news—11.09.2022

Clarion Partners Outlines Net Zero Roadmap and Other Key Initiatives in Latest ESG Report

Press Release


Clarion Partners LLC, an independent investment manager of Franklin Templeton, has issued its annual report detailing the firm’s wide-ranging environmental, social and governance (ESG) initiatives.

“As the global ESG landscape evolves, Clarion is committed to being a leader in the commercial real estate industry, seeking to advance our efforts and prioritize ESG in our investment strategies and in our workplace,” says Chief Executive Officer David Gilbert.

The firm has achieved many ESG-related milestones over the past year, including:

  • ​​Development of a comprehensive net zero roadmap

Working alongside its stakeholders and local communities, Clarion has developed and has begun implementing a comprehensive net zero roadmap that consists of energy efficiency programs, sustainable development and the use of on-site and off-site renewable energy. This roadmap is aligned with achieving our Urban Land Institute (ULI) Greenprint Net Zero goal.

  • ​Expansion of climate risk mitigation and resilience program

Clarion continues to refine and implement its risk management and resilience strategy to build a more sustainable portfolio by assessing climate-related risks, conducting a survey of risk mitigation features and developing a risk management plan for its assets.

  • Investments in building greater diversity in the commercial real estate industry

Clarion formed a Diversity, Equity and Inclusion (DEI) Council to build a more diverse and inclusive organization to deliver better outcomes for the firm’s employees and clients. The DEI Council will continue to expand Clarion’s core initiatives, including the Women’s Leadership Network and summer internship program with the PREA Foundation and SEO (Sponsors for Educational Opportunity), and extend Clarion’s DEI program externally through the enhancement of its vendor diversity program.

The Clarion Partners 2021-22 ESG Report can be accessed here​.

Chief Investment Officer Jeb Belford notes, “We recognize that fostering a low-carbon, resilient portfolio is a value-add strategy that speaks directly to the needs of investors and tenants alike. We see these programmatic drivers as core components of responsible investing practices.”

The 56-page report provides governance information on the firm’s ESG framework and leadership, relationships with key industry organizations, climate risk management, and transparency and reporting. For environmental, it details the firm’s net zero roadmap, performance metrics and reductions, green building certified and energy rated properties, and two case studies. Social initiatives are grouped under diversity, equity and inclusion (DEI), workforce, employee community involvement and tenant engagement, and one case study.​

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Investment in real estate is speculative and involves significant risk. For more information about certain of the material risks and limitations associated with Clarion Partners’ investment advisory products, strategies and services, please see Clarion’s current Form ADV Part 2A brochure, which is available on the SEC’s Investment Adviser Public Disclosure website at https://adviserinfo.sec.gov/firm/summary/108803. Investors should consider their investment objectives, and it is strongly suggested that the reader seek his or her own independent advice in relation to any investment, financial, legal, tax, accounting or regulatory risks and evaluate their own risk tolerance before investing.

This material does not constitute investment advice, nor does it constitute an offer in any product or strategy offered by Clarion Partners LLC or Clarion Partners Europe, and should not be viewed as a current or past recommendation to buy or sell any securities. Any specific investment referenced may or may not be held in a Clarion Partners client account. It should not be assumed that any investment, in any property or other asset, was or will be profitable.

All Clarion Partners LLC and Clarion Partners Europe statistics, data and charts, including but not limited to assets under management (AUM), ESG data, sector data and property data, as well as data related to our investors, tenants and employees, are as of 6/30/2022 unless otherwise noted.

Photos used in this website were selected based on visual appearance, are used for illustrative purposes only, and are not necessarily reflective of all the investments in a Clarion fund or portfolio or the investments a Clarion fund or portfolio will make in the future.

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