Real estate is a key component in the equation to solve climate change, as 20% of all emissions and 40% of all energy use can be associated with that sector. McKinsey’s widely regarded study on paths to a low-carbon economy shows that real estate related investments such as residential electronics, appliances, HVAC retrofit, LED lighting and insulation retrofit are all abatement measures that generate positive financial returns because of the future cost-savings, and are therefore the easiest to push forward on.
Simon Properties is a publicly listed REIT that provides regular reporting on its sustainability efforts and performance. Simon not only focuses on the environmental aspect of its operations, but also focuses on enhancing the community building nature of its properties. Examples of the various efforts in place include:
- Implemented LED retrofits at properties across the US
- Installed 440 electric vehicle charging stations at over 90 properties across the US
- 100% of malls engage in local community engagement activities
Simon Properties has set measurable and time-bound goals to improve its efficiency in terms of GHG (Greenhouse Gas) emissions, energy use, water use and recycling.
More information on Simon Properties’ sustainability efforts can be found here.
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This is not an offer to sell any type of security, and there is no investment currently available through Abacus, which would allow someone to invest in funds mentioned in the above article. Abacus Wealth Partners is the General Partner of Abacus Impact Fund 2013, LP, a fund of funds that ultimately has an interest in funds mentioned in the above article. The information presented in the “Sustainability Profile” is to provide additional qualitative reporting to Abacus clients who own Abacus Impact Fund 2013, LP, as well as to help educate Abacus clients about impact investing.
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