About the talk
As we navigate our way towards a post-COVID world, there is another secular, global environmental risk that the real estate industry must also confront: climate change. It is clear that decarbonization poses an existential threat to real estate assets, leaders, and firms.
Many companies have indeed begun to develop a sustainability strategy. But too often these efforts lack substance. In 2019 we saw a sea change as regulators, public markets, and world-class tenants put the industry on notice: get your sustainability act together or we will hold you accountable. With this new spotlight on industry leaders, only two metrics matter in your sustainability strategy: decarbonization and dollars invested.
00:35 Fifth Wall
03:00 2019 global climate protests
04:12 Uncomfortable truth
10:06 Real estate and sustainability
Thank you everyone for joining. Today I want to talk about why an investment program needs to be a pillar of any real estate industry sustainability program and why investing is so core to it. So maybe before I jump into that when I just give a little bit of background on the Fifth Wall and who we are. So the Fifth Wall is the largest and most active investor in real estate technology. And I think what makes us unique as a firm is that we kind of pioneer this first approach to bring in the largest customers and users an adopters of the very Technologies
we're investing in as LPs. So of our 1.3 billion under management about 900 million comes from owners and operators and developers of real estate. The second thing that I think makes our firm unique is that we also pioneered a very unique approach to constructing a venture capital fund we did. So in it in a real consortium base model, where our belief was that the best solution in the industry acting together to invest together to solve common pain points together. So collaboration between the large owner-operator developers and some ways that were a
rejection of the prior approach which was real estate owners doing their own corporate venture programs. Our belief was that it will be better done together. And I think we validated that over the course of the last few years. We have 54 of the largest owners and operators of real estate as LPs in our funds from 11 countries in every major sector of the real estate industry. And so being in that position. We're in a unique vantage point to assess trends
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