Fund will support the creation of technologies that will help decarbonize the commercial real estate industry
CBRE, the world’s largest manager of commercial buildings, has invested in Fifth Wall’s Climate Technology Fund as part of its push to promote sustainability in the commercial real estate space.
The Climate Technology Fund will invest in technologies that will contribute to the “decarbonization of the commercial real estate industry, as well as adjacent sectors, such as energy and manufacturing,” a release said.
CBRE’s investment in the fund will provide insight into and access to early-stage technologies that will enhance the firm’s sustainability solutions for clients and support its own sustainability goals. The commercial real estate giant has supported Fifth Wall’s investment programs since 2016.
“Climate technology development has dramatically increased as a result of a changing regulatory environment, ambitious corporate sustainability targets and other catalysts,” said CBRE chief digital and technology officer Sandeep Davé. “We believe technology can make a significant impact on the drive to reach net-zero in the built environment and look forward to investing in the creation of market-changing, innovative technologies that benefit our clients.”
Read more: CBRE Group commits over $7 million to community impact initiative
The investment follows CBRE’s $7.25 million commitment to support community betterment programs focused on combating climate change in its headquarter city of Dallas.
