March 1, 2021
IPSX,
Britain’s newest regulated exchange, and the first dedicated to commercial real
estate assets, today announces a significant partnership with Carbon
Intelligence, affording all admissions to the exchange clear guidelines for how
they should be reporting and managing both embedded and operating carbon
emissions.
Carbon Intelligence already manages
long-term decarbonisation programmes for real asset portfolios to drive the
transition to a zero-carbon world. In this partnership it will apply its
team's expertise to single assets to create transparency for investors and impact
and capital value for issuers. By taking
a proactive approach and drawing on Carbon Intelligence’s expertise, assets
listed on the International Property Stock Exchange, will have
absolute transparency and regular reporting of the carbon emissions of those
single assets allowing investors to run more effective ESG-aware portfolios.
Within
the commercial real estate sector, there has been a significant shift in recent
years towards risk-averse and future-proof investments. This has been driven by
the increasing recognition of climate change as a global issue likely to impact
long-term environmental, social and economic stability.
According
to the Global Real Estate Standards Board research published in April 2020,
some 40% of investors put climate risk and disclosures as their most concerning
ESG issue over the next 5-10 years.
With
increasing legislation and investor pressure to manage climate risks,
commercial real estate organisations will be required to address the carbon
impacts of their portfolios and IPSX will be leading the way in setting the
framework of the property stock exchange for companies to report effectively to
investors.
Speaking
about the partnership with Carbon Intelligence, David Delaney, Group Chief
Executive of IPSX commented; “Carbon consumption of the real estate sector both
at an operating and embedded level is something that investors have struggled
to find information on. Working with Carbon Intelligence to provide these
guidelines to our issuers will help with reporting and provide investors with
greater transparency on asset performance.”
Jonathan
Sykes, Executive Chairman, Carbon Intelligence says; "We are excited to
help create a carbon reporting framework for IPSX. Together, we will create
transparency for investors and help issuers future-proof their buildings so
they remain viable and valuable."
IPSX Wholesale is a market exclusively for institutional and professional investors.