Technology & Data

Real Estate Gets Carbon Footprint Tracking Tool

The Global Real Estate Sustainability Benchmark (GRESB), an organisation providing standardised ESG data to financial markets, has released the Carbon Footprint Dashboard for investors. The tool uses asset-level data to offer real estate investors oversight of energy usage and greenhouse gas (GHG) emissions within their portfolios. This, GRESB said, will assist them in making informed decisions that benefit both their investments and the planet. Through the dashboard, investors will be able to visualise and analyse data on a per-country and per-property-sector basis, filling in any data gaps with the dashboard’s estimation model, with the overall goal to meet disclosure requirements. Real estate investors are subject to substantial challenges in determining their portfolio’s carbon footprint due to incomplete data, GRESB explained, which the new tool aims to address. It will do so by using building data points – such as floor size, location, and property subtype – to generate estimations from a global database of over 170,000 assets globally. In addition, the dashboard is aligned with the Partnership for Carbon Accounting Financials’ methodology to ensure that investors can calculate their share of energy consumption and GHG emissions according to globally recognised standards. “The launch of the Carbon Footprint Dashboard reinforces our commitment to providing invaluable tools that drive positive environmental impact within the real estate sector,” said Sebastien Roussotte, CEO of GRESB. 

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