In 2017, Monash University made a commitment to achieve Net Zero emissions by 2030. Our award winning Net Zero Initiative aims to facilitate the transition to an energy-efficient, renewable energy-powered future by transforming and utilising campus assets and to date have invested $37 million in capital upgrades to reduce our energy usage and carbon emissions and have made significant progress against our targets.
To prepare ourselves for the move to 100 per cent renewable energy, we're re-thinking the design of our new buildings and retro-fitting our old buildings to be state-of-the-art spaces for comfort and performance. Our new buildings are all electric with roof top solar, designed to Passive House principles to achieve low energy demands and high occupant comfort. We have also set a target for all existing campus buildings to be electrified by by 2030.
We have reduced our energy intensity (GJ/m2) by 24 percent between 2015 to 2021.

Monash has a policy to divest from fossil fuels and this commitment was formalised in our first ESG statement launched in December 2016. Progress reports were published in 2018 and 2021. Our new ESG statement launched in Oct 2021 reaffirms this commitment. Monash was first University to sign UNPRI in 2017.