Janus Henderson U.K. Property Fund to Be Carbon Neutral by 2030

(Bloomberg) --

Janus Henderson Group Plc’s U.K. property fund has committed to become operationally net zero carbon across its portfolio by 2030.

The 2 billion-pound ($2.6 billion) fund, which invests in commercial real estate and offers daily redemptions to investors, aims to achieve average energy usage in line with targets set by the U.K. Green Building Council for all property holdings of more than three years. The Janus Henderson U.K. Property PAIF money pool will purchase carbon offsets for residual gas use by tenants and the fund’s renewable energy agreement will also be offered to all tenants, according to an emailed statement on Thursday.

“In order to achieve this goal, the fund’s investment team will need to work closely with tenants to establish net zero carbon plans for the assets that they occupy,” Ainslie McLennan, co-manager of the fund, said in the statement. “It will also be necessary to monitor tenant consumption in order to ratify progress.”

Real estate firms and funds are increasingly focused on reducing their carbon footprint as investors focus on sustainability. Land Securities Group Plc, the U.K.’s largest real estate investment trust by assets, has pledged to become a carbon neutral business by 2030. BlackRock Inc., the world’s largest fund manager with more than $7 trillion of assets, said it would exit investments that “present a high sustainability-related risk” on Tuesday.

Janus Henderson, which is based in London and listed in New York and Sydney, manages $356 billion of assets worldwide.

To contact the reporter on this story: Lucca de Paoli in London at gdepaoli1@bloomberg.net

To contact the editors responsible for this story: Shelley Robinson at ssmith118@bloomberg.net, Chris Bourke

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