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Status Planned for future release
Workspace IBM Envizi - ESG Suite
Categories Building Ratings & Benchmarks
Created by Guest
Created on May 9, 2023

RELATED IDEAS

Envizi integration with Carbon Risk Real Estate Monitor (CRREM)

The European Union intends to decarbonize the building sector by 2050. Investment in retrofit could benefit the EU by up to EUR 175 bn per year. One of the biggest challenges for the reduction of GHG emissions results from the poor energy efficiency of existing buildings and still too low refurbishment rates in virtually all member states of the European Union. The reduction of the EU carbon footprint requires a significant increase of energetic retrofits in the existing property stock. The reduction of carbon-risk factors associated with premature obsolescence and potential depreciation due to changing market expectations and legal regulations are key objectives of the EU-funded research project CRREM (Carbon Risk Real Estate Monitor). CRREM aims at supporting the industry to tackle these risks and foster investments in energy efficiency as many assets will become ‘stranded’ properties that will not meet future energy efficiency standards and whose energy upgrade will not be financially viable.

Idea priority Medium
Needed By Not sure -- Just thought it was cool
IBM Wide Managed Tags: Ideas Type: Functional, Type: Sustainability_Software_Field, Market: EMEA - MEA, Market: EMEA - CEE, Market: EMEA - France, Market: EMEA - SPGI, Market: EMEA - UKI, Market: APAC - Australia & New Zealand, Market: EMEA - DACH, Market: EMEA - Italy, Market: APAC - ASEAN, Market: EMEA - Northern Europe
  • Post comment
  • Admin
    Eugene Yu
    Reply
    |     Jul 14, 2023

    Thanks for raising the idea in Aha about the integration with CRREM.

    We have a roadmap item for producing a generic CRREM power report, to be used for property performance tracking against CRREM science based emission and energy intensity targets. In addition, intensity target and intensity actual reporting capabilities will also be part of the release so that customised power report could be built by using the standard monthly data set, to facilitate any intensity reporting needs.

    The CRREM power report will likely be avaiilable by end July or early August - we will provide an update here once more details are available.

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