Irish real estate investor Hibernia REIT has started to lay out its plans to become a net-zero-carbon business during the next decade.
Chief executive Kevin Nowlan said the company’s new plans ensure sustainability “is at the centre of our strategy to provide the best buildings for tenants, and our ambition is to be the most sustainable property company in Ireland”.
The company’s “Transforming Dublin Responsibly” statement sets out three sustainability goals for the REIT: becoming a net-zero carbon and climate-resilient business by 2030; prioritising the environment, health and wellbeing in its assets; and creating long-term positive social impact.
Hibernia has committed to cutting overall carbon emissions by 30% and operational carbon emissions by 40% by 2030, against a 2019 baseline, with the publication of a Net Zero Carbon Pathway due in the coming months.
Pat Barry, chief executive of the Irish Green Building Council, said: “Reducing the environmental impact of buildings across their entire life cycle is critical in addressing climate change. I welcome Hibernia’s commitment to achieving net zero by 2030, and more specifically their ambition to reduce embodied carbon in future developments and increase on-site renewable energy production.”
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