Led by the Japanese pension fund, other regional institutional investors are being encouraged to provide more detailed emissions data for their property assets and map out decarbonisation pathways.
The head of ESG at Allianz Real Estate said that making brown buildings green adds only 5% to 10% to renovation costs. Yet some investors are reluctant to make the changes.
Stakeholders across the global industry are failing in their responsibilities, says property investor Allianz Real Estate’s chief sustainability officer.
AIGCC’s net-zero investment report explores how the market is defining and investing in climate-aligned opportunities, and examines the barriers that investors in the region continue to face.
Australia’s second largest superannuation fund will only divest as a last resort, saying its better to work with, rather than against, those companies with ESG risks.