Real Estate

Asset with emissions intensity required by the sector and regional pathway for 2050 and whose operational model will maintain this performance.

Emissions performance: Current absolute or emissions intensity is at least equal to a relevant net zero pathway.

Decarbonisation plan: Development and implementation of a quantified plan setting out a decarbonisation strategy for scope 1, 2, and material scope 3 emissions.

Governance: Governance/management responsibility for targets and/or decarbonisation plan.

Disclosure: Disclosure of scope 1 and 2 emissions, and disclosure of material scope 3, in line with regulatory requirements where applicable or the PCAF Standard.

Targets: Short and medium term targets for scope 1, 2 and material scope 3 emissions in line with science-based ‘net zero’ pathway. These may be absolute, or intensity based: a) where available, a sectoral decarbonisation / carbon budget approach should be used; b) minimum for other assets is a global or regional average pathway.

Ambition:
A long term goal consistent with the global goal of achieving net zero by 2050.