Nuveen launches Article 9 Global Real Estate Carbon Reduction strategy
21 MAR, 2023
Nuveen, the $1.1tn global asset manager, has launched an Article 9 Global Real Estate Carbon Reduction strategy, focused on lessening global carbon emissions through investment in listed real estate.
The Nuveen Global Real Estate Carbon Reduction strategy aims to provide long-term capital appreciation and current income by investing in real estate companies that have either achieved carbon neutrality or have a target to or track record of reducing greenhouse gas emissions in a manner that is aligned with the Paris Agreement.
The durability of real estate combined with increasing interest in carbon reduction solutions can potentially provide a long runway for future growth within carbon-aware real estate securities. Global efforts to combat climate change are fuelling worldwide demand for decarbonization-focused investments, while cyclical tailwinds in real estate such as favorable valuations, healthy fundamentals, and solid earnings & dividend growth may help create compelling investment opportunities.
Jay Rosenberg, Head of Public Real Assets, and Ben Kerl, Portfolio Manager and Head of Listed Real Estate Investments, will co-manage the strategy, supported by Scott Sedlak and Jagdeep Ghuman, respectively the regional real estate leads in the US and Asia. The team has over 18 years of experience across a wide variety of market environments.
The strategy joins Nuveen’s other Article 9 strategies; the Global Core Impact Bond, US Core Impact Bond, Emerging Markets Impact Debt, and Global Clean Energy Infrastructure Impact strategies.
Nuveen also manages $151 bn across private real estate*, and has committed to achieving net zero carbon across its private real estate portfolio by 2040.
