The climate catastrophe is not a foregone conclusion. We’ve seen dramatic changes that we may not be able to undo, but what we can do is control how we better protect the planet for generations to come. That’s why Legal & General Investment Management (LGIM) Real Assets has set out a strategy to achieve net zero carbon emissions across its UK real estate portfolio by 2050.
With the built environment contributing around 40% of global greenhouse gas emissions, at LGIM Real Assets we have published our Net zero carbon roadmap, which sets out our commitments and delivery plans to decarbonise our 76 million sq ft real estate portfolio. Decarbonising our entire portfolio means eliminating carbon emissions in every stage, from construction through to operation and even decommission.
“Collaboration across our organisation and with external partners will be the key to decarbonising and future proofing these assets. We will be working closely with all our stakeholders; from our colleagues, designers and developers, to building occupiers, managing agents and facilities managers. These partnerships will be vital in our race to net zero,” says Bill Hughes, Head of Real Assets at LGIM.
Our position as investors also means we have a financial responsibility to protect our clients’ capital through integrating ESG considerations into the investment process. “By future proofing our assets, we can ensure they are resilient and able to adapt to both climate-related transition and physical risks,” explains Shuen Chan, Head of ESG at LGIM Real Assets.