Committed to decarbonise real estate
The real estate sector urgently needs better ways to construct and operate buildings, and we are committed to lead and accelerate the way towards a carbon neutral sector. We pledge to decarbonise our real estate portfolio already by 2028 – encompassing both operational and embodied carbon.
Sustainability report
The Covid-19 crisis highlighted several of the challenges that we at NREP seek to address. We also saw the crisis act as a catalyst for us, our value-chain partners and other stakeholders to re-examine what we can do to contribute to a more inclusive and sustainable built environment.
Provide more people more economical and fulfilling ways of living
Address underserved needs with customer-friendly and community-centric products. (SDG 11.3, 11.6, 11.7)
Build environments that support physical, social and mental health. (SDG 3.4)
Decrease carbon and resource footprint
Innovate and optimise building design and materials. (SDG 12.2, 12.5, 12.8, 15.5, 15.A)
Ensure energy efficiency and increase renewables. (SDG 7.2, 7.3, 7.A)
Resilient strong long-term value and returns
Address systemic challenges.
Apply full life cycle economics and long-term approach to create better solutions.
How does NREP make a difference?
When we ask ourselves how we contribute to our impact goals, we are seeking to understand our contributions to outcomes that would not have happened otherwise. Moving from ambitions to actions, NREP contributes to impact in three main ways:
• Identifying underserved systemic challenges and funding real estate addressing those challenges
• Innovation to introduce better solutions to the market and build better capabilities
• Put in the resources and operational excellence required to create outcomes that otherwise would not have happened
Task Force on Climate-related Financial Disclosures
In consideration of the real estate industry’s significant contribution to greenhouse gas emissions, our primary environmental sustainability objective is to decrease the embodied and operational carbon footprint of our buildings and play a forceful pro-active role to support the real estate industry’s progress at large in this regard. Complementing our climate change mitigation actions, NREP recognises the need for risk identification and risk adaptation with regards to the projected potential impacts of physical and transition risks on our properties.
We have established a road map to gradually improve our mitigation, adaptation and resilience measures to climate related risks and provide reporting in line with the recommendations of the Task Force on Climate-related Financial Disclosures (“TCFD”) by 2023.
Project examples
Geothermal pilot
Pioneering zero emission heating Read more hereGeothermal pilot
Pioneering zero emission heating Read more here
Resource Rows
Turning waste into new homes Read more hereResource Rows
Turning waste into new homes Read more here
Upcycle Studios
Taking upcycling to the extreme Read more hereUpcycle Studios
Taking upcycling to the extreme Read more here