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Grosvenor Launches North American Net Zero Carbon Pathway
Grosvenor, an international property owner and developer with U.S. headquarters in San Francisco, has launched its Pathway to Net Zero, a reductions-first approach to help the company achieve a projected 42% decrease in carbon emissions by 2030 and reach Net Zero by 2050. The North American Net Zero Carbon Pathway directly supports Grosvenor’s global push to reduce carbon emissions in line with limiting global warming to 1.5°C.
The company’s North American Net Zero Pathway encompasses numerous activities designed to help the company deliver on the ambitions of Grosvenor’s carbon commitment to achieve the projected reduction in overall carbon emissions across its portfolio by 2030. Actions include:
- Deploying renewable, clean energy solutions to its buildings, including solar, wind and other energy saving technologies;
- Using more green building materials and innovative technologies during construction and capital improvement projects;
- Utilizing ultra-energy-efficient lighting, windows, and HVAC systems; and
- Developing programs to encourage its tenants and suppliers to reduce emissions.
“Our Pathway establishes an ambitious objective that reflects our long-term focus on responsible ownership and development of our properties,” said Steve O’Connell, CEO of Grosvenor’s North American urban property business. “Through lowering the carbon intensity of our properties, reducing the environmental impacts from our development activities, creating programs to help our tenants and suppliers reduce emissions, and establishing a carbon-focused corporate culture, we’re confident in our ability to support a climate resilient future while improving our portfolio value.”
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