Impact
Decarbonizing buildings
The built environment, which is responsible for close to 40% of global GHG emissions, is under pressure from increasingly stringent regulations as well as shifting consumer sentiment, requiring building owners and managers to consider the current and future climate attributes of their assets.1 Over the last 5 years, owners of institutionally owned real estate (including Nuveen) have voluntarily committed to a net zero target, signing up for an emission reduction pathway 15-30 years in the future – creating a massive long term market opportunity for private equity investors seeking to drive the built environment’s transition to a low carbon economy, fund solutions that drive equity, and drive environmental, social and financial returns for investors.
Ted Maa and Pete Murphy, on Nuveen’s Private Equity Impact Investing team, examine the commercial opportunities these trends uncover, and the opportunity for private equity investors to back companies that can help building operators to meet these needs.
Related articles
Nuveen announced today that the Private Equity Impact team has committed $30 million in Series B equity to Perch Energy, Inc. (Perch), a clean energy technology platform and community solar servicer that connects solar developers with energy consumers.
Nuveen announced today that the Private Equity Impact team has joined Lime Rock New Energy to invest in Power TakeOff (PTO), a software-enabled energy efficiency services company.
Explore our 2021-2022 private equity impact report where we provide detailed case studies on how we are measuring impact at our portfolio companies, and why we view climate change and inequality as inextricably linked factors within our investment approach.
Endnotes
Sources
1 https://worldgbc.org/wgbw19/
