It has been announced today that Fiera Real Estate has joined the Better Buildings Partnership and signed up to the BBP’s Climate Commitment. In doing so, Fiera become the 37th Commitment signatory, and the eighth organisation to join the commitment this year. 

Fiera Real Estate’s pathway to net zero covers Scope 1,2 and 3 emissions, with a target of being Net Zero Carbon by 2035, 15 years ahead of the Paris Agreement and UK Government targets. As part of formulating their strategy to achieve net zero carbon, Fiera have compiled individual asset plans for each site. Fiera’s pathway highlights the success the business has had in gathering tenant data, with 85% of occupier utility data collected for the year ending 2020. Access their pathway here.  

Fiera Real Estate’s UK division is part of a global real estate investment management platform focusing on both creating and actively managing core assets for investors. The UK business was founded in 1992 and directly manages c.£980million of principally commercial real estate assets. 

With a strong commitment to responsibly impacting the wellbeing of the planet, people and communities, Fiera Real Estate UK and its shareholders have also raised over £600,000 for charities including LandAid, Duty to Care and Grace Academy, to create a positive long-lasting impact. 

To support signatories of the BBP Climate Commitment, the BBP has published the Net Zero Carbon Pathway Framework and Climate Resilience Guide.

Sarah Ratcliffe, CEO, Better Buildings Partnership said: “We are thrilled to welcome Fiera Real Estate to our membership. By also signing the BBP Climate Commitment and setting an ambitious 2035 net zero target, Fiera have demonstrated not only when, but how they will seek to reduce the emissions associated with their real estate portfolio. They have joined other leading property owners in publishing their pathway and we look forward to them joining this collaborative effort to drive market transformation across the sector.”

Jessica Pilz, Global Head of ESG, Fiera Real Estate said: “We all have a responsibility to accelerate action against climate change and to contribute to the achievement of credible carbon reduction targets. Our NZC pathway makes a clear commitment to achieving net zero by 2035 and our objective is to deliver on this, despite the headwinds we are facing in the market. As part of this commitment, we are delighted to become signatories of the BBP Climate Commitment and to join other like-minded real estate owners in working towards achieving this.”

Editors Notes:

Fiera Real Estate globally manages over USD5.6billion of commercial real estate through its investment funds and accounts (as of 30th September 2022). Fiera Real Estate is wholly owned by Fiera Capital Corporation, a leading multi-product investment management firm with USD115.2billion of assets under management. Fiera Capital provides Fiera Real Estate with access to global investment market intelligence, which enhances its ability to innovate within a framework that emphasises risk assessment and mitigation.