Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, announces an expansion of its ESG efforts through a commitment to become a net zero carbon business by 2050. Orchard Street will publish a 2030 net zero carbon transition strategy in 2021 and is beginning the net zero carbon journey immediately by targeting a 25% reduction in occupier carbon intensity by 2025. Occupier carbon emissions represent over 90% of the business’ total carbon footprint.
The commitments were announced in Orchard Street’s annual 2020 Responsible Investment Report, alongside an ambitious range of targets aligned to the UN Sustainable Development Goals, including measuring and reporting the value generated by Responsible Investment and using climate change scenario analysis completed in 2020 to further improve risk management for clients.
You can now read the full press release at the link below