Making the announcement, US-based Urban Land Institute’s Greenprint Center reports increase in asset value
WASHINGTON, D.C., United States, 10 October 2020: Members of the Urban Land Institute’s (ULI) Greenprint Center for Building Performance have continued to make significant progress in reducing carbon emissions while increasing asset value, according to its most recent annual report. The Greenprint Center comprises an alliance of the world’s leading real estate owners, investors and financial institutions, committed to improving environmental performance across the global market, ULI said through a Press release.
Volume 11 of the Greenprint Performance Report, which measures and tracks the performance of 10,190 properties owned by Greenprint members finds that over the past year, carbon emissions have dropped by over three per cent, energy consumption by almost three per cent and water consumption by over three per cent, ULI claimed. In 2019, Greenprint members invested over US 50.1 million on sustainability projects spanning from tenant engagement to building envelope upgrades and recommissioning, totaling more than 6,000 individual projects, ULI said.
An economic analysis of Greenprint’s triple-bottom-line impact amounts to value of over USD 687 million (€579 million) since its inception in 2009, ULI said. This includes financial savings from energy and water use reductions, as well as the environmental value of carbon emissions reductions and the social value of air pollution and water, ULI said. In total, this represents a reduction of 1.43 million tons of CO2 emissions from Greenprint members’ properties, ULI said.
“Greenprint represents an essential element in the toolkit for institutional investors to measure progress in reducing the environmental impact of the properties they own,” said Mary Ludgin, Incoming Chair, ULI’s Center for Sustainability and Economic Performance, and Senior Managing Director (Global Investment Research), Heitman. “While COVID-19 has often knocked climate change and climate risk out of the headlines in recent months, Greenprint members have continued to identify best practices that can help us achieve the goal of a net-zero future.”
According to ULI, the report reflects the results of thousands of projects and best practices Greenprint members have undertaken to lead the industry in reducing their environmental impact. Examples include:
This year, Greenprint reported a record portfolio size, with the total number of properties increased by 12% over the past year, ULI said. The portfolio now includes 2.37 billion square feet (302 million square meters) of office, multi-family, industrial, retail and hotel properties. The 10,000-plus buildings in the portfolio are located across 32 countries, and Greenprint members hold over USD 1.18 trillion (€1.0 trillion) in assets under management (AUM), which is almost 5 per cent of the value of high-quality commercial properties globally, ULI said.
“Now more than ever, sustainability is a clear value driver in real estate, and the Greenprint Performance Report is continuing to make the business case to the industry for advancing green buildings,” said W Edward Walter, CEO, ULI. “As the report notes, ESG has come front and center as a cause that our Greenprint members are championing. They continue to lead the way to inspire a broader movement within the real estate sector to improve building performance while bolstering the bottom line.”
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