{"id":8749,"date":"2023-06-07T13:31:11","date_gmt":"2023-06-07T13:31:11","guid":{"rendered":"https:\/\/cfpgreenbuildings.com\/?p=8749"},"modified":"2023-12-05T09:53:31","modified_gmt":"2023-12-05T09:53:31","slug":"futureproof-your-real-estate-using-the-new-crrem-module-in-the-green-buildings-tool","status":"publish","type":"post","link":"https:\/\/cfpgreenbuildings.com\/news-and-cases\/futureproof-your-real-estate-using-the-new-crrem-module-in-the-green-buildings-tool\/","title":{"rendered":"Futureproof your real estate using the new CRREM module in the Green Buildings Tool"},"content":{"rendered":"\n
En route to 2050, property owners, investors, managers and their banks are experiencing increasing pressure from the Paris Agreement and intensifying regulations. At the same time, they face the risk of stranded assets*. In order to monitor these, the Carbon Risk Real Estate Monitor (CRREM) was launched in 2018. Many research institutions and organisations engaged, but getting the right data and mapping the way forward is not as simple as ABC. This article will explain what CRREM is and what (data) is needed to make real estate future-proof. <\/em><\/p>\n\n\n\n (Reading time: 4 minutes)<\/em><\/p>\n\n\n\n CRREM is an initiative that drives substantial energy savings in buildings to stay within the climate targets of the Paris Climate Agreement. CRREM looks at the energy use and operational CO2 emissions of buildings and portfolios. Pathways have been drawn up for commercial sectors to stay within the 1.5 to 2-degree carbon budget for each country. CO2 emissions and consumption must remain below the decarbonisation pathway line to avoid being labelled as a stranded asset.<\/p>\n\n\n\n The main objective of CRREM is to contribute to increasing energy efficiency investment in the real estate sector by addressing the need to further understand the down-side-risk of climate change on real estate.<\/p>\n\n\n\n We previously wrote about the impact of sustainable developments on the real estate sector<\/a>. The continuous tightening of regulatory frameworks for ESG brings ambiguities and requires a considerable time investment. With CRREM being embraced by an increasing number of banks and used in annual reporting, the need for automated reporting for entire portfolios is growing. That’s why we are adding a CRREM module to our Green Buildings Tool<\/a>. This module can quickly flag stranded assets at the level of an individual building or indicate the distribution of CRREM alignment across a portfolio.<\/p>\n\n\n\nWhat is CRREM?<\/h3>\n\n\n\n
CRREM module in the Green Buildings Tool<\/h3>\n\n\n\n