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 five virtual working group sessions 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: Discussion on stakeholder feedback about EUI (October 5th, 12:00pm ET)
- Session 5: Presentation of draft CRREM curves for North America and start of 30 day public comment period (March 5, 2024)
LBNL will publish the final curves in July 2024 for CRREM to consider in its approval process. 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.
