CBRE Spain and real estate investment and asset management firm Azora have joined forces to boost the development of European companies specialising in the decarbonisation of real estate.
The partners have launched the Climate Solutions Challenge, a competition set to identify a project addressing the impact of the built environment on climate change. The project will be funded by Azora and developed by both partners. Applications will be accepted until 11 December.
CBRE and Azora are looking to provide support for companies across the lower middle market in Europe that respond to key urban or energy challenges within the real estate sector through solutions such as energy efficiency, the use of renewable energy, waste management, sustainable mobility in urban areas and smart building software.
Patricia García de Ponga, head of ESG at CBRE Spain, said: “The incorporation of ESG factors into investment decisions is growing. At CBRE, we have demonstrated the correlation between investments in sustainability and the creation of value in assets, and with the Climate Solutions Challenge we hope to identify more innovative formulas with which to accelerate decarbonisation and achieve a much more sustainable real estate sector.”
Click here for more details on the Climate Solutions Challenge
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