IPUT Real Estate is committed to responsible investment and has set a net zero carbon target for 2030. Our emissions reduction targets have now been validated by the Science Based Targets initiative (SBTi) as consistent with the Paris Agreement and to limit global warming to 1.5°C .
The SBTi is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the Worldwide Fund for Nature (WWF) which defines and promotes best practice in science-based target setting and independently assesses companies’ targets.
SBTi validation is a further step in IPUT’s commitment to be at the forefront of environmental responsibility in the real estate sector. It builds on the 4 and 5 Star GRESB ratings for investments and developments [respectively] received in 2021.
IPUT Chief Executive, Niall Gaffney, commented:
We are committed to a leadership role in our industry and have placed responsible investment at the core of our strategy. In 2021, we launched our net zero pathway and were awarded a 5 Star GRESB rating for our development projects. Validation of our targets by SBTi is a further step in ensuring we remain at the forefront of change.
A central part of our journey to net zero is our ‘build to core’ development projects in offices and logistics which adopt the most advanced, green credentials in the market. Our most recent commitment is to build Ireland’s most sustainable office building at Northwall Quay. This follows other sustainably focused office developments at Wilton Park and the Tropical Fruit Warehouse; and in logistics at Aerodrome Business Park and Quantum Distribution Park.