Your lawyers since 1722

#NZCBCommitment News Roundup: May

17 May 2023


Net Zero Carbon Buildings Commitment signatories are taking accelerated action to decarbonise their portfolios and the built environment, today. Read more on their latest Advancing Net Zero developments below.


IPUT celebrates its sustainability journey

Read IPUT’s Commitment profile here.

IPUT is Dublin’s leading property investment company and manages a portfolio of around 90 assets. The business’s fund has a 55-year track record in Ireland and is the largest ower of office and logistics assets in the country. The business is also a socially and environmentally conscious investor with an unrivalled reputation for delivering the highest standards of design and placemaking. 

IPUT’s 2022 Sustainability Report showcased the company’s achievements over the last year, which included IPUT’s GRESB (Government Employees Superannuation Board) ratings that puts the company in the top 20% of real estate developers globally. The business achieved a 28% reduction in its energy use intensity (EUI) against the 2019 baseline. 

The business is committed to reducing its embodied carbon intensity across all developments in order to meet its 2030 net zero carbon emissions goal. Read the full report here.


Arup and IPUT collaborate to deliver a sustainable city quarter in Dublin

Read Arup’s Commitment profile here. 

To keep up with ever changing trends in the way we work and live, organisations have had to consider new ways of designing work spaces that are relevant to the future needs of workers. Arup and IPUT teamed up to create an inclusive, vibrant and sustainable district at Wilton Park in Dublin. 

Sustainability is at the heart of this new development which will stretch from Baggot Street Bridge towards Leeson Street Bridge along the Grand Canal in the heart of the city. The development centres on a restored one-acre historic park, comprising a mixture of private office and commercial spaces including new cafés, restaurants and retail facilities around a new public square.

Arup and IPUT have ensured that sustainable design principles and digital solutions have been incorporated to ensure the highest standards of energy efficiency. This development is targeting LEED Platinum, WiredScore Platinum and a Building Rating (BER) of A3. 


British Land secures planning for 120,000 sq ft net zero facility

Read British Land’s Commitment profile here. 

The demand for faster deliveries post-pandemic has caused city centres to be congested and become carbon emission hot spots. British Land has secured planning approval for an ultra-low carbon logistics hub at 5 Kingdom Street, Paddington Central. The 121,000 sq ft facility will provide inbound access to HGVs with outbound deliveries via smaller electric vehicles and electric cargo bikes.

This new development will serve the whole of Westminster and remove around 100 large vans from the Borough’s roads every day. This will reduce annual carbon emissions by 90% and the hub is expected to save three times the carbon absorbed by all the trees in Hyde Park. This new project will also create over 500 new jobs and training opportunities. 

British Land is committed to creating sustainable environments for everyone and the business has submitted planning applications for 1.6m sq ft of potential urban logistics space. 


Kojamo plc is creating better urban living sustainably 

Read Kojamo plc’s Commitment profile here. 

Kojamo is Finland’s frontrunner in rental housing and builds sustainable urban living areas. The business has committed to achieving carbon neutral energy consumption by 2030. Kojamo recently released its 2022 Annual Report that showcases its continued progress to create sustainable environments for everyone, everywhere. 

Kojamo’s goal of carbon neutral energy consumption is guided by a roadmap that sets out annual targets. By working diligently, the business has stated that it can increase the energy efficiency of its energy consumption by 7.5% by 2025. Another notable achievement is that apartment-specific carbon footprints, which is a key sustainability indicator for Kojamo, decreased for the fourth consecutive year. 

In 2022, Kojamo also launched new services that enable the residents of Lumo homes to lead a sustainable lifestyle: a carbon footprint test and a new zero carbon heating service.


Evora Global releases the latest IRIS survey

Read Evora Global’s Commitment profile here. 

Evora Global’s 2021 Insights Into Real Estate Investment Sustainability (IRIS) survey returned insightful feedback and in 2022, Evora Global extended the survey to a wider geography. The results show that real estate investors are responsible for $3.3tn AUM. This equates to about one-third of all professionally managed real estate investments globally.

Some of the key findings from the 2022 survey are: 

  • 65% of survey respondents said that the effects of regulations is being felt at multiple levels 
  • 86% of the investors who were surveyed allocate capital in Europe, 30% in North America and 23% in Asia
  • 67% of large investors have an internal carbon price or are planning to introduce one, but 58% of small investors say they will not follow this leadership unless it is a legal requirement. Almost half of large investors are buying or developing carbon credits to offset emissions from their investments.


Grab has been scaling impact and empowering change for a decade

Read Grab’s Commitment profile here. 

Grab is passionate about fostering a lasting planet in order to help mitigate environmental hazards like climate change. The business understands that the impacts of climate change not only impacts work and business opportunities but also threatens lives. Grab believes that businesses thrive when communities thrive. 

Grab’s mission is clear: drive Southeast Asia forward by creating economic empowerment for everyone. Grab is are a triple bottom line company that believes what is good for its community of consumers, driver- and merchant partners, and the environment, is good for business. But what has this business achieved in the last ten years? 

  • 48,000 tonnes of Greenhouse Gas (GHG) emissions reduced through zero emission transportation modes (walkers, cyclists), low emision rental vehicles (EV/hybrids) and efficiency optimisation
  • 200,000 trees planted and 30,000 carbon credits directed to protect and conserve forests across Southeast Asia 
  • 100% of the electricity used in Grab’s global corporate offices is powered by renewable energy since 2021
  • 8,100 tonnes of waste has been diverted from landfills — including 898 million sets of single use cutlery 


The image used in this News Story was supplied by IPUT. 


Find out more about the Net Zero Carbon Buildings Commitment here.