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Allianz Real Estate, the dedicated real estate investment manager within the Allianz Group and one of the world’s largest investors in real estate, is targeting a reduction in carbon emissions from its global portfolio of 25% by 2025. The decrease is part of the firm’s wide-ranging and extensive global sustainability program initiated in 2019 and supports Allianz Real Estate’s overall aim to be carbon net-zero by 2050.

“We consider it as highest priority to reduce the carbon footprint of all our assets and fight global warming. A reduction of emissions in the real estate sector – which accounts for approximately 40% of global greenhouse gas emissions – will have a considerable impact on global decarbonization. Our position, size and influence allows Allianz Real Estate to lead by example. As such, we have developed one of the most ambitious and comprehensive sustainability and ESG transformation programs in the real estate sector,” said Dr. Raphael Mertens, Chief Risk Officer at Allianz Real Estate.

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