Commitment to Action

Sustainable Growth through Carbon-Neutral Real Estate

Commitment by

OVG Real Estate

In 2007 OVG, a leader in the Dutch office building market, made a commitment to invest $1 billion over 5 years in the development of sustainable buildings in The Netherlands that reduce carbon emission and decrease energy use by 30-60%. During the entire life cycle of the buildings, the total amount of reduced CO2 emission is estimated to be 1 megaton -- which currently represents a value of more than $14,000,000.
In March 2010, OVG completed its commitment in three years (instead of the five years initially projected), and is using the knowledge that it gathered to expand its business throughout Europe, starting with Denmark, Germany and Italy, in greening cities and buildings. As part of its commitment, in July 2009, OVG announced the largest new development in The Netherlands, a unique multifunctional building which utilizes the most modern techniques for energy efficiency and sustainable energy, called 'The Rotterdam', designed by Rem Koolhaas.

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Overview
Summary

Commitment

Sustainable Growth through Carbon-Neutral Real Estate

Launched

2007

Est. Duration

3 Years

Estimated Total Value

$1,000,000,000

Region

Europe

Countries

GERMANY, NETHERLANDS

Commitment by

OVG Real Estate

Partner(s) of the Commitment Maker(s)

City of Rotterdam