In major urban centers, industrial assets also recognize and understand the importance of ESG, as well as the importance of certifications. Thiago Cordeiro, CEO of GoodStorage, explains that these certifications represent an environmental commitment.

"Our pursuit of certification reinforces our commitment to making the logistics process even more sustainable for everyone. It's a tangible commitment to environmental sustainability that also contributes to our operational efficiency," he comments.

The company Cordeiro leads has self-storage units and industrial properties within the city of São Paulo. One of the logistics complexes, in Vila Anastácio, recently obtained the LEED Gold sustainability seal – achieving energy and water reduction.

Cordeiro tells the REsource team that, despite the challenges, he aims to achieve total energy efficiency in his developments. Moreover, the company culture encourages tenants to follow ESG practices; in fact, some tenants already have the goal of electrifying their fleets by 2030.

"The ideal scenario would be to achieve 100% energy efficiency, but there is still a long journey to be built and traveled by companies. On our part, there is a strong incentive for fleet electrification. In all GoodStorage's parks, which are located within the city of São Paulo, there is infrastructure for the decarbonization of tenants' routes," says the executive.

In Brazil, the energy efficiency movement is still taking its first steps, while in the global north, the pursuit of alternative energies is already established. For instance, in 2019, Taurus Investment Holdings, a real estate private equity firm, led by Peter A. Merrigan, created RENU Communities, a branch focused on decarbonizing real estate assets.

The company is participating in New Jersey's Community Solar Program, where it will use the rooftops of newly acquired developments for solar panel installation. It is expected that the implementation of this technology will offset the portfolio's annual carbon emissions by over 300%.

In fact, the United States is a reference in solar energy production, to the extent that it has been reported that European companies are migrating to the North American country due to the subsidies granted to companies. An example is Meyer Burger, which will close its factory in Germany and open in the land of Uncle Sam.