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Real estate
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.
Highlights include
- 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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Endnotes
Sources
1 https://eciu.net/netzerotracker
2 https://www.betterbuildingspartnership.co.uk/member-climate-commitment
https://americas.uli.org/research/centers-initiatives/uligreenprint/membership/uli-greenprint-goals/
Important information
This document is not directed at or intended for any person (or entity) who is citizen
or resident of (or located or established in) any jurisdiction where its use would be
contrary to applicable law or regulation [or would subject the issuing companies or
products to any registration or licencing requirements]. Nuveen Real Estate is a
name under which Nuveen Real Estate Management Limited provides investment
products and services. Issued by Nuveen Real Estate Management Limited (reg. no.
2137726), (incorporated and registered in England and Wales with registered office
at 201 Bishopsgate, London EC2M 3BN) which is authorised and regulated by the
Financial Conduct Authority to provide investment products and services. Telephone
calls may be recorded and monitored.
Past performance is no guarantee of future results.
These materials are provided solely for use in private meetings and are intended for
informational and discussion purposes only. These materials are only for use by the
intended party and may only be circulated only to persons whom they may lawfully be
distributed. Persons who do not fall within such descriptions may not act upon the
information contained in these materials. Any entity responsible for forwarding this
material to other parties takes responsibility for ensuring compliance with local laws,
and in particular any applicable financial promotion rules.
This
document is not a prospectus and does not constitute an offer to the public. No
public offering or advertising of investment services or securities is intended to have
taken effect through the provision of these materials. It is not intended to provide
specific investment advice including, without limitation, investment, financial, legal,
accounting or tax advice, or to make any recommendations about suitability for any
particular investor.
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.
