Commercial, Energy Efficiency, GHG Emissions  -  April 5, 2024

Grosvenor Announces Pathway to Net Zero Initiative

International property owner and developer Grosvenor has launched Pathway to Net Zero, a reductions-first approach to help the company decrease its carbon emissions by 42% compared to a 2021 baseline year, by 2030. Additionally, Grosvenor plans to reach Net Zero by 2050. 

Pathway to Net Zero supports the company’s mission to further reduce its carbon emissions. Grosvenor has been working towards reducing its environmental impact in North America and has publicly disclosed its consumption and carbon emission reduction data for the past 10 years. 

Grosvenor’s Pathway to Net Zero will work to achieve projected reductions through the following: 

• Deploying clean energy solutions such as solar and wind to its buildings; 
• Using more green building materials and innovative technologies during construction and capital improvement projects; 
• Utilizing ultra-energy-efficient lighting, windows, and HVAC systems; and 
• Developing programs to encourage its tenants and suppliers to reduce emissions. 

Grosvenor signed the World Green Building Council's (WGBC) Net Zero Carbon Buildings Commitment in 2019 and has been reporting to the Global Real Estate Sustainability Benchmark (GRESB) for three years.  

"Through lowering the carbon intensity of our properties, reducing the environmental impacts from our development activities, creating programs to help our tenants and suppliers reduce emissions, and establishing a carbon-focused corporate culture, we're confident in our ability to support a climate resilient future while improving our portfolio value,” said Steve O'Connell, CEO of Grosvenor's North American urban property business, in a statement.