December 12, 2023 – KingSett Capital’s Vice President of Sustainability and Resilience, Kit Milnes participated in COP28, the annual UN global climate summit, which concludes this week in Dubai. KingSett is advancing a multi-year decarbonization plan for its existing properties and has set a goal to eliminate 35% of carbon emissions in its core fund by 2027. To date, KingSett has decarbonized and achieved the Canada Green Building Council’s (CAGBC’s) Zero Carbon Building – Performance StandardTM certification across over 2 million sq ft of office space and completed the decarbonization of the Fairmont Royal York. This will eliminate over 7,000 tonnes of carbon emissions from the hotel annually.
“We are driven by the opportunities and innovation ESG integration presents in real estate,” said Milnes. “We believe our ESG leadership is a competitive advantage and a true value creator. By incorporating this into our decision-making processes, we create value economically, ethically, socially and environmentally.”
While in Dubai, Milnes took part in the Reuters COP28 Leadership Interview series to discuss how KingSett is creating value for all stakeholders by advancing its decarbonization program. To watch the interview and learn more, visit https://www.reuters.com/plus/acumen-stories/cop-28/kingsett-capital
About KingSett Capital
Founded in 2002, KingSett Capital is a leading Canadian private equity real estate firm that co-invests with institutional and ultra-high net worth clients to deliver sustainable, premium risk-weighted returns. KingSett manages over $18 billion in assets across its Growth, Income, Urban, Mortgage, Residential Development and Affordable Housing strategies.
In recognition of its commitment to sustainability, KingSett was ranked #1 globally in the 2023 Global Real Estate Sustainability Benchmark (GRESB) Survey for Development in its Residential Non-Listed peer-group and 2nd in the North America Diversified Office/Residential Non-listed for Standing Investments. As a leader in the industry, KingSett remains dedicated to moving the real estate sector forward and seeking new investment opportunities in a wide range of real estate properties, developments, joint ventures, and mortgage lending.