Sustainability Report
Investing in the climate transition
Real Estate Carbon
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Everyone at Ardian Real Estate is committed to making a meaningful difference to the future of cities across Europe. The way people live and work in urban areas will evolve as we address climate change and seek better social outcomes. Rethinking the way buildings are designed and operate is a vital part of this process.
”100%
OF ASSETS IN THE CURRENT REAL ESTATE PORTFOLIO HAVE A DECARBONIZATION TRAJECTORY
Ardian Real Estate began the next phase of its sustainability strategy during 2021, setting out a mission for the team inspired by Ardian’s statement of purpose – being personally committed to developing buildings that last. The refreshed strategy has two key priorities: the environment and people.
The vast majority of the improvement in environmental performance of real estate assets necessary to reach Net Zero will be achieved by upgrading existing buildings to make them more energy efficient. Major refurbishment projects of this sort are fundamental to our Core Plus/Value Add investment strategy for Real Estate. We have now developed detailed decarbonization pathways for each property in our portfolio in line with the Carbon Risk Real Estate Methodology (CRREM).
Our individual plans plot GHG emissions trajectories for each asset over the decades until 2050, showing how individual modifications such as upgrading heating and ventilation systems, installing lighting sensors, improving insulation and airtightness, and adding solar panels contribute towards the overall reduction target.
Since Ardian Real Estate was launched in 2015, we have improved the sustainability performance of our portfolio of city offices every year to date and have BREEAM certification for all our buildings. We have also achieved a UN PRI A+ rating for our ESG practices for the past two years.
Under our people agenda, we are also incorporating plans to deliver wider social benefits as part of every refurbishment project we undertake. We want the buildings we create to attract people into the city districts where they are located and help their occupiers to attract talented employees to join their companies, thanks to the premium working environments they provide.
We also believe our properties should enrich the communities around them and help to create vibrant cities of the future. To ensure we succeed in this aim, we will engage continuously with the people who use our buildings, their local communities and the city authorities.
In pursuing this strategy, we aim to make Ardian Real Estate a recognized specialist in transforming buildings to help create more sustainable cities.