Carbon Risk Real Estate Monitor (CRREM) Portfolio Analysis
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As a signatory to the Paris Climate Accord, Canada has committed to achieve overall net zero GHG emissions by 2050 and real estate is expected to play a large part in this effort.
There are financial implications of a stricter regulatory environment regarding carbon intensity on the building stock. Properties that will be exposed to the risk of early economic obsolescence due to climate change because they will not meet future regulatory efficiency standards or market expectations are at risk of becoming “stranded assets".
Scius is a recognized provider of Carbon Risk Real Estate Monitor (CRREM) services. CRREM is a new and powerful tool that helps building owners to manage the risks associated with decarbonizing your real estate portfolio while unlocking new business opportunities.
Scius worked with The Delphi Group as part of a strategic carbon consulting project for one of Canada’s largest commercial property owners. Our role was to gather information for over 800 properties worldwide and input it into CRREM. From there, we undertook a comprehensive analytical process that summarized, in a succinct report, the key facts and considerations that the owner needed to know to successfully manage transition risks associated with decarbonizing their portfolio.