FIRST CAPITAL RE is a Canadian company that operates in the Multi Asset Class REIT sector. The company has a strong focus on decarbonisation and renewable energy, and has implemented several initiatives to reduce its carbon footprint and promote sustainable practices.

One of the key areas of focus for FIRST CAPITAL RE is corporate energy management. The company has implemented a comprehensive energy management program that includes energy audits, energy-efficient lighting and HVAC systems, and the use of renewable energy sources. The company has also implemented a corporate power purchase agreement (PPA) to source renewable energy from wind and solar farms.

The corporate PPA is a long-term contract between FIRST CAPITAL RE and a renewable energy provider, which guarantees the purchase of a certain amount of renewable energy at a fixed price. This provides the company with a stable and predictable source of renewable energy, while also supporting the growth of the renewable energy sector.

In addition to the corporate PPA, FIRST CAPITAL RE has also invested in several renewable energy projects, including solar panels on its buildings and the installation of electric vehicle charging stations. These initiatives not only reduce the company's carbon footprint, but also provide benefits to tenants and the wider community.

FIRST CAPITAL RE is also committed to decarbonisation, which involves reducing greenhouse gas emissions and transitioning to a low-carbon economy. The company has set ambitious targets to reduce its carbon footprint, including a goal to achieve net-zero emissions by 2050. To achieve this, the company is implementing a range of measures, including energy efficiency improvements, the use of renewable energy, and the adoption of low-carbon technologies.

To support its decarbonisation efforts, FIRST CAPITAL RE has also joined several industry initiatives, including the Carbon Disclosure Project and the Global Real Estate Sustainability Benchmark. These initiatives provide the company with a framework for measuring and reporting its carbon emissions, as well as guidance on best practices for reducing emissions and promoting sustainability.

Overall, FIRST CAPITAL RE is a leader in the Multi Asset Class REIT sector, with a strong focus on decarbonisation and renewable energy. The company's commitment to corporate energy management, corporate PPA, and renewable energy projects demonstrates its dedication to reducing its carbon footprint and promoting sustainable practices. As the world transitions to a low-carbon economy, FIRST CAPITAL RE is well-positioned to thrive and contribute to a more sustainable future.