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AFL-CIO

AFL-CIO logo

 

Challenge Commitment

$150

MillionGoal Achieved

Progress as of June 2014

$695

Million

BACKGROUND

The American Federation of Labor and Congress of Industrial Organizations (AFL‐CIO) and its affiliated labor unions are engaged in a major effort to find ways for skilled labor, Taft‐Hartley and public employee retirement funds to be appropriately engaged in energy‐saving building retrofits and infrastructure improvements across America. In addition to making investment managers aware of the many compelling investment opportunities in building retrofits and infrastructure, the AFL‐CIO will undertake an energy‐efficiency retrofit of its own headquarters to serve as a signature component of the Better Buildings Challenge. The AFL‐CIO will work with existing real estate‐focused investment funds to invest $150 million of capital in energy-efficient retrofits of commercial, multifamily, institutional and public buildings.

Markets Served

All types of buildings could be addressed by one of the several investment funds, which the AFL-CIO is engaging. Recent investments have been particularly in the low‐income multi‐family residential sector.

Products and services

AFL‐CIO is demonstrating the way forward for institutional investors to capture the value of energy efficiency investments.

Markets Served by AFL-CIO

Building Types

  • All

Occupancy Types

  • All

Types of Upgrades

  • All

Financing Structures

  • Institutional Investments in Real Estate Funds