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Green Governance - CRREM X EPRA

A systematic approach to reducing emissions within Real Estate

The “Green Governance – Feasible Net Zero Transition Plans in the Real Estate Industry.” is another great resource for real estate owners and investors committed to sustainability.

Just published by CRREM - Carbon Risk Real Estate Monitor and EPRA (European Public Real Estate Association).

Here are the key components:

Seven-Step Green Governance Framework - This framework guides real estate companies through a sequence of strategic actions needed to achieve Net Zero emissions.

The steps include:

  • Assessment: Evaluating current emissions against benchmarks.
  • Goal Setting: Defining specific, measurable targets.
  • Strategy Development: Crafting actionable plans tailored to unique property portfolios.
  • Organizational Alignment: Modifying internal policies to support these goals.
  • Implementation: Executing sustainability initiatives at operational levels.
  • Monitoring and Reporting: Tracking progress and making results available to stakeholders.
  • Feedback and Adjustment: Refining strategies based on observed outcomes.

Overcoming Challenges: The guide discusses challenges like maintaining regulatory compliance and avoiding greenwashing. It suggests enhancing organizational transparency and staying updated with regulatory changes as solutions.

Technological Advancements: Focus on the deployment of green technologies such as smart meters and energy-efficient systems that support better management practices and reduce environmental impacts.

Illustrative Case Studies: Detailed examples from the industry provide insights into how various companies have successfully integrated these practices into their business models.

For real estate professionals aiming to align with global Net Zero targets, this guide offers both strategic direction and practical tools necessary for the transition. It is a great resource for anyone looking to deepen their commitment to sustainable development within the real estate sector.

Read the report here: Green Governance Report

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