"ABP backs new business focusing on reducing carbon emissions in the real estate sector"
In the ongoing mission to combat climate change, the Amsterdam-based start-up Next Sense has secured a significant partnership. This partnership, with ABP - a €529bn pension fund for Dutch public sector workers, is an example of ABP's impact investment strategy.
Next Sense, a company specializing in decarbonising real estate assets, utilizes artificial intelligence to develop more efficient uses of energy. The start-up already works with large corporations, including Chanel, AXA Investment Managers, and Microsoft.
ABP, known for its active investments in climate-related innovations, has allocated resources for investing in start-ups and scale-ups as part of its impact investment strategy. The deal with Next Sense is one of many potential investments under ABP's impact investment strategy, which aims to invest €30bn in the climate transition. €10bn of this investment plan is designated for impact investments.
The partnership aims to invest in Next Sense, a software developer that specializes in tracking the energy efficiency of commercial real estate such as offices and shops. Next Sense plans to use the investment to scale its AI Smart Building platform globally.
While details about ABP's specific partnership with Next Sense are not publicly available, ABP's commitment to the climate transition is evident. The fund is part of the "PortZero" consortium, which secured £1.1 million UK government funding to develop a zero-emission port solution using carbon capture technology. ABP's strategy also emphasizes leveraging technology to accelerate the energy transition and develop new business models around clean energy at maritime hubs.
For the most accurate and current details about ABP's climate and sustainability investments related to AI and smart building technologies, checking ABP’s official press releases or recent news directly might be necessary. This partnership with Next Sense is a promising step forward in ABP's efforts towards a more sustainable future.
- ABP, in line with its impact investment strategy, is considering an investment in Next Sense, a software developer specialized in energy efficiency tracking for commercial real estate.
- As part of its commitment to climate transition, ABP plans to utilize the investment in Next Sense's AI Smart Building platform to scale its operations globally and accelerate the development of sustainable technologies in real-estate finance.
