EY US Joins CREtech’s New Climate Tech Initiative as Founding Sponsor

CREtech, the largest intelligence platform devoted to reimagining real estate, announced that Ernst & Young LLP (EY US), a leading professional services firm, has joined the new CREtech Climate initiative as a founding sponsor. EY US has made a substantial commitment to sustainability and environmental, social and governance (ESG) issues and recently pledged to become carbon negative in 2021 and net zero in 2025.

The new CREtech Climate platform launched in early February and will be devoted to educating the real estate and business communities about climate tech, providing daily top headlines newsletters, virtual events, webinars/forums and market research. The platform will serve as the 'voice' of the real estate industry's commitment to climate tech by building a global community of sustainability and ESG advocates, corporate leaders, venture capitalists, startups, service providers, governmental leaders and academia. The goal of CREtech Climate is to drive measurable investment and adoption of climate tech to significantly reduce the industry's carbon footprint.

'EY US has been a huge supporter of CREtech for several years and of the entire real estate tech sector, at large. We are thrilled they are building on these commitments with their support of our new CREtech Climate initiative,' stated Michael Beckerman, CEO, CREtech. 'While the real estate industry as a whole is responsible for 40% of all carbon emissions worldwide, it is because of the extraordinary leadership by world-class leaders like EY US that I am confident we will be able to get the industry to net zero at some point in the future. And with EY US's commitment to be net zero in 2025, I know others will follow their lead!' Beckerman concluded.

'We are excited to be collaborating with CREtech to develop CREtech Climate,' said Mark Grinis, EY Global Real Estate, Hospitality & Construction Leader. 'Sustainability and ESG are critical to the future of our industry, and we are proud to be supporting its evolution through a wide array of solutions that help companies create sustainable, long-term value.'

In January 2021, EY US announced its commitment to become carbon negative in 2021 by setting targets to significantly reduce absolute emissions and removing and offsetting more carbon than it emits. This is a significant moment for EY US as it builds on its achievement of carbon neutrality in 2020 and goes even further to help protect and preserve the planet. EY US promised to not only become carbon negative but to reduce total emissions by 40% - consistent with a science-based target - and achieve net zero in 2025.

For the latest EY insights on ESG in real estate, visit: ey.com/en_us/esg-in-real-estate-hospitality-and-construction.

About CREtech

CREtech is Reimagining Real Estate. We are the largest international community of professionals devoted to technological innovation in the real estate sector. Our mission is to help the industry embrace, adopt and future proof their businesses. Our intelligence, streaming, event and consulting platform inspires the next generation of ideas, processes and people to champion the world's largest asset class.

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