CRREM – Carbon Risk Real Estate Monitor
Find out here how the carbon intensity of your property affects its value and how an effective decarbonization strategy can help increase its value. Contact us
CRREM: Decarbonization strategy for the building sector
The Carbon Risk Real Estate Monitor(CRREM) provides the real estate industry with transparent and science-based decarbonization pathways aligned with the Paris climate goals: limiting the global temperature increase to a maximum of 2°C.
These decarbonization pathways enable industry stakeholders to assess carbon and stranding risks that arise with changing market expectations and regulatory requirements and fall into the category of “transition risks”.
The changes that climate change is bringing to the economy, everyday life and living conditions are already being felt: higher temperatures are changing lifestyles and the demands placed on urban infrastructure.
A higher frequency of extreme weather events requires buildings and living spaces to be more resilient.
Climate changes have a direct impact on the quality and maintenance costs of buildings and infrastructure.
It is therefore essential to modernize real estate portfolios and to plan new constructions and renovations sustainably in order to withstand these constantly changing conditions.
Failure to do so would significantly reduce the quality and value of existing buildings if they do not meet changing requirements.
The aim of CRREM is to
- accelerate the decarbonization of the EU real estate sector,
- strengthen its resilience to climate change,
- make the stranding risk for individual properties and portfolios assessable,
- minimize climate-related transition risks associated with the shift to a more sustainable construction sector,
- To provide guidance for owners and investors in the real estate sector and thus support investments in energy retrofits,
- demonstrate feasible, effective and science-based ways to reduce CO2 emissions.
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