Brookfield Real Estate Is Committed to Executing Clean Energy Initiatives Across Its Portfolio, Driving Its Overall Carbon Footprint Reduction
As we execute our long-term strategy to deliver net-zero emissions across our business by 2050 or sooner, we are reducing our Scope 2 and 3 emissions by powering 100% of Brookfield’s U.S. Office portfolio with predominantly clean energy sources by 2026. Brookfield will predominantly leverage power purchase agreements (PPAs) to decarbonize its operations, ensuring that we source electricity from the same power grid in which we will use the electricity, further incentivizing the development of new clean energy sources. Clean energy sources for procurement include hydropower, solar, wind and nuclear power. Brookfield’s U.S. office portfolio will procure 600 GWh of clean electricity, reducing GHG emissions by 260,000 mtCO2e annually (the equivalent of avoiding burning 300 million pounds of coal). Clean Power Sources by City:
- Denver: Renewable electricity from local wind power facilities.
- Houston: Newly built, Texas-based solar power plant, with its construction initiated by Brookfield Properties
- Los Angeles: Newly built, California-based solar power plant, with its construction initiated by Brookfield Properties.
- New York: In-state, run-of-river hydropower facilities.
- San Francisco: Solar and wind farms through the CleanPowerSF SuperGreen program.
- Washington D.C.: Nuclear power facilities equipped by Brookfield’s Westinghouse Electric Corp.