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Real Estate's Moment of Reckoning
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About the talk
Brendan will explore the real estate industry's contributions to the climate crisis in contrast to other industries, how real estate firms should respond, and a road map to get the industry toward net zero carbon emissions.
00:10 Intro
03:40 Accountability
10:10 Sustainability
13:23 Carbon offsets
17:03 Climate tech
19:07 The solution
About speaker
Brendan Wallace is a co-founder and Managing Partner at Fifth Wall, where he guides the firm’s strategic vision. Prior to starting Fifth Wall, Brendan co-founded Identified, a workforce optimization data and analytics company that raised $33 million of venture funding and was acquired by Workday (NYSE: WKDY) in 2014. He also co-founded Cabify, the largest ridesharing service in Latin America, and has been an active investor, leading more than 60 angel investments including Bonobos, Dollar Shave Club, Lyft, SpaceX, Clutter, and Philz Coffee. Brendan started his career at Goldman Sachs in the real estate, hospitality, and gaming group before joining The Blackstone Group’s real estate private equity practice. Brendan is from New York City and currently lives in Venice. He graduated from Princeton University, where he received his BA in political science and economics. He received his MBA from the Stanford Graduate School of Business.
View the profileWhy don't I start with just kind of contextualizing the issue that I think we're all facing. We're living in a period characterized by Massive rapid change in people. It's a period where it almost feels like history is being written in real-time and being recorded in real-time in many ways. It's almost hard to remember the world before COVID-19 six months ago or before the current civil unrest in our cities and honestly, it might be hard right now to think beyond that at the moment, but both of these historical events are playing out against the backdrop of something else
something that we cannot end just must not lose sight of something that affects every citizen of every nation of the world and will for years decades generations and even centuries to come it's a hugely consequential Global catastrophe that will remake our society over the next decade and that's something is the climate crisis. These photos are from the global climate strike, which took place one year ago this week in the United States. There were a thousand distinct strike events in all 50 states and every US territory, but this wasn't a national event. It was
a global 17.6 million people participated in 150 cities worldwide and it's rare to see such Broad Social political and economic consensus around a single issue even rarer still to see that consensus manifest itself. So globally So why all the Outreach and I would say simply put it's because climate change is wreaking havoc on our planet
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