Our longtime commitment to the principles and practices behind what is now ESG

Watch our History of Sustainability

We're not setting a carbon target and figuring out how to get there, we're creating a credible decarbonization pathway that leads to achieving a target - and pushes us to stretch and innovate along the way.

Michael Izzo, Vice President of Carbon Strategy

A multi-pronged approach to reach net zero

• Why we need a carbon target

  Our goal reflects the urgency of addressing the climate crisis and the fact that the built environment is responsible for nearly 40% of global energy-related carbon dioxide emissions ². We have an important part to play in the transition to net zero as real estate experts and we aim to lead by dramatically reducing our buildings’ environmental impact, especially carbon emissions, resulting in a positive impact to our tenants, partners, and the planet.

• How we got here

  Addressing carbon reduction across our business is an important focus for us and a major component of our ESG strategy. We wanted to be purposeful about setting a target so that our goals are ambitious, but also achievable. To create our formalized carbon targets, we engaged third-party partners to provide data, tools and knowledge to help us understand our current carbon footprint and solutions for reducing carbon across the Hines portfolio.

• We are working with global experts to set credible targets

  We are working with global experts to set credible targets on identifying a baseline and decarbonization pathway to achieve net-zero carbon by 2040. Our leadership has unanimously approved a net-zero target for 2040, along with the resources to achieve that. In addition, during 2021, we created the first officer-level position in commercial real estate dedicated to achieving this goal. We are in the process of applying to the Science Based Target Initiative (SBTi) for validation of our targets.

• We are holding ourselves accountable

  Our ESG and Carbon leadership teams are collaborating across our regions to implement a data management plan to track, manage and report on emissions at the property, portfolio, regional and firm-wide level. Progress to achieve net-zero carbon will be tracked and disclosed through various channels, including our annual ESG report, fund ESG reviews, investor or client reports and more.

2021 ESG Report

Read our latest ESG report for actions we are putting in place

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Our Plan in Action

Utilizing circular energy infrastructure at 555 Greenwich

View Case Study

HEVF2 invests in carbon reduction and community at aer

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Reducing embodied carbon at Salesforce Tower Chicago

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