Energy Efficiency, GHG Emissions - December 9, 2021
The Dream Companies Set 2035 Net Zero Goal
The Dream group of companies set a net zero GHG emissions goal of 2035 as part of its 2020-2021 Sustainability Report that includes its plans for Environmental, Social and Governance, and impact investing.
“At Dream, we have always embraced impact investing and sustainability,” said Michael Cooper, chief responsible officer of Dream Unlimited in a statement. “Our mission is to create positive environmental and social results, alongside strong financial returns. We have accomplished a lot since our last report and are pleased to share our progress and hold ourselves accountable, as we continue to integrate sustainability across Dream.”
The highlights of the report include the following:
- New net zero (GHG) emissions goals: Dream Unlimited, Dream Impact and Dream Office are committing to net zero Scope 1 and 2 and select Scope 3 GHG emissions (operational and development) by 2035, and Dream Industrial is committing to net zero Scope 1 and 2 GHG emissions (operational) by 2035 and net zero select Scope 3 GHG emissions (operational and development) by 2050,
- Dream Unlimited, on behalf of the Dream group of companies, joined the Net Zero Asset Managers Initiative, which represents asset managers around the world aligned with net zero GHG emissions targets of 2050 or sooner,
- Dream Unlimited, on behalf of the Dream group of companies, has signed onto the United Nation’s Principles for Responsible Investment – an international network of investors working together to implement six key principles to ensure a sustainable global financial system,
- The Dream group of companies becoming official supporters of the Task Force on Climate-Related Financial Disclosures and
- The adoption of a new ESG framework, which has collective and entity-specific targets for embedding sustainability across the organizations.
The Sustainability Report includes references to the Global Reporting Initiative (GRI) Standards, the Sustainability Accounting Standards Board (SASB) real estate standard, as well as addresses some of the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).