QuadReal Property Group, the Vancouver-based real estate arm of the British Columbia Investment Management Corp.—with $67B of AUM globally—is speeding up its plans to decarbonize the buildings in its Canadian portfolio.
QuadReal has announced a goal of achieving a 50% reduction in carbon emissions in the portfolio by 2030. The company aims to achieve net-zero emissions in its Canadian holdings by 2040, and across its entire global portfolio by 2050.
QuadReal is beginning a series of "carbon audits" tied to a target to have property-level transition plans in place for its global portfolio by 2025.
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