“The global real estate sector is working to manage its carbon footprint, build resilience in the face of climate change and respond to more stringent environmental regulations,”1 said Nils Kok, CEO of Global Real Estate Sustainability Benchmark (GRESB), an industry-driven organization committed to assessing the environmental, social and governance (ESG) performance of real assets globally, including real estate portfolios and infrastructure assets.
According to 2016 GRESB assessment data, 90 percent of property companies and funds reporting to GRESB are integrating carbon management strategies into their investments. These actions have contributed to a 2 percent annual decrease in carbon emissions, which GRESB noted, is the equivalent of taking 704,464 passenger cars off the road.
“90 percent of property companies and funds
reporting to GRESB are integrating carbon management
strategies into their investments.”
The findings were based on responses from 759 real estate companies and investment funds, representing more than 66,000 assets across 63 countries with a combined value of $2.8 trillion. In 2016, 18 debt funds participated in the GRESB assessment.
Closer to home, WGL Energy Services, Inc. (WGL Energy) can help large commercial real estate customers manage their carbon footprints. Carbon Offsets from WGL Energy are an affordable and innovative way to reduce your carbon footprint, implement sustainable business practices, and support cleaner air and water in our region.
A carbon offset represents a reduction of greenhouse gas emissions made in one place to compensate for emissions created in another place. Large commercial Carbon Offsets from WGL Energy are Green-e® Climate certified and derived from verified carbon reduction projects in the waste management sector, which capture and destroy methane from regional landfills. For more information about the projects supported, click here.
Our energy market experts will work with you to customize a carbon offset plan that meets your sustainability objectives. You can choose to match any portion of your natural gas usage with carbon offsets, or offset the environmental impact of other activities such as business travel, conferences and events. After your purchase, you'll have access to marketing materials that can be used to increase the visibility of your environmental commitment.
Schedule an appointment with your account manager to learn more about ways to reduce your carbon footprint. Or, visit the carbon reduction page for large commercial customers on our website at www.wglenergy.com.
1 Borchersen-Kito, S. (2016, September 8). GRESB Data Shows Broad Improvement in Real Estate ESG Performance. Retrieved September 15, 2016, from https://www.reit.com/news/articles/gresb-data-shows-broad-improvement-real-estate-esg-performance