Fund Solutions

Nuveen Unveils Real Estate Carbon Reduction Strategy

Global asset manager Nuveen has launched an Article 9 SFDR-compliant Global Real Estate Carbon Reduction strategy. The strategy is focused on lessening global carbon emissions through investment in listed real estate firms that have either achieved carbon neutrality, or have a target to or track record of reducing greenhouse gas emissions in a manner that is aligned with the Paris Agreement. The firm manages more than US$151 billion across private real estate and has committed to achieving net zero carbon across its private real estate portfolio by 2040. Nuveen cites the durability of real estate combined with increasing interest in carbon reduction solutions as potentially offering a long runway for future growth within carbon-aware real estate securities. Ben Kerl, Portfolio Manager and Head of Listed Real Estate Investments at Nuveen, said: “Buildings are thought to be responsible for approximately 40% of global carbon emissions, a figure we believe could be hugely reduced by implementing creative plans to reduce emissions. We are excited to offer this strategy to our clients, who are increasingly looking for portfolio diversification away from traditional equity and fixed income asset classes against a backdrop of challenging market conditions.” 

 

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