Global Commitment for Net Zero Carbon Buildings

Many of Australia’s top ASX listed companies have risen to the challenge and committed to to reach Net Zero operating emissions in their portfolios by 2030, and to advocate for all buildings to be Net Zero in operation by 2050. Hear from them why they signed on:

AMP Capital Wholesale Office Fund (AWOF)

"AMP Capital Wholesale Office Fund (AWOF) is pleased to be a founding signatory of the World Green Building Council Net Zero Carbon Building Commitment. AMP Capital, is a responsible global investment firm and this is another important step that we, along with other leading global organisations, are proud to take to demonstrate our commitment to driving action on climate change.

We are seeing increasing investor interest in climate change and sustainability issues, many who have their own sustainability commitments and expect AMP Capital to act to minimise their exposure to carbon risk. This aligns with our purpose in AMP Capital Real Estate which is to shape a better future, and one of our core values which is to expect courageous long-term thinking.

In 2017, AWOF made a public commitment to be Zero Net Carbon across the portfolio by 2030 (for Scope 1 & Scope 2 emissions), and we have developed a zero carbon pathway charting a trajectory of energy efficiency improvements and renewable energy procurement that will see us achieve the target of 70,000 tonnes of CO2 emissions abatement." 

- Nicholas McGrath, Fund Manager, AMP Capital Wholesale Office Fund.

Frasers Property Australia

“As a major property group, we feel a degree of responsibility to join the Global Commitment for Net Zero Carbon Buildings and to be part of the solution. We’re not only actively striving to reach net zero emissions in our own developments, we want to maintain a leadership role in encouraging the broader industry to accept the challenge too.

It is paramount we increase the pace of change in Australia to ensure we meet our international climate change obligations. To get there, we need to keep investigating different ways to do things. At Frasers Property, we’re focusing on the key planks of low carbon buildings: energy efficiency, renewable energy, passive design and offsets.

We are continuing to introduce innovations such as embedded energy networks, use of certified carbon neutral energy in the building and operational phases of our projects, and understanding the potential for prefabricated and modular construction to deliver improved sustainability outcomes, just to name a few. 

We have enjoyed a strong relationship the Green Building Council of Australia for many years and the Global Commitment for Net Zero Carbon Buildings is a meaningful way for us to continue to grow this relationship though aligned goals.”

- Rod Fehring, Chief Executive Officer, Frasers Property Australia.

Multiplex

"Research has shown that making the built environment more efficient is the lowest cost way to reduce carbon emissions and impact climate change. Over the years Multiplex has invested heavily in understanding how we can use better design methods and construction materials to reduce the industry's contribution to carbon emissions, and improve the operational performance of our buildings and the people that use them.

As well as committing to net zero carbon for the buildings we own and occupy, this pledge signifies our commitment to continuing to advocate for better design and delivery practices across our industry.”

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