By: greenbank On: December 01, 2016 In: Comments: 0

CEFC invested AU$100 million in the AMP Capital Wholesale Office Fund (AWOF), which is aiming to deliver a property portfolio of net zero carbon emission buildings by 2030. The CEFC investment in the AU$4.7 billion AMP Capital fund will help accelerate the development of world-leading energy efficient commercial property portfolios in Australia. The CEFC’s AWOF investment is another example of its focus on delivering clean energy solutions in Australian cities, as part of its Sustainable Cities Investment Program. Under its investment agreement with the CEFC, AWOF will target cutting emissions from its property portfolio to zero in just 13 years, exceeding the goals of the internationally-recognised Science Based Targets program, which aims for a minimum 55 per cent reduction in property sector CO2-e emissions intensity by 2050. AWOF will also aim for a portfolio-wide average NABERS Base Building Energy rating of 5.0 stars by 2020 and 5.5 stars by 2030.

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