Energy & carbon team highlights
Our Energy and Carbon team has been delivering several exciting projects this year.
For the following organisations, we have developed carbon baselines, net zero strategies, and ESG strategies:
UNITY REAL ESTATE: The real estate arm of Unity group, a private investment group in shipping and real estate. We created their carbon baseline, net zero and ESG strategies.
AMBIENT SUPPORT: A registered UK charity, with nearly 30 years of experience in elderly care services. We created their carbon baseline and net zero strategy.
MONTAGU EVANS: A property consultancy offering planning and development advice to the real estate sector. We created their carbon baseline and are currently setting Science Based Targets across their Scope 1, 2 & 3 emissions and providing recommendations on reducing their carbon footprint.
THE KING’S FUND: An English health charity providing insights and resources on health and social care policy and practice. We created their carbon baseline and carbon reduction plan.
Our services extend beyond desktop analysis. We also collaborate with clients to close data gaps, estimate missing data, conduct Scope 3 mapping, and improve data capture and reporting. Collaborative workshops with key stakeholders are used to develop net zero and ESG strategies, where we discuss and agree on key performance indicators (KPIs), targets, and recommendations.
Additionally, we conducted net zero audits and provided decarbonisation recommendations for the following clients:
FIERA REAL ESTATE: We conducted net zero audits for their Refresco and Brewdog industrial warehouses.
ANTHOS FUND AND ASSET MANAGEMENT: We provided recommendations for decarbonisation of private homes located in Wimbledon and Cumbria.
BYWATER PROPERTIES: We conducted a net zero audit for their retail and office building located in Glasgow – McLellan works.
BERKELEY ESTATE ASSET MANAGEMENT: We provided a net zero audit for their London corporate office building.
Our comprehensive service includes site audits, interviews with asset and facility managers, utility data review, calculations, and the development of audit reports with cost-effective recommendations. We also perform transition risk assessments using Carbon Risk Real Estate Monitor (CRREM).
Furthermore, we have supported architects and consulting firms in their carbon baseline and decarbonisation efforts:
CAST: We helped this real estate and construction consultancy achieve carbon neutrality.
TP BENETT: We supported this architecture firm in complying with Streamlined Energy and Carbon Reporting (SECR) and Energy Savings Opportunity Scheme (ESOS) requirements.
BANYARDS: We developed the carbon baseline for this engineering consultancy.
We have also facilitated organisations’ access to sustainable finance and helped them meet the requirements of various financial institutions. Specifically, we have assisted real estate clients in securing and maintaining Sustainability Linked Loans by developing sustainability strategies, key performance indicators, and sustainability performance targets aligned with the Loan Market Association’s Sustainability Linked Loan principles. Additionally, we have acted as third-party verifiers for these targets.
We are excited to announce that we have recently won the carbon baseline and net zero strategy work for an international architecture, urbanism and design practice with several studios across the world. We look forward to delivering this in the New Year!
Lastly, we successfully won and delivered the carbon baselining work for Abrdn plc, a global investment company. We developed carbon baselines for three of their real estate funds, each consisting of 30-60 assets of different classes. Despite data availability challenges in the real estate industry, particularly for leased assets with occupier control, we used reliable data estimation methodologies and verified their actual data before calculating baselines. We have established a strong and positive relationship with Abrdn plc and look forward to working with more of their funds in the coming year.
