Seeing is Believing: Unlocking the Low-Carbon Real Estate Market
How do we unlock the low-carbon real estate market? This is the question we set out to answer when co-founding Leaders of the Urban Future 18 months ago, partnering with Systemiq to convene a group of global investors, representing $0.5trn in unlisted real estate AUM, at the forefront of decarbonizing our industry Together with key standard setters and ratings bodies, and other real estate investors, we've worked to understand how to accelerate decarbonization and unlock demand for low-carbon buildings. Seeing is Believing: Unlocking the Low-Carbon Real Estate Market sets out our findings from our collective action project, outlining a 'North Star for net zero' for real estate investors
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We need a market where carbon and energy data are shared and used like financial data to inform decision-making. Performance transparency and clear 1.5°C-aligned or better targets enable the market to properly identify, price, and demand low-carbon buildings and portfolios.
Investors can play a key role in delivering this through (1) stimulating demand for transparency; (2) driving better ratings tools; (3) facilitating data sharing; and (4) advocating for policy.
Transparency is not a silver bullet, but it is a crucial part of unlocking the low-carbon real estate market, helping investors deliver better, lower-carbon buildings whilst creating and preserving value.
Over the last 18 months, we’ve been working closely with Systemiq, key standard setters and ratings bodies, and other real estate investors including ATP, BlackRock, HOOPP, Ivanhoé Cambridge, Norges, Pictet, and Victory Group, as part of the LOTUF project to understand how to accelerate decarbonization and unlock demand for low-carbon buildings.
Seeing is Believing: Unlocking the Low-Carbon Real Estate Market sets out the key findings from our collective action project on what is needed to achieve a collective 'North Star' for real estate decarbonization.