This is a notable article on fundraising by a well established fund, driven by sustainability performance, and more particularly CAPEX on portfolio assets. The direction of travel is clear and this is a marker as to the state of play. Perhaps we will see more and more funds driving towards a net zero position, rather than risk lagging behind peers and underlying investor/ occupier sentiment. Yet, unquestionably, as the regulatory regime tightens, net zero driven CAPEX will not be viewed through the lens of the “nice to have”, but as an absolute necessity.