Investa has announced a major six-year Energy Services Agreement (ESA) with Origin Energy Electricity Limited, reinforcing its commitment to net zero emissions across its managed building portfolio in New South Wales and the Australian Capital Territory.
The agreement, effective from 2025 to 2031, will see Investa procure renewable energy certificates equivalent to approximately 31.5 GWh of generation annually — enough to cover 100 per cent of its projected electricity demand for the period.
The ESA is underpinned by a Power Purchase Agreement (PPA) between Origin and Stockyard Hill Wind Farm, which will serve as the primary source of Large-scale Generation Certificates (LGCs).
This partnership enables Investa to maintain its Climate Active certification, allowing the company to continue claiming 100 per cent renewable electricity under the Climate Active framework using a market-based approach.
Sally Franklin, Chief Operating Officer, Real Estate at Investa, highlighted the strategic importance of the agreement: “Our partnership with Origin continues to provide Investa managed buildings with competitively priced renewable electricity.
“It will provide the opportunity to continue to address scope 2 carbon emissions, which made up 97 per cent of our managed building’s scope 1 and 2 emissions footprint in the baseline year 2015.
“It will also support our ESG strategy in continuing to achieve net zero scope 1 and 2 emissions targets over the next six years.
“Our investment in renewable electricity procurement is crucial for transitioning our managed funds and buildings to a low-carbon economy, aligning with the Investa management platform’s ESG strategy, Transform Tomorrow.”
James Magill, Executive General Manager at Origin Zero, added: “Origin is pleased to be supporting Investa on its journey towards net zero with a tailored energy supply agreement that helps it achieve its emissions reductions targets.”
Since July 2023, Investa-managed buildings have already sourced 100 per cent of their electricity demand from renewable sources through the purchase and surrender of GreenPower and LGCs.
The new ESA with Origin extends this renewable procurement beyond existing agreements, further strengthening Investa’s sustainability credentials.
The agreement builds on Investa’s recent achievement of net zero scope 1 and 2 emissions for its managed buildings, including the Investa Commercial Property Fund (ICPF) and Investa Gateway Offices Fund (IGO), achieved ahead of its 2025 target.
Consultancy ERM Energetics and legal services firm Ashurst supported Investa in executing the agreement.
This milestone is one of several initiatives contributing to Investa’s broader goal of achieving net zero emissions across its operations.
