Property

Real estate, through its construction, use and demolition, is responsible for around 30–40% of global carbon dioxide emissions. The Intergovernmental Panel on Climate Change identified buildings as offering the most significant opportunity for cost-effective emissions reductions worldwide.

Responsible Property Investment (RPI) is an approach to property investing that recognises these environmental considerations. It also explores social and governance considerations alongside financial objectives. It goes beyond minimum legal requirements to improve the environmental or social performance of a property.

About the work stream

The work stream has been working with UNEP FI’s Property Working Group (PWG) since 2007 to explore how the Principles apply to property investment and management practices.

The PRI is working with GRESB (Global Real Estate Sustainability Benchmark) to improve the quality and consistency of reporting by investors and companies active in the global real estate sector. GRESB and the PRI have worked together to develop alignment and help reduce the reporting burden for organisations in this area. Click here to read the joint letter of support between GRESB and the PRI.