IFM receives Govt climate certification

Yasmine Raso

Senior Journalist, Financial Newswire

4 August 2023

IFM Investors has become certified under the Australian Government program, Climate Active, acknowledging their commitment to delivering on net zero targets and driving climate action.

The certification involves partnering with businesses to improve and implement processes to measure, reduce and offset carbon emissions, with IFM applying it to its global operational emissions.

This included setting new targets regarding direct emissions reduction actions, enhanced data collection and analysis, and engagement with providers to re-assess their net zero targets.

“These are comprehensive targets that go directly to the standards we set for IFM’s offices, the type of energy they use, and the suppliers we choose,” Head of Sustainable Investment, Rena Pulido, said.

“We’re proud to be Climate Active-certified and part of a growing network of businesses and not-for-profit organisations who are taking practical steps to reduce emissions.”

IFM also said further operational targets formed as part of the Climate Active certification included:

• Making base building energy efficiency ratings, such as Green Star, and the procurement of renewables part of the selection criteria for future office tenancies
• Requiring contracted suppliers to provide supplier emissions reporting and ensure consideration of emissions reduction targets as part of the supplier selection criteria
• Setting near-term, science-based aligned targets for the Scope 3 emissions category – Purchased Goods and Services – in 2024
• Encouraging staff to undertake more active modes of transport by ensuring IFM offices with more than 50 full-time employees have access to end-of-trip facilities and incorporating end-of-trip facilities as a selection criterion for IFM offices
• Transitioning IFM’s Australian offices to purchasing 100% green electricity by mid-2023