Deutsche Asset Management Reaches Energy Savings Goal within US Real Estate Portfolio

Deutsche Asset Management’s (Deutsche AM) Alternatives business has achieved its energy savings goal three years ahead of schedule as part of the US Department of Energy’s Better Buildings Challenge, a national initiative designed to improve energy efficiency in buildings, plants and homes in the US by 20% by 2020.

Since the initiative’s launch, Deutsche AM saved 237.8 billion BTUs across the properties portfolio of more than 5 million square feet that it manages for funds and institutional clients. These savings mitigated 48,984 metric tons of CO2, which is equivalent to 10,350 single passenger cars driven per year. In addition, in 2016 Deutsche AM invested 2.3 million dollars in energy efficiency projects in the US, garnering a return on investment of 23% over the year.

“We are thrilled to have hit our 20% savings goal ahead of time as part of this initiative,” said Todd Henderson, Head of Real Estate, Americas. “Our real estate business strives to preserve and enhance risk-adjusted returns through a comprehensive sustainability strategy designed to reduce environmental risks, increase the efficiency of our properties, and deliver high-quality spaces for our tenants. Our achievement as part of the Better Buildings Challenge demonstrates Deutsche Asset Management’s ability to execute on this strategy as well as its longstanding commitment to sustainability.”

The Better Buildings Challenge now represents 4.4 billion square feet, over 1,000 manufacturing plants, 51 cities and states and a diversity of building owners, manufacturing firms, municipalities, financial institutions, and utilities. Participants in this initiate are working collaboratively to create and share implementation models that can help the marketplace move more quickly to adopt energy efficiency measures.

“Congratulations to Deutsche Asset Management for achieving its 20% energy reduction goal as part of the Better Buildings Challenge,” said Kathleen Hogan, Deputy Assistant Secretary for Energy Efficiency at the US Department of Energy. “We are inspired by the leadership, hard work and willingness to share ideas that our partners have demonstrated and are looking forward to their next goals and milestones.”

Real estate is part of Deutsche AM’s Alternatives business, a global investment platform that is responsible for 48.2 billion dollars in assets under management (as of March 31, 2017). With an investment heritage that spans more than four decades, Deutsche AM is among the largest alternatives managers in the world and provides investors access to investment solutions in direct real estate; direct infrastructure; real estate and infrastructure securities, and commodities; private equity; sustainable investments; and hedge funds.

Read more about Better Buildings Challenge partner results, showcase projects and innovative solutions being shared with others in the 2017 Progress Report.

Deutsche Asset Management

With EUR 723 billion of assets under management (as of March 31, 2017), Deutsche Asset Management1 is one of the world’s leading investment management organizations. Deutsche Asset Management offers individuals and institutions traditional and alternative investments across all major asset classes.

An investment in real estate involves a high degree of risk, including possible loss of principal amount invested, and is suitable only for sophisticated investors who can bear such losses.

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1 Deutsche Asset Management is the brand name of the Asset Management division of the Deutsche Bank Group. The respective legal entities offering products or services under the Deutsche Asset Management brand are specified in the respective contracts, sales materials and other product information documents.