

Article
Decarbonization of the real estate sector: European property companies at the forefront


Article
Decarbonization of the real estate sector: European property companies at the forefront
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Direct and indirect energy consumption of buildings [1] is responsible for about 24% of global emissions. The scenarios of the IEA (International Energy Agency) estimate that the building sector will have to reach net-zero emissions by 2050 to align with the objectives of the Paris Agreement.
Massive decarbonization efforts are therefore essential, particularly concerning the existing building stock. A significant part of these efforts will have to come from businesses – they own most commercial properties in the world and a portion of residential buildings. This article demonstrates that European companies tend to perform better than their American and Asian counterparts.
To evaluate the performance of real estate companies, two criteria were chosen: the first being the Carbon Impact Analytics score, which evaluates the overall performance of the company, and the second being the carbon intensity of the buildings leased by the company. 130 property companies were analysed according to these two criteria; the results are presented in this study.
Decarbonization of the real estate sector: European property companies at the forefront

1.
Direct energy consumption refers to energy consumed directly on site, usually for heating (fuel oil or gas), whilst indirect energy consumption refers to energy that has not been produced on site, such as electricity or heat.
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