AMP Capital backs carbon positive roadmap

As we seek feedback on our roadmap to hit net zero for new buildings by 2030, AMP Head of Sustainability - Real Estate, Chris Nunn, weighs in on the objectives.

AMP Capital has just embarked on a bold mission to make its Wholesale Office Fund carbon neutral by 2030, teaming up with the Clean Energy Finance Corporation (CEFC), which has invested A$100 million into AMP Capital’s $4.7 billion fund.

Here, at the Green Building Council of Australia (GBCA), we are also keen to support the industry on its journey towards achieving zero carbon targets.

In fact, last week we launched a Carbon Positive Roadmap; a comprehensive industry guideline on how we can work independently as businesses and collectively as an industry to hit net zero in the built environment by 2030.

AMP Capital’s Head of Sustainability, Real Estate, Chris Nunn, welcomes the GBCA’s roadmap as a useful contribution to this discussion.

“The GBCA’s Carbon Industry Roadmap will help provide industry clarity around the different options for achieving carbon neutrality and facilitate industry debate to clarify the appropriate mix of solutions including energy efficiency, different options for supplying buildings with renewable energy and procuring verified carbon offsets.”

According to Mr Nunn, this includes finding a balance between ongoing cost savings associated with energy efficiency and investing in economically feasible renewable energy solutions to maximize value for our investors and customers.

AMP Capital’s bold commitment to a carbon neutral target will apply to some of the fund’s most exciting office sites, such as 700 Bourke Street in Melbourne’s Docklands and Quay Quarter Tower located in Sydney.

Discussion papers for our Carbon Positive Roadmap are now available, with consultation and feedback closing on 28 April.