Acadia Realty Trust (NYSE:NYSE:AKR) Q1 2022 Earnings Conference Call May 3, 2022, 11:00 AM ET Company Participants Rielle Green - Director of ESG Ken Bernstein - President and CEO John.
Both tenants and investors are increasingly focusing on office building’s carbon footprints when considering new deals.
As the push to become carbon neutral accelerates globally, there is increasing pressure on office building owners to implement changes to accommodate those goals, including by making their buildings more energy efficient, using sustainable building materials, reducing waste and improving water systems. Some 105 big companies, including Amazon, Microsoft, Unilever, and BlackRock among others, have pledged to be carbon neutral by 2040, with additional firms promising to reduce carbon emissions by 2030. More than 100 countries, including the U.S., have pledged to become carbon neutral by 2050.