OMERS executives set for carbon cuts without too much portfolio ‘surgery’
OMERS executives set for carbon cuts without too much portfolio ‘surgery’
OMERS Michael Kelly and Katharine Preston
Putting in place a decarbonization policy for a large, diversified portfolio that balances ambition with fiduciary duty can be hard work, executives at the Ontario Municipal Employees Retirement System, Toronto, have found.
The goal is to reach a 20% reduction in carbon emissions in the entire portfolio by 2025. We want to be ambitious about this, but also disciplined about how we can do this and what we can do to get started on it without necessarily having (to do) some major surgery to the portfolio in terms of the investment program, said Michael Kelly, chairman of OMERS sustainable investing committee, in an interview.
Photo by Oxford Properties Group
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Boren Lofts, on the corner of Virginia Street, features 15-foot ceiling heights, allowing extra space for lab and life science equipment.
Even before it sold last week, for a little over $119 million, the brand-new Boren Lofts was headed the life science route. Seller Trammell Crow said as much in February, and new owner Oxford Properties Group has now confirmed that plan.
This view of the building looks west, with Virginia Street on the right.
Two months after completing the office tower, Trammell Crow Co. has sold Boren Lofts, at 1930 Boren Ave. in the Denny Triangle, for a little over $119 million. The buyer was an LLC related to Oxford Properties Group, of Toronto. King County recorded the sale on Thursday.
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