IMMOFINANZ to reach emission-free status by 2040

IMMOFINANZ reveals its new Net Zero Emission Strategy. Plans call for a reduction of 60 percent (below the 2019 level) in all greenhouse gas emissions by 2030 – and by 2040, the commercial real estate company intends to be emission-free along the entire value chain.

“The acute climate crisis and the related ecological impact are the most pressing challenges of our time, and we are all called on to act. We have therefore set an ambitious goal to become emission-free in all areas of our company by 2040. That reflects our commitment to accept responsibility for mankind and our environment as well as our intention to play a leading role in the sustainable transformation of our industry”, said Dietmar Reindl, COO of IMMOFINANZ, on the company’s ambitious sustainability programme.

IMMOFINANZ ‘s Net Zero Emission Strategy includes important goals to reduce all climate-damaging greenhouse gas emissions (e.g., CO2, methane etc.) by 60 percent below the 2019 level by 2030 and to make the common areas and portfolio space managed by IMMOFINANZ emission-free.

The entire value chain is projected to be emission-free by 2040, i.e., including construction and refurbishing

measures. Tenants will be supported in reaching net zero emission status. All greenhouse gas emissions will be reduced, and only technologically unavoidable residual emissions will be neutralised through compensation measures. The timetable will be reviewed at five-year intervals up to 2040.