Case Study: Leading European institutional real estate investor
From Fragmented Data to Strategic Insight: EVORA Established a Robust Net Zero Baseline for an Institutional Real Estate Fund
"EVORA’s support in enabling us to derive a robust baseline from our data has helped to inform our Decarbonisation Dashboard model and enable us to generate forecasts for our portfolio’s energy intensity.”
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The Challenge
Our client, a leading European institutional real estate investor, has a strong responsible investment ethos embedding sustainability throughout its strategy.
EVORA supported a property fund with £500m GAV in the UK which has set ambitious climate goals:
- 31.5% reduction in carbon intensity by 2030 (Scopes 1, 2 and 3)
- Net zero across the portfolio by 2050 or sooner
To deliver on these commitments, the Fund required a credible emissions baseline across a diverse and evolving portfolio — essential for long-term decarbonisation planning and progress tracking.
This meant navigating challenges such as fragmented data, acquisitions and disposals, refurbishments, and the need for accuracy and consistency across all assets.
Our Approach
EVORA developed a bespoke tool to establish a robust net zero carbon baseline, using meter-level data dating back to 2019.
The tool produces validated, reliable emissions data in a format that feeds directly into the wider company decarbonisation tool, supporting scenario modelling and strategic decision-making.
To manage the complexity of a dynamic portfolio, the tool follows a structured work-flow that:
1. Consolidates and cleanses meter-level data from multiple sources
2. Applies correct time coverage to account for acquisitions, disposals and refurbishments
3. Fills gaps intelligently using time and floor area extrapolation
4. Runs rigorous validation checks against CIBSE, REEB and ASHRAE performance limits
5. Benchmarks against similar assets to flag anomalies
6. Delivers fully validated outputs ready for strategic use in SLAM
The result: raw operational data is trans-formed into decision-grade insights, enabling accurate baseline setting, investment planning and net zero progress tracking.
Key Outcomes
This work provides the Fund with a defensible starting point for regulatory disclosures.
The dataset has been rigorously validated and delivered in a format that integrates seamlessly with the company decarbonisation tool, enabling scenario modelling and strategic investment planning.
This foundation gives investors the right confidence in the Fund’s transition pathway.
