Case study: The challenge of sustainability in real estate

Buildings account for nearly 40 per cent of energy-related carbon dioxide emissions, according to UNEP’s 2020 Global Status Report. The ecological footprint becomes even bigger when you consider how much water and raw materials are used. The long-term impact investors can have on improving buildings’ ecological footprint can be huge. This session examined investors’ role and outlines the importance of a common measurement framework. Click here to view Zsolt’s slides[vc_quotes layout=”accordion” quotes=”%5B%7B%22name%22%3A%22Zsolt%20Kohalmi%20%22%2C%22job_role%22%3A%22Global%20head%20of%20real%20estate%20and%20co-CEO%20Pictet%20Alternative%20Advisors%20(Geneva)%22%2C%22content%22%3A%22Zsolt%20Kohalmi%20is%20Global%20Head%20of%20Real%20Estate%20and%20co-CEO%20of%20Pictet%20Alternative%20Advisors%2C%20the%20alternatives%20investments%20arm%20of%20the%20Pictet%20Group.%20Zsolt%20brings%2026%20years%20of%20pan-European%20investment%20experience%20and%20has%20invested%20in%20excess%20of%20%2420%20billion%20into%20all%20real%20estate%20asset%20classes%20in%20more%20than%2020%20European%20countries%20throughout%20several%20investment%20cycles.%5CnPreviously%20he%20was%20Managing%20Director%20and%20Head%20of%20European%20Acquisitions%20at%20Starwood%20Capital%20Group%2C%20one%20of%20the%20top%203%20firms%20in%20global%20private%20equity%20real%20estate.%20At%20Starwood%2C%20he%20was%20instrumental%20in%20sourcing%20and%20executing%20a%20number%20of%20successful%20investments%20for%20Starwood%20Capital%E2%80%99s%20commercial%2C%20hospitality%20and%20debt%20platforms.%20Starwood%20was%20twice%20(2013%2C%202015)%20voted%20The%20European%20Private%20Equity%20Real%20Estate%20Firm%20of%20the%20year%20by%20its%20peers%20(PERE%20magazine)%20during%20his%20tenure.%20Prior%20to%20joining%20Starwood%20Capital%20in%202013%2C%20Zsolt%20was%20Chief%20Investment%20Officer%20at%20Meyer%20Bergman%20for%208%20years%2C%20a%20European%20real%20estate%20investment%20firm%20that%20he%20co-founded.%20Before%20that%20he%20was%20a%20Director%20at%20GE%20Capital%2C%20where%20he%20acquired%20financial%20platforms%20as%20well%20as%20loan%20portfolios%20across%20Europe.%20Zsolt%20previously%20worked%20in%20investment%20banking%20with%20ABN%20AMRO%20Hoare%20Govett.%5CnZsolt%2C%20who%20is%20fluent%20in%20nine%20languages%2C%20holds%20an%20M.S.%20degree%20in%20economics%20from%20the%20University%20of%20Budapest%20and%20an%20MBA%20from%20INSEAD.%22%2C%22image%22%3A%2245812%22%2C%22linkedin%22%3A%22https%3A%2F%2Fwww.linkedin.com%2Fin%2Fzsolt-kohalmi-9684%2F%22%7D%5D” title=”Speaker” el_class=””][vc_quotes layout=”accordion” quotes=”%5B%7B%22name%22%3A%22Colin%20Tate%20AM%20%22%2C%22job_role%22%3A%22Chief%20executive%2C%20Conexus%20Financial%20(Australia)%22%2C%22content%22%3A%22Tate%20has%20been%20an%20investment%20industry%20media%20publisher%20and%20conference%20producer%20since%201996.%20In%20his%20media%20career%2C%20Tate%20has%20launched%20and%20overseen%20dozens%20of%20print%20and%20electronic%20publications.%20He%20is%20the%20chief%20executive%20and%20major%20shareholder%20of%20Conexus%20Financial%2C%20which%20was%20established%20in%202005%2C%20and%20is%20headquartered%20in%20Sydney%2C%20Australia.%20%5Cn%5CnThe%20company%20hosts%20more%20than%2020%20conferences%20and%20events%20globally%20each%20year%20and%20publishes%20three%20digital%20publications%2C%20including%20the%20global%20website%20and%20strategy%20newsletter%20for%20global%20institutional%20investors%E2%80%AFTop1000Funds.com%2C%20Professional%20Planner%20for%20financial%20planners%2C%20accountants%20and%20private%20bankers%20in%20Australia%20and%20Investment%20Magazine%20for%20Australian%20superfunds%20and%20institutional%20investors.%20One%20of%20the%20company%E2%80%99s%20signature%20events%20is%20the%20bi-annual%20Fiduciary%20Investors%20Symposium%20attended%20by%20global%20asset%20owners%20and%20hosted%20in%20the%20Americas%20and%20Europe.%20%5Cn%5CnConexus%20Financial%E2%80%99s%20events%20aim%20to%20place%20the%20responsibilities%20of%20investors%20in%20wider%20societal%20and%20political%20contexts%2C%20as%20well%20as%20promote%20the%20long-term%20stability%20of%20markets%20and%20sustainable%20retirement%20incomes.%20%5Cn%5CnTate%20served%20for%20seven%20years%20on%20the%20board%20of%20Australia%E2%80%99s%20most%20high%20profile%20homeless%20charity%2C%20The%20Wayside%20Chapel%3B%20and%20he%20has%20underwritten%20the%20welfare%20of%2060%2C000%20people%20in%2028%20villages%20throughout%20Uganda%20via%20The%20Hunger%20Project.%20In%202021%20was%20appointed%20as%20a%20Member%20(AM)%20of%20the%20Order%20of%20Australia%20(General%20Division)%20for%20significant%20service%20to%20the%20community%20through%20charitable%20initiatives.%20%22%2C%22image%22%3A%2245799%22%2C%22linkedin%22%3A%22https%3A%2F%2Fwww.linkedin.com%2Fin%2Fcolin-tate-839a5a181%2F%3ForiginalSubdomain%3Dau%22%7D%5D” title=”Moderator” el_class=””][vc_quotes layout=”accordion” quotes=”%5B%7B%22name%22%3A%22Karen%20Lockridge%22%2C%22job_role%22%3A%22Director%2C%20ESG%20investing%2C%20Canada%20Post%20Corporation%20Pension%20Plan%20(Canada)%22%2C%22content%22%3A%22%22%2C%22image%22%3A%2246328%22%2C%22linkedin%22%3A%22https%3A%2F%2Fwww.linkedin.com%2Fin%2Fkaren-lockridge-7810867%2F%22%7D%5D” title=”Investor Response” el_class=””][vc_empty_space height=”10px”]

