit to this industry goal, and look forward to creating positive, powerful change.”

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