The Race to Zero: Investa achieves net zero scope 1 and 2 emissions

Investa today announced a significant milestone: its core managed buildings and its managed funds, including Investa Commercial Property Fund (ICPF) and Investa Gateway Offices (IGO)¹, have achieved net zero across scope 1 and 2 emissions².

The milestone was achieved ahead of Investa’s 2025 target. Originally, the company set its net zero scope 1 and 2 emissions targets in 2018 with a 2040 ambition. However, in 2022, these targets were revised and accelerated to 2025.

Margot Black, General Manager, Corporate Sustainability at Investa, says: “We’re thrilled to achieve this milestone, which is the result of the implementation of our net zero pathway. This included enhancing the energy efficiency of our buildings, sourcing 100% renewable electricity for base building operations, developing decarbonisation plans for all managed properties, and offsetting residual carbon through the New Leaf project by the Tasman Land Conservancy, a certified nature-based Australian Carbon Credit Unit project.”

The CSIRO and Bureau of Meteorology State of the Climate Report 2024³ recently identified Australia’s weather and climate has continued to change, with an increase in extreme heat events, longer fire seasons, more intense heavy rainfall, and rising sea levels.

“Reaching our net zero scope 1 and 2 emissions milestone demonstrates that business can – and must – play a lead role in helping Australia deliver ambitious targets to reduce the country’s emissions. We recognise we still have work to do in decarbonising our managed buildings and addressing our material scope 3 emissions. We will continue to engage and work with our investors, occupiers and supply chain towards a net zero future”, says Margot.

Further building on the company’s net zero emissions achievement, Investa is currently seeking Climate Active certification. Climate Active certification is achieved by first reducing emissions from the business, then compensating the remaining emissions using carbon offsets, and finally publicly reporting on carbon neutrality.

For more information about Investa’s commitment to net zero, visit ESG Sustainability - Investa.

Footnotes:

• Scope 1 emissions are direct emissions from owned or controlled sources, such as gas, diesel and refrigerants.
• Scope 2 emissions are indirect emissions from the generation of purchased or acquired electricity, steam, heating, or cooling consumed by the reporting company.
• Scope 3 emissions are all indirect emissions (not included in scope 2) that occur in the value chain of the reporting company, including both upstream and downstream emissions.