CRREM North America Project
Sign up for the working groups here.
What is CRREM?
The Carbon Risk Real Estate Monitor (CRREM) is a leading global initiative for establishing targets for operational carbon emissions for standing real estate investments consistent with the ambitions of the Paris agreement. CRREM released decarbonization pathways that translate the efforts of limiting global warming to 1.5°C by the end of the century into regionally- and property-type-specific trajectories. Investors worldwide use the CRREM tool to assess, price, and mitigate carbon performance and stranded asset risk in their real estate investments. Learn more about CRREM here.
What is the CRREM North America project?
CRREM, ULI, and the Lawrence Berkeley National Lab (LBNL) are partnering to create more granular curves for the US and Canada. The project team is engaging a broad set of real estate industry stakeholders to inform this process by hosting a virtual working group, chaired by Elena Alschuler from LaSalle Investment Management. There are four virtual working groups that are open to the public for the real estate industry to provide feedback on the project’s priorities, such as including additional data sources, to enable more granular curves for North America.
- Session 1: “CRREM 101” and opportunities to improve the North American curves (May 2nd, 11:00am ET)
- Session 2: Deep dive into half of the prioritized opportunities (June 6th, 11:00am ET)
- Session 3: Deep dive into half of the prioritized opportunities (June 21st, 11:00am ET)
- Session 4: Review draft work product (Mid November, 11:00am ET)
Based on this input, LBNL will produce a scientifically independent report that enables CRREM to propose a set of more granular curves for the US and Canada, subject to CRREM’s approval processes. Once the draft product is complete, there will be a public comment period to gather input. At the project’s conclusion, the working group will become the CRREM North America Industry Committee to provide ongoing feedback to CRREM for future iterations of the North American curves. The project team will build awareness around the more granular curves through educational materials and a webinar.
CRREM Resources
- Methodology document
- Reference guide
- CRREM pathways
- CRREM tool – (Includes CRREM’s Official FAQ’s)
- CRREM North America Working Group FAQs
How can I get involved?
Anyone is welcome to join the working group sessions. Sign up here!
Not able to join the working group sessions but would like to provide your input? Email [email protected] to be included in the review of public comment.
