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”]
As a result of the pandemic, are you positive or negative about real estate?
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Do you believe in being able to achieve net zero in your own real estate portfolio?
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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.
A joint report by the International Energy Agency and the Centre for Climate Finance & Investment at Imperial College examines the risk and return proposition in energy transitions. It looks at publicly traded renewable power and fossil fuel companies in advanced and developing economies calculating the total return and annualized volatility of these portfolios over 5 and 10-year periods.
Achieving carbon neutrality by 2060 will require radical changes. Formidable challenges lie ahead, but also investment opportunities with renewables, electric vehicles and energy storage set to benefit.
The challenge for infrastructure asset managers to achieve Net Zero by 2050 is immense. It requires detailed strategic planning, clear interim targets, critical investment, transparent insight and regular reporting, as well as strong leadership and clear governance frameworks.
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