CPP Investments' Chief Sustainability Officer sees "green premium" emerging in real estate
Richard Manley says companies “favouring low-carbon energy-efficient buildings... [we are] seeing the first clear signals of climate-related risk translating into asset prices in the real estate sector."
The Chief Sustainability Officer of one of the world’s largest institutional investors, CPP Investments, says demand for greener buildings is set to have a positive “knock-on effect” across other industries as meaningful market signals emerge.
He said companies “favouring low-carbon energy-efficient buildings provide a clear price signal to owners and developers… [we] began seeing the first clear signals of climate-related risk translating into asset prices in the real estate sector.”
