The real estate sector is a major consumer of energy and a significant contributor to CO2 emissions, responsible for over 40% of global energy consumption and 20% of greenhouse gas emissions annually. With building-related CO2 emissions expected to rise by 56% by 2030, it’s crucial to assess and mitigate the environmental footprint of real estate.
Key Metrics and Tools to Measure Environmental Impact
To effectively manage the environmental impact of real estate, several metrics and tools have been developed, including energy benchmarking software, carbon footprint calculators, and sustainability assessment frameworks. Here are some of the most widely used tools and rating programs:
Real Estate Impact Analysis Tool
Developed by the United Nations Environment Programme (UNEP), this tool enables detailed impact assessments for real estate assets and portfolios, supporting investment decisions and long-term impact monitoring.
GRIHA
The Green Rating for Integrated Habitat Assessment (GRIHA) is an indigenous building rating system developed in India. It assesses non-air-conditioned or partially air-conditioned buildings, focusing on national environmental concerns and regional climatic conditions.
BREEAM
The Building Research Establishment’s Environmental Assessment Method (BREEAM), developed in the UK, is one of the earliest and most comprehensive building assessment methods, covering various building types including offices, homes, and schools.
CASBEE
The Comprehensive Assessment System for Building Environmental Efficiency (CASBEE) from Japan assesses buildings based on their life cycle and includes criteria such as ecology, human environment, economic efficiency, operation and management, and community and society impact.
GB Tool
Developed by the International Framework Committee for the Green Building Challenge, the GB Tool is designed to reflect regional conditions and includes criteria like site selection, environmental loadings, energy and resource consumption, indoor environmental quality, and social and economic aspects.
Embrace Sustainability in Real Estate
Understanding and managing the environmental impact of real estate is crucial for sustainability. By leveraging these tools and metrics, businesses can mitigate their environmental footprint, enhance their reputation, attract investment, and ensure long-term success.
Ready to take the next step in sustainable real estate? Contact us today to learn how our property and ESG consulting services can help you implement these essential ESG principles.
