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Fiera Real Estate announces 2035 net zero carbon pathway target

By Grace Melville
3rd May 2022

Congratulations to our client Fiera Real Estate on the announcement of their ambitious 2035 net zero carbon pathway target!

This announcement is a clear signal of Fiera Real Estate’s commitment to mitigating climate risk and demonstrating to the real estate market that the challenge of long income fund emissions can be tackled. 

The pathway sets out the actions required to achieve the objective of becoming net zero carbon in a cost effective and economically viable way by 2035, making the pathway one of the most ambitious for long income strategies in the UK market.

As with many other long income strategies, it has limited control over the operation of its buildings and the emissions associated with them due to the long nature of the FRI leases delegating full operational responsibility to the tenants. As a result, FRE UK, as Portfolio Manager, has worked closely and diligently with its occupiers, managing agents, net zero carbon specialist partner Carbon Intelligence in order to lay the foundation stone to achieving this most important of targets.

Jessica Pilz, Global Head of ESG at FRE commented, “Our net zero carbon pathway makes a clear commitment to achieving net zero on our long income portfolio by 2035. We believe we have a crucial part to play in mitigating climate risk across real estate as well as future-proofing our investments. We will continue to work closely with our tenants and managing agents to ensure we achieve this goal.”

 

Alongside our net zero work, we have also collaborated with Fiera Real Estate to raise the profile of their work and engage the real estate industry:

GRESB Real Estates Results Event Europe 2021 – Jessica Pilz joined our event to speak on a panel about tenant engagement and innovative solutions to enhancing data quality and coverage. Start from 00:25:30. 

Webinar: How much will it actually cost to align your real estate portfolio with net zero? – Franki Demetriades, Associate Director at Fiera Real Estate, joined our webinar on quantifying the cost of transitioning to net zero and what net zero due diligence looks like in practice

 

Further resources for real estate investors: