An updated journey of the road to net zero carbon
In order to support the objectives of the Paris Accord, governments in major countries across the world have committed to reach net zero by target dates between 2030 and 2060.1 In anticipation of a severely carbon constrained future, a large number of real estate investors have committed to reduce emissions from their portfolios to net zero by 2050.2
At Nuveen Real Estate, however, we are aiming to achieve net zero carbon in our real estate portfolio no later than 2040. Our latest pathway explains why we think it is prudent to achieve net zero carbon earlier than the broader market, and how we will aim to do this.
- Updated milestones
- Our 2019 baseline carbon footprint
- Assumptions and definitions
- Our target to reduce energy intensity by 30%
- Insights from around the globe
- Risks and opportunities
- The hallmarks of our approach
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Nuveen Real Estate is a real estate investment management holding company owned by Teachers Insurance and Annuity Association of America (TIAA) . Nuveen Real Estate securities products distributed in North America are advised by UK regulated subsidiaries or Nuveen Alternatives Advisors, LLC, a registered investment advisor and wholly owned subsidiary of TIAA, and distributed by Nuveen Securities, LLC, Member of FINRA and SIPC. Nuveen, LLC ("Nuveen") provides investment advice and portfolio management services through TIAA and over a dozen affiliated registered investment advisers. Nuveen Real Estate is an investment affiliate of Nuveen.
All information as at 1 December 2020 and sourced from Nuveen unless otherwise disclosed.