Driving Net Zero Forward in Real Estate

If the real estate industry is to contribute to the global climate change challenge effectively, it must make significant commitments to the progression of Net Zero Carbon goals.

Whilst many real estate fund managers have made these commitments, to progress, organisations need to identify and implement improvement programmes at asset level, where the emissions happen.

Specifically designed to enable clients to identify asset level budgets to transition to net zero carbon, EVORA has created a desk-based net zero assessment solution, overseen by technical specialists. It provides a fast and efficient alternative to established in-depth assessments.

SIERA’s Net Zero assessments follow a simple four-stage approach:

Stage 1 > Data Collection

SIERA Net Zero uses a data collection template, (tailored to different sectors) to collect information including location, energy consumption levels, asset type, heating/cooling/ventilation setup and occupancy.

Stage 2 > Analysis

The analysis will be completed to assess the current carbon footprint, the opportunities at the asset, the resulting impact on the carbon footprint, indicative financial cost, and then a proposed sequencing of interventions.

Stage 3 > Reporting

EVORA will prepare a net zero report for each asset and action plans are then incorporated into SIERA for ongoing management of improvement programmes.

Stage 4 > Implementation

On completion and as required, EVORA can then provide ongoing advisory support to track and manage improvement programs.