Breaking down the communication barrier: : How to talk lk about - - PowerPoint PPT Presentation

www.carboncredentials.com www.carboncredentials.com www.carboncredentials.com

Breaking down the communication barrier: : How to talk lk about Scope 3 effectively

Carbon Credentials

19/09/2019

Chair Speakers

Emma Wats tson Senior Consultant, Carbon Credentials Rich ichard Twin inn Senior Policy Advisor, UKGBC Sa Sam Ca Carson Director of Sustainability, Carbon Credentials Emil ily Ha Hamilt lton Senior Sustainability Manager, Grosvenor Britain & Ireland

5

Who we are

People Clients Energy Performance Strategy Data

In Inte tegrit ity Cu Curi riosit ity Exc xcell llence

43,000 bui build ldin ings gs Dat Data from from ove

• ver 60

60 cou

• untrie

ies

14% 14%

Savings

Col Colla laborativ ive Asse sset Perf Performance Prog Programme

20 mi milli lion

• n dat

data po points uplo uploaded dail daily

First of all: what is Scope 3?

Recognising…

Climate Risk

Tenant Value Chain Materials and Construction Corporate Activities Impacts in Property Cycle

Incompatible Metrics?

Life cycle emissions: Stock of aggregated carbon emissions associated with a site. (tCO2e) Embodied carbon emissions: Stock of carbon associated with a product or material (tCO2e) Scope 3 emissions: Organisation level reporting flow, reported annually (tCO2e/y)

Properly Ass ssessin ing Clim limate Ri Risk sks

Screening Reviewing Monitoring Improving Decisions Reporting to Stakeholders

What is the most important benefit to reporting Scope 3?

Poll Question 1

Result

Do you feel that the Commercial Real Estate industry is reporting Scope 3 emissions properly?

Poll Question 2

Result

Ric ichard Twinn Senior Policy Advisor

UKGBC

Richard Twinn Senior Policy Advisor

Scope 3 Guidance for commercial real estate

Needs analysis

Barriers Opportunity

Lack of available data

Need an “accepted approach to estimating tenant data”

Lack of guidance

Need “consistency relating to reporting methodologies”

Lack of utilisation

Need to raise “non-sustainability professionals awareness”

Document overview

The UKGBC guide details how CRE companies can:

Reporting drivers

Scope 3 emissions reporting

Inconsistent reporting

Greenhouse

Gas Protocol

Interpretation

CRE Guide

• Estimating supply

chain emissions

• Accounting for

transfer of buildings

• Estimating tenant

emissions

Project supporters

www.ukgbc.org/scope3guidance

Report authors

www.ukgbc.org/scope3guidance ANZ@ukgbc.org #AdvancingNetZero

Thank you

Emma Watson Senior Consultant

Carbon Credentials

Commercial real estate companies are addressing the climate change challenge by setting science-based targets

Companies with approved targets

>600

Companies have committed to set SBTs

>200

Companies joining the Call to Action every week

~5

• Commit to reduce emissions in line with keeping global

temperature increase to well-below 2 degrees

• If Scope 3 value chain emissions > 40%, set Scope 3 targets that

cover 2/3 emissions

Commercial real estate companies have faced challenges in setting science-based targets

Calculating tenant emissions Dealing with bought and sold developments Complicated supply chains and partner relationships Embodied carbon vs. Scope 3 emissions

The Scope 3 screening is the first step to understanding your total impacts

A Scope 3 screening is first pass evaluation of Scope 3 emissions, with the aim of understanding the most significant sources along the value chain.

The SBTi encourages companies to develop full Scope 3 inventories, but the high-level screening is the first and minimum step a company should complete.

Understanding your hotspots allows you to take climate action and tackle the most material impacts.

Have you conducted a Scope 3 screening?

Poll Question 3

Result

UKGBC Webinar, Scope 3 CRE

Emily Hamilton, GBI

29

Land comes into the Grosvenor family, signalling the beginnings

• f the property business

Development begins in London’s Mayfair Belgravia is created in London The business expands internationally

…and ours has been 340 years in the making

New corporate structure adopted with a strategy

• f diversification

Liverpool ONE becomes a catalyst for major urban regeneration We develop, manage and invest in property in more than 60 cities around the world with the aim of contributing to their enduring success

Reputations are built over time

30

Sustainability in its current form isn’t working

31

We must prioritise the environment

32

GBI’s Sustainability Priorities

BRING OUR PARTNERS WITH US

33

GBI’s 2030 and 2050 sustainability goals

Goals 2030 2050

• Achieve net zero carbon in our directly managed

buildings

• Reduce & report on embodied carbon emissions
• Climate positive for our

portfolio and public realm

• Achieve significant net biodiversity gain in standing

portfolio and large development sites

• Avoid losing biodiversity that cannot be offset by

gains elsewhere and incorporate green infrastructure across our portfolio

Focus

• Achieve zero non-hazardous waste from our directly

managed buildings and developments

• Eradicate all non

hazardous waste from communities where we

• perate
• All tiers of priority suppliers compliant with supply chain charter
• Influence and engage occupiers
• Share our lessons learned to drive innovation

Climate Change Value Nature Eradicate Waste Bring our Partner with Us

• Achieve water neutrality

across our directly managed buildings

34

Carbon Emissions Coverage and Reporting

Currently Tracked and Reported

35

Scope 3 Gap Analysis

• All 15 GHG Protocol Scope 3

categories have been screened for relevance, excluding “use of sold products” and “end of life treatment of sold products”

• Scope 3 emissions are estimated

to make up over 95% of total footprint

• Top 3 sources of Scope 3

emissions are:

• “Downstream leased assets”

(i.e. tenant emissions )

• “Purchased goods &

services” (inc. embodied carbon)

• “Fuel-and-energy related

activities”

Q&A

www.carboncredentials.com www.carboncredentials.com www.carboncredentials.com

Thank You

The slides and recording will be sent to you shortly

19/09/2019