25 July 2024
Longevity Partners today announces the launch of a groundbreaking Decarbonisation Dashboard, a proprietary interactive tool designed to help tackle the challenge of decarbonising the global real estate sector. This innovative tool empowers asset managers and commercial real estate professionals to track carbon emissions, optimise energy consumption, and streamline compliance with environmental regulations, from a simple, user-friendly interface.
The real estate sector has one of the largest sectoral carbon footprints and is responsible for about 40% of all greenhouse gas emissions globally. Longevity’s digital dashboard has been designed to track these emissions and outline decarbonisation pathways for commercial real estate portfolios of any scale.
Built in-house, Longevity’s Decarbonisation Dashboard can provide a clear view of carbon emissions, enabling informed decision-making and the integration of environmental considerations into ESG strategies. It does this by combining building performance data and energy audit results to estimate decarbonisation pathways at various levels, from individual assets to entire portfolios. By tracking progress on specified carbon reduction goals, businesses can identify opportunities for energy consumption reduction, optimise resource use, and ultimately reduce costs.
Sustainability reporting legislation including, CSRD, SFDR, SECR, CSDDD and the SEC’s climate disclosure rule, require corporates and asset managers to track carbon emissions and implement optimisation measures at scale while maintaining flexibility. This dashboard addresses these requirements, providing a scalable and flexible interface that enables users to adjust implementation scenarios and communicate results effectively to key stakeholders. Whether at the asset, fund, or portfolio level, the dashboard can provide insights that help professionals understand and achieve their decarbonisation goals. The dashboard can also drill down and simplify data, for interpretation and compliance support with local regulations and sustainability reporting requirements, reducing administrative tasks and mitigating the risks of non-compliance.
The dashboard’s interface is customisable, and it can compare performance against client-defined targets and provide detailed breakdowns of results. Whether setting goals for reducing Scope 1 & 2 emissions or exploring hypothetical scenarios, the dashboard offers insights and actionable plans, including cost and timeline estimates.
The Decarbonisation Dashboard works alongside mandatory energy audits and is part of a set of tools being developed by Longevity Partners to help businesses achieve their net zero emissions targets by 2050, or sooner.
A leading global insurance and investment management company who were the first institution to trial the new dashboard, commented: “We were challenged with coming up with a consistent methodology to decarbonise our global portfolio, at scale, in a cost-effective manner. The dashboard is an excellent tool for us to begin visualising and prioritising our next steps.”
Etienne Cadestin, CEO of Longevity Partners commented: “Developing decarbonisation plans for large real estate portfolio owners or occupiers can be challenging. Our dashboard is exactly what is needed to quantify climate transition plans and manage their implementation. This tool has the capacity to revolutionise the real estate sector’s approach to sustainability by unlocking tangible and actionable insights to progress towards a more sustainable future. Longevity remains committed to creating innovative tools that are so desperately needed to deliver the climate goals at scale and we look forward to releasing additional tools very soon.”