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Poll results

As a result of the pandemic, are you positive or negative about real estate? [vc_line_chart x_values=”” values=”%5B%7B%22title%22%3A%22I%20think%20the%20pandemic%20will%20bring%20more%20opportunities%22%2C%22y_values%22%3A%2230%22%2C%22color%22%3A%22blue%22%7D%2C%7B%22title%22%3A%22I%20think%20work%20from%20home%20and%20change%20of%20habits%20will%20negatively%20impact%20the%20industry%22%2C%22y_values%22%3A%2248%22%2C%22color%22%3A%22pink%22%7D%2C%7B%22title%22%3A%22I%20have%20no%20opinion%20%2F%20I%E2%80%99m%20neutral%22%2C%22y_values%22%3A%2222%22%2C%22color%22%3A%22sandy-brown%22%7D%5D”] Do you believe in being able to achieve net zero in your own real estate portfolio? [vc_line_chart x_values=”” values=”%5B%7B%22title%22%3A%22Yes%2C%20we%20are%20on%20the%20right%20track%20to%20net%20zero%20in%20our%20real%20estate%20portfolio%22%2C%22y_values%22%3A%2215%22%2C%22color%22%3A%22blue%22%7D%2C%7B%22title%22%3A%22No%2C%20this%20asset%20class%20is%20too%20complex%20to%20ever%20reach%20net%20zero%22%2C%22y_values%22%3A%2244%22%2C%22color%22%3A%22pink%22%7D%2C%7B%22title%22%3A%22Not%20sure%22%2C%22y_values%22%3A%2240%22%2C%22color%22%3A%22sandy-brown%22%7D%5D”]

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America’s net zero opportunity

America’s net zero opportunity

Research from Princeton University plots a Blueprint for how the US can achieve net zero emissions in the next decade showing the key is overcoming execution challenges including the infrastructure deployment and the mobilisation of capital and labour.

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