Energy Efficiency, GHG Emissions  -  April 29, 2022

ACRE Sets 2050 Goals

ACRE, a global real estate private equity firm,  announced its commitment to reduce its carbon emissions to net zero by 2050. 

The company will undertake a number of measures to chart its path to net zero across its entire portfolio, including a complete GHG inventory and assessment of available data to understand the sources of emissions. ACRE is already pursuing the development and implementation of a comprehensive decarbonization strategy in order to align with climate change mitigation and adaptation goals identified in the Paris Agreement.

“Commercial and residential buildings are among the largest contributors to carbon emissions and climate change across the U.S. and the world,” said ACRE Founding Partner Michael Van Der Poel in a statement. “We have always considered ourselves to be leaders in investment, as well as in the creation of healthy, sustainable communities. We are proud to lead the charge for the industry as we incorporate a variety of responsible, cutting-edge ESG practices and pursue a truly carbon-neutral future across our growing portfolio.”

ACRE became a strategic partner of the Urban Land Institute (ULI) Greenprint Center for Building Performance, which is dedicated to leading the global real estate industry towards improved environmental performance, focusing on energy efficiency and reduced carbon emissions.

ULI Greenprint will play a key role in ACRE’s path to net zero through measurement, benchmarking, knowledge sharing, and the implementation of best practices that will guide the firm as it decarbonizes its portfolio and continues its success as a global real estate investor. ULI defines net zero in line with the World Green Building Council, as a building portfolio that is highly efficient and powered by on- or off-site renewables, including offsets. The baseline net zero goal is based on the CDP scope 1 and 2 greenhouse gas emissions, and direct operational control, excluding occupant operations.