Sustainability

Sustainability is not just a step in the process. It’s how we do business. We have a vision to lead with sustainable solutions, working for thriving communities, empowering our employees and fostering trust through governance. We have a global commitment to becoming NetZero by 2050 or sooner, and to achieve this, we are leading the charge in real estate that meets the demands of today and tomorrow.

Our respect for the environment is integrated into all aspects of our operations, including the responsible use of energy, the management of natural resources and the reduction of waste, which demonstrates our ongoing commitment. We also prioritize the health, safety and well-being of our employees, reflecting these values in our internal policies and processes.

We have implemented a comprehensive strategic approach to our climate front, focusing on the journey to become Net Zero by 2050 or earlier. The priority front of emissions reduction seeks diversification towards the use of renewable sources. In parallel, we have an offsetting strategy, focused on neutralizing residual emissions.

Our decarbonization plan began with a diagnostic to understand the company’s position relative to its peers, as well as trends and objectives, identifying the importance of pursuing more ambitious climate goals. Part of the process included analyzing the most emitting activities in the value chain, to obtain a clear overview of our responsibilities. We also examined decarbonization scenarios, assessing our current performance, alternatives, costs and potential risks.

Overall Net-Zero Target: Brookfield Properties Brazil commits to reach net-zero greenhouse gas emissions across the value chain by 2050.

Near-Term Targets: Brookfield Properties Brazil commits to reduce absolute scope 1 and 2 GHG emissions 42% by 2030 from a 2023 base year.* Brookfield Properties Brazil also commits to reduce absolute scope 3 GHG emissions from purchased goods and services and use of sold products 25% within the same timeframe.*

Long-Term Targets: Brookfield Properties Brazil commits to reduce absolute scope 1 and 2 GHG emissions 90% by 2050 from a 2023 base year.* Brookfield Properties Brazil also commits to reduce absolute scope 3 GHG emissions from purchased goods and services, capital goods, fuel and energy related activities, waste generated in operations, use of sold products and downstream leased assets 90% within the same timeframe.*

*The target boundary includes land-related emissions and removals from bioenergy feedstocks.