The Investment Management Corporation of Ontario recently joined the Global Real Estate Engagement Network, an industry coalition of institutional investors focused on addressing financially material climate risks and opportunities in the real estate sector.
Established in 2021, GREEN has grown to represent investors with over €4 trillion in assets under management. Through dedicated workstreams, the network engages with real estate companies and funds to improve climate risk management and identifies opportunities across the industry to lift systemic barriers to speeding up decarbonization, according to a press release.
The IMCO’s participation in GREEN directly supports its sustainability goals, including a net-zero portfolio by 2050. Additionally, GREEN’s initiatives, such as establishing industry-accepted financial metrics for evaluating decarbonization, align with the organization’s value-driven approach to engagement, the release said.
“Climate-related risks are increasingly material to real estate performance and long-term asset value,” said Richard Varkey, managing director and head of real estate at the IMCO, in the release. “By joining GREEN, we gain access to leading thinking and collaboration with global peers to improve data, standards and engagement practices. This work will enable more informed decision-making and strengthen how we manage climate risks in our portfolio.”
Read: IMCO returns 7.4% in 2025 amid volatile global environment