The Carbon Risk Real Estate Monitor (CRREM) is a tool that provides the real estate industry with well-founded and transparent decarbonization pathways for buildings. These pathways are aligned with the requirements of the Paris Climate Agreement. CRREM also takes sector-specific and regional factors into account to determine the necessary reduction in CO2 emissions during the operational phase. This allows asset managers and property owners to identify which buildings in their portfolio are at high risk of failing to meet regulatory requirements and being classified as "stranded assets." CRREM also calculates the likely timing of such a classification. "Stranded assets" lose value before the end of their economic lifespan because they no longer meet environmental standards.
In commercial building operations, using CRREM enables strategic planning to reduce the carbon footprint and improve energy efficiency. By identifying high-risk areas and prioritizing investments, long-term competitiveness and property value can be increased. Retrofit projects can be efficiently supplemented by the range of features offered by the aedifion cloud platform, which includes automated room temperature and lighting control, as well as AI-based analysis and management of HVAC systems. Asset managers also benefit from sustainability reporting based on reliable metrics, providing early transparency into a property's development potential.
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