Investa Office Management Pty Limited
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Investa Office Management Pty Limited is a leading Australian real estate investment trust (REIT) that specializes in the Multi Asset Class Own & Develop sector. The company is committed to delivering sustainable, high-quality office spaces that meet the needs of its tenants while minimizing its environmental impact. Investa's portfolio includes some of the most iconic and energy-efficient buildings in Australia, and the company has been recognized for its leadership in sustainability and decarbonisation.
Investa's commitment to sustainability is evident in its approach to corporate energy management. The company has implemented a range of initiatives to reduce its energy consumption and carbon footprint, including the installation of energy-efficient lighting, HVAC systems, and building automation systems. Investa also works closely with its tenants to encourage them to adopt sustainable practices, such as turning off lights and equipment when not in use, and reducing paper usage.
One of Investa's key initiatives in the area of corporate energy management is its Corporate Power Purchase Agreement (PPA) program. Under this program, Investa partners with renewable energy providers to purchase renewable energy at a fixed price over a long-term period. This allows the company to reduce its reliance on grid electricity and support the growth of renewable energy in Australia. Investa's Corporate PPA program has been recognized as a leading example of corporate renewable energy procurement in Australia, and the company has been instrumental in driving the growth of the corporate PPA market in the country.
Investa is also committed to decarbonisation, and has set ambitious targets to reduce its carbon emissions. The company's strategy for decarbonisation includes a range of initiatives, such as energy efficiency improvements, the use of renewable energy, and the purchase of carbon offsets. Investa has also been a leader in the development of green bonds, which are used to finance sustainable projects and support the transition to a low-carbon economy.
One of Investa's flagship decarbonisation initiatives is its 2020 target to achieve a 50% reduction in carbon emissions from its office portfolio compared to 2004 levels. The company is well on track to achieving this target, having already achieved a 44% reduction in emissions by the end of 2019. Investa's decarbonisation efforts have been recognized by a range of industry bodies, including the Global Real Estate Sustainability Benchmark (GRESB), which has awarded the company a five-star rating for sustainability performance for the past 11 years.
Renewable energy is a key focus area for Investa, and the company has made significant investments in this area over the past decade. Investa has installed over 10 MW of solar PV capacity across its portfolio, making it one of the largest commercial solar owners in Australia. The company has also invested in wind energy, and has entered into a long-term agreement to purchase renewable energy from a wind farm in Victoria. Investa's renewable energy investments have not only helped to reduce its carbon footprint, but have also delivered significant cost savings for the company and its tenants.
In conclusion, Investa Office Management Pty Limited is a leading Australian real estate investment trust that is committed to delivering sustainable, high-quality office spaces while minimizing its environmental impact. The company's focus on decarbonisation, corporate energy management, corporate PPA, and renewable energy has made it a leader in sustainability in the Australian property sector. Investa's innovative approach to sustainability has not only delivered significant environmental benefits, but has also delivered tangible financial benefits for the company and its stakeholders.