Potential offtaker

Ivanhoé Cambridge

www.ivanhoecambridge.com

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Ivanhoé Cambridge is a Canadian real estate company that operates in the multi-asset class own and develop sector. The company is committed to sustainable development and has made significant strides in decarbonisation and the adoption of renewable energy sources.

Ivanhoé Cambridge is a subsidiary of the Caisse de dépôt et placement du Québec, one of Canada's largest institutional investors. The company manages a portfolio of over 1,000 properties in 28 countries, with a total value of approximately $60 billion. The company's properties include office buildings, shopping centers, residential properties, and logistics facilities.

One of Ivanhoé Cambridge's key priorities is decarbonisation. The company has set ambitious targets to reduce its greenhouse gas emissions and has implemented a range of measures to achieve these goals. For example, the company has invested in energy-efficient technologies and has implemented energy management systems to monitor and control energy use in its buildings.

In addition to reducing its own carbon footprint, Ivanhoé Cambridge is also committed to promoting the adoption of renewable energy sources. The company has invested in a number of renewable energy projects, including wind and solar farms, and has signed corporate power purchase agreements (PPAs) to purchase renewable energy directly from producers.

Corporate PPAs are an increasingly popular way for companies to source renewable energy. These agreements allow companies to purchase electricity directly from renewable energy producers, often at a lower cost than traditional energy sources. By signing PPAs, companies like Ivanhoé Cambridge can reduce their carbon footprint and support the growth of renewable energy.

Ivanhoé Cambridge has also implemented a range of other measures to reduce its energy consumption and promote sustainability. For example, the company has installed LED lighting in many of its properties, which has significantly reduced energy use. The company has also implemented water conservation measures, such as low-flow toilets and faucets, to reduce water consumption.

In addition to its sustainability initiatives, Ivanhoé Cambridge is also committed to corporate social responsibility. The company has implemented a range of programs to support local communities and promote diversity and inclusion. For example, the company has established a Community Investment Program, which provides funding and support to local organizations working on issues such as affordable housing, education, and community development.

Overall, Ivanhoé Cambridge is a leader in sustainable real estate development. The company's commitment to decarbonisation, renewable energy, and corporate social responsibility has earned it a reputation as a responsible and forward-thinking company. As the world continues to grapple with the challenges of climate change, companies like Ivanhoé Cambridge will play an increasingly important role in promoting sustainability and reducing carbon emissions.

✓ Science Based Targets member
✓ Declared Net Zero commitment