Planet Positive: Mirvac’s plan to reach net positive carbon by 2030
Mirvac has released its plan to achieve and exceed net positive carbon in its investment portfolio by 2030.
Reducing our Impact on the Planet
In 2014, under our sustainability strategy, This Changes Everything, Mirvac set a bold target to be net positive carbon by 2030, recognising the important work that needs to be done to reduce our impact on the planet.
The built environment contributes to 25 per cent of Australia’s carbon emissions, and as a leading Australian property company, we have a responsibility to do our part to reduce our impact on the planet.
Planet Positive: Mirvac’s plan to reach net positive carbon by 2030 sets out the key steps Mirvac will take to reduce carbon emissions, such as continuing to maximise energy efficiency and developing all-electric buildings powered by 100 per cent renewable energy.
This work will mean that from 2030 and each year afterwards, Mirvac will be avoiding emissions equivalent to planting over 1.4 million trees and taking 22,300 cars off the road.
Targeting net zero carbon also makes good business sense. Transitioning to a lower carbon economy will allow us to benefit from energy price certainty and create greater value for our stakeholders. It also has the added benefit of helping us to retain premium tenants and minimise vacancy rates, and with low carbon building policy reforms on the horizon we’ll also be ahead of the curve when it comes to compliance.
But more than that we believe that reducing, and ultimately, eliminating our carbon emissions, is the right thing to do.