CRREM Work Shop Ireland 23rd October 2024

As the transition accelerates, real estate owners with well-articulated long-term strategy and clear plan to address the transition to zero emission buildings (ZEB) will distinguish themselves with their stakeholders, tenants, shareholders and employees.

Course context

The real estate Sector is responsible for 37% of Global emissions, recognizing this the EU green deal, is driving climate action through the finance sector with stringent carbon emission reporting standards and disclosure requirements. Assets and portfolios that fail to demonstrate an environmental performance pathway that aligns with the goals of the Paris agreement to decarbonise in line with 1.5'C targets, risk being subject to market obsolescence and higher financing costs.

The course is being run in person to allow attendees understand the intricacies of the tool and how to evaluate difficult scenarios like refinancing, mixed use buildings and cross national portfolios. On the day Irish Sustainability practitioners will outline their experience of utilising the tool to evaluate the climate impact of large portfolios and identify a pathway to 2030 targets and net zero goals. Last years event was attended by almost 30 professionals in finance, sustainability and real estate. This year the focus will be in the environmental metrics required by the CSRD Corporate Sustainability Reporting Directive and in particular the need to generate accurate decarbonisation planning targets and the importance of evaluating the investment impact from inaction.

Learning Outcomes include

• The regulatory context and the transition to a low carbon economy.

• Setting goals that can be measured against Corporate Commitments like Net Zero, Science based Targets or Paris Proof dates.

• Evaluating risk, exposure and opportunity.

• Identifying Stranded assets and Value at risk.

• Worked examples, standing assets and refurbishments.

• Understanding operational carbon, energy in use and embodied carbon.

• Value at risk, calculation the brown discount of assets as they diverge from Paris Aligned goals