Allianz pledges two-year ESG turnaround of dirty real estate
Allianz Real Estate has given itself until the end of next year to reverse the fortunes of the assets in its €74bn real estate portfolio that are performing poorly on carbon emissions.
Dr Raphael Mertens, chief risk officer and head of ESG for Allianz Real Estate, told AsianInvestor that the company had completed a two-year audit for each of the more than 550 assets in the portfolio at the beginning of this year.
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