Building on investments in technology, communities for a sustainable future

Source: The Business Times

Meredith Balenske, global head of ESG, recently sat down with The Business Times and shared how GLP thinks about sustainability and how the business is positioning itself for a clean energy future.

"As developers and operators of real assets - the largest part of our business - the main focus is to minimise carbon emissions in the construction process," Balenske said.

This can be achieved through the use of materials that are less carbon-intensive, or by employing construction methods that require less earth movement. "By moving more earth, you're actually burning more fuel to even drive the machinery to move the ground off the land," she said.

GLP is also looking to minimise carbon emissions from fuel consumption by switching to solar power and minimising its reliance on the grid.

In 2020, GLP had solar capacity of 224 megawatts (MW) from 2.4 million sqm of solar panels installed at 120 of its properties globally. Its goal had been to double that by this year, with an additional 250MW across 75 properties. And the company is now aiming for a further doubling: "We should be at 1 gigawatt capacity by the end of 2023."

GLP's ESG efforts have helped the company raise billions in sustainable financing. It also believes in building better environments for people where it operates.

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