Decarbonize your real estate at scale
Five key areas to address in your portfolio strategy
Decarbonizing a complex real estate portfolio is a multifaceted journey for both owners and tenants. The end goal is to hit carbon-reduction targets to meet incoming regulations and align with today’s expectations of a responsible business. The good news is that by crafting the right decarbonization strategy and implementing timely measures, owners and tenants can create value in the process.
For tenants, decarbonization is an opportunity to reduce operational costs, improve their energy security and, most importantly, show employees that they’re “walking the walk” on sustainability. For owners, making buildings more sustainable can protect and add financial value through higher rents, better liquidity, new revenue opportunities through solar or vehicle electrification and improved resilience to a changing climate.
Decarbonizing real estate takes time, planning and investment, but there’s a clear route to follow. And with the latest expertise, tools and technology, it is easier than ever to significantly cut emissions at scale.
So, how can owners and tenants get the right plans in place to transition their real estate portfolios to net zero? There are different attributes at the building, organizational and technology levels to consider. Individual buildings will vary in size, age, location and usage. Lease dates, cooperation between owner and tenants, and energy procurement solutions are among additional considerations when deciding on the optimal strategy and timeline across a portfolio of buildings.
This playbook offers five strategies to guide your portfolio decarbonization journey:
Put the right internal team in place
Leverage data effectively
Prioritize assets
Get the most from investments
Bring owners and tenants together toward a common goal