Sustainability
A reduction of emissions in the real estate sector – which accounts for approximately 40%1 of global annual greenhouse gas emissions – could have a considerable impact on global decarbonization.
As the guardians of Allianz’s real estate portfolio – one of the largest and most diversified in the world – we create environments and communities where people work, live and spend their time. The size, scope and Core focus of Allianz’s portfolio, puts us in a position to be leaders in the industry, reducing the carbon footprint of individual buildings and working with tenants and borrowers to evolve their environmental footprint too.
Our primary focus is on carbon emissions and energy efficiency across this Core and Core+ portfolio. We aim to direct Allianz’s capital into sustainable assets and solutions, both through new investments and by transforming the existing portfolio, with our activities that seek to align with decarbonization pathways for the global real estate sector as published by the Carbon Risk Real Estate Monitor (CRREM).
1 IEA (2019), Global Status Report for Buildings and Construction 2019, IEA, Paris
