This tool helps companies establish a net-zero strategy and monitor migration risks
Hundreds of real estate companies CRREM (Carbon Risk Real Estate Monitor) A risk assessment tool to align portfolios with the carbon reduction targets set by the UN Paris Agreement. As part of this agreement, the EU committed to decarbonizing the building sector by 2050.
This tool does more than chart a path to net zero for individual properties or portfolios.It also helps owners determine their property Transition risk—Risk of building value being eroded by regulations, taxes and penalties arising from poor carbon performance.
CRREM adoption will increase significantly in 2022. In September, the Council of the European Private Property Investors Association (back reverse) has authorized to sign a license agreement with CRREM. capital monitorInrev has 497 corporate members, including 121 of the largest institutional investors and 40 of the 50 largest real estate fund managers.
Additionally, several associations and data providers partnered with the organization this year, including the European Public Real Estate Association, Carbon Accounting Finance Partnership, MSCI and the Science Based Targets initiative. By partnering with data providers, CRREM will be able to offer a broader and more diverse set of pathways over time.
How the CRREM Risk Assessment Tool Works
This Excel-based tool reveals in clear and precise numbers how stringent building codes, regulations and expected increases in carbon prices will leave companies with current and future liabilities in the form of stranded assets. to The tool can also be used to model the impact of retrofits and other decarbonization strategies on assets.
This is valuable work, but transferring data to CRREM can be manual and intensive. Entering all the required building data into the CRREM tool is tedious and time consuming. It takes an estimated 30 minutes per building. You can also get environmental performance data from GRESB, his ESG framework in general for real estate. However, this information is updated only once a year, so there is a risk of missing decarbonization opportunities by dealing with outdated information.
How Measurabl streamlines processes
As a preferred CRREM partner, Measurabl integrates directly with risk assessment tools. Our CRREM export tool allows you to instantly populate your CREM reports with data from your Measurabl application.
In just a few seconds, Measurabl’s CRREM export tool auto-populates information on building characteristics, energy usage and renewable energy for entire portfolios or selected properties. The choice is yours. Measurabl’s CRREM export is the fastest path to decarbonization-related insights available. Join industry leaders who have incorporated CRREM into their ESG strategies, saving valuable time and resources in the process. Get started today.
