Ventas, Inc. has committed to achieve net-zero operational carbon emissions by 2040. The new pledge exceeds the company’s existing Science-Based Target initiative (SBTi) verified carbon reduction goal, adopted in 2021, to decrease absolute carbon emissions by 30% by 2030.
The company’s strategy to achieve operational carbon neutrality includes three primary components: energy efficiency, renewable energy and electrification. These will be implemented in the office and Senior Housing Operating portfolios whose building emissions comprise the Chicago-based healthcare REIT’s operational carbon footprint:
“Ventas recognizes the imperative need to take significant actions toward decarbonization and is dedicated to a well-conceived and rigorously executed approach to achieving operational net-zero carbon emissions,” said Debra A. Cafaro, Ventas chairman and CEO. “Our net-zero goal continues our leadership in sustainability and builds on our track record of achievements and commitments to date, starting with our ongoing investments in energy efficiency and our SBTi-validated emissions reduction target.”
Pictured: Ventas’ Sunrise of Lincoln Park senior housing facility in Chicago.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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