"CRREM": A Global Initiative/Tool for Decarbonization Approaches
What is CRREM (Carbon Risk Real Estate Monitor)?
It is a software specialized in the "E" for Environment in ESG (Environmental, Social, and Governance).
It was developed to support the business processes necessary for the decarbonization of buildings managed by investors, funds, and asset management companies. It provides solutions for setting real estate management targets and managing their progress in accordance with the Paris Agreement goals (to keep the increase in global average temperature to well below 2°C above pre-industrial levels and to pursue efforts to limit the temperature increase to 1.5°C). It helps reduce the heavy burden costs for the real estate industry due to greenhouse gas emissions from buildings, and achieve sustainable operation and maintenance. Over 1,000 institutional investors worldwide utilize CRREM's resources.
Please explain the specific functions.
To briefly explain the "CRREM decarbonization pathways" function: if you set the property use and the country-specific decarbonization pathway, it can present an operational roadmap, broken down by schedule, for achieving decarbonization reduction targets. For example, if the amount of greenhouse gas emissions from property operations consistently falls below CRREM's target values (achieving the target), it can be demonstrated that "this portfolio can respond to future transition risks." Conversely, if emissions exceed the indicated target line, measures to reduce transition risk need to be considered. This system is available for all real estate markets and property types in major countries worldwide.
The "CRREM Tool" links with Paris Agreement targets for stakeholders such as institutional investors and lenders, identifies assets at high risk of stranding due to pathway deviation, and analyzes the effectiveness of renovations.
More effective target setting and endorsement depend on creating transparent data and implementing management based on appropriate indicators aligned with the Paris Agreement goals. Furthermore, it is crucial to advance while mitigating transition risks. CRREM provides solutions in this area.
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"CRREM": A Global Initiative/Tool for Decarbonization Approaches
What is CRREM (Carbon Risk Real Estate Monitor)?
It is a software specialized in the "E" for Environment in ESG (Environmental, Social, and Governance).
It was developed to support the business processes necessary for the decarbonization of buildings managed by investors, funds, and asset management companies. It provides solutions for setting real estate management targets and managing their progress in accordance with the Paris Agreement goals (to keep the increase in global average temperature to well below 2°C above pre-industrial levels and to pursue efforts to limit the temperature increase to 1.5°C). It helps reduce the heavy burden costs for the real estate industry due to greenhouse gas emissions from buildings, and achieve sustainable operation and maintenance. Over 1,000 institutional investors worldwide utilize CRREM's resources.
Please explain the specific functions.
To briefly explain the "CRREM decarbonization pathways" function: if you set the property use and the country-specific decarbonization pathway, it can present an operational roadmap, broken down by schedule, for achieving decarbonization reduction targets. For example, if the amount of greenhouse gas emissions from property operations consistently falls below CRREM's target values (achieving the target), it can be demonstrated that "this portfolio can respond to future transition risks." Conversely, if emissions exceed the indicated target line, measures to reduce transition risk need to be considered. This system is available for all real estate markets and property types in major countries worldwide.
The "CRREM Tool" links with Paris Agreement targets for stakeholders such as institutional investors and lenders, identifies assets at high risk of stranding due to pathway deviation, and analyzes the effectiveness of renovations.
More effective target setting and endorsement depend on creating transparent data and implementing management based on appropriate indicators aligned with the Paris Agreement goals. Furthermore, it is crucial to advance while mitigating transition risks. CRREM provides solutions in this area.