The Janus Henderson UK Property PAIF is committing to become operationally net zero carbon across its portfolio by 2030.
Fund manager Ainslie McLennan said: “The fund is committing to become operationally net zero carbon across its portfolio by 2030. In practice this means that the fund will achieve an average energy use intensity across the portfolio in line with the targets set by the UK Green Building Council.
“This will apply to buildings owned by the portfolio in 2030 excluding those owned for less than three years. Residual landlord electricity consumption is to be provided by a renewable power purchase agreement. The fund’s renewable energy agreement will also be offered to all tenants. Carbon offsets will be purchased for all residual gas consumption.
“Our further commitment is that by 2035, all buildings that have been owned by the fund for more than five years will meet the net zero carbon definition as set by the UK Green Building Council. This will apply to all operational energy use within the buildings owned by the fund, including that directly procured by tenants. In order to achieve this goal, the fund’s investment team will need to work closely with tenants to establish net zero carbon plans for the assets that they occupy. It will also be necessary to monitor tenant consumption in order to ratify progress.”
The fund has some 68 properties with a portfolio value of £1.6bn.
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