Breaking down the communication barrier: : How to talk lk about Scope 3 effectively Carbon Credentials 19/09/2019 www.carboncredentials.com www.carboncredentials.com www.carboncredentials.com
Speakers Chair Sam Ca Sa Carson Emma Wats tson Rich ichard Twin inn Emil ily Ha Hamilt lton Director of Senior Consultant, Senior Policy Advisor, Senior Sustainability Manager, Sustainability, Carbon Credentials UKGBC Grosvenor Britain & Ireland Carbon Credentials
Who we are Strategy Data Energy Performance People Clients 14% 14% In Inte tegrit ity Savings Cu Curi riosit ity 43,000 bui build ldin ings gs Exc xcell llence Dat Data from from ove over 60 60 cou ountrie ies 20 mi milli lion on dat data po points uploaded dail uplo daily Col Colla laborativ ive Asse sset Performance Perf Programme Prog 5
First of all: what is Scope 3?
Recognising… Tenant Value Chain Materials and Construction Climate Risk Corporate Activities Impacts in Property Cycle
Life cycle emissions: Stock of Incompatible aggregated carbon emissions associated with a site. (tCO 2 e) Metrics? Embodied carbon emissions: Stock of carbon associated with a product or material (tCO 2 e) Scope 3 emissions: Organisation level reporting flow , reported annually (tCO 2 e/y)
Properly Ass ssessin ing Clim limate Ri Risk sks Screening Reviewing Improving Monitoring Decisions Reporting to Stakeholders
Poll Question 1 What is the most important benefit to reporting Scope 3?
Result
Poll Question 2 Do you feel that the Commercial Real Estate industry is reporting Scope 3 emissions properly?
Result
Ric ichard Twinn Senior Policy Advisor UKGBC
Scope 3 Guidance for commercial real estate Richard Twinn Senior Policy Advisor
Needs analysis Lack of guidance Need “consistency relating to reporting methodologies” Lack of utilisation Need to raise “non -sustainability professionals awareness” Lack of available data Need an “accepted approach to estimating tenant data” Barriers Opportunity
Document overview The UKGBC guide details how CRE companies can:
Reporting drivers Scope 3 emissions reporting
Interpretation Inconsistent reporting • Estimating supply chain emissions • Accounting for transfer of buildings • Estimating tenant emissions Greenhouse CRE Guide Gas Protocol
Project supporters Report authors www.ukgbc.org/scope3guidance
Thank you www.ukgbc.org/scope3guidance ANZ@ukgbc.org #AdvancingNetZero
Emma Watson Senior Consultant Carbon Credentials
Commercial real estate companies are addressing the >600 climate change challenge by setting science-based targets Companies have • Commit to reduce emissions in line with keeping global committed to set temperature increase to well-below 2 degrees SBTs • If Scope 3 value chain emissions > 40%, set Scope 3 targets that cover 2/3 emissions >200 Companies with approved targets ~5 Companies joining the Call to Action every week
Commercial real estate companies have faced challenges in setting science-based targets Calculating tenant Dealing with bought and emissions sold developments Complicated supply chains Embodied carbon vs. Scope and partner relationships 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. Understanding your hotspots allows you to take climate action and tackle the most material impacts. 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.
Poll Question 3 Have you conducted a Scope 3 screening?
Result
UKGBC Webinar, Scope 3 CRE Emily Hamilton, GBI
Reputations are built over time …and ours has been 340 years in the making New corporate structure adopted with a strategy of diversification Land comes into the Grosvenor family, signalling the beginnings of the property business Belgravia is created in London Development begins in Liverpool ONE We develop, manage and London’s Mayfair becomes a catalyst invest in property in more for major urban than 60 cities around the regeneration world with the aim of contributing to their enduring success The business expands internationally 29
Sustainability in its current form isn’t working 30
We must prioritise the environment 31
GBI’s Sustainability Priorities BRING OUR PARTNERS WITH US 32
GBI’s 2030 and 2050 sustainability goals Goals Focus 2030 2050 • Achieve net zero carbon in our directly managed • Climate positive for our Climate Change buildings portfolio and public realm • Reduce & report on embodied carbon emissions • Achieve significant net biodiversity gain in standing • Achieve water neutrality portfolio and large development sites across our directly Value Nature • Avoid losing biodiversity that cannot be offset by managed buildings gains elsewhere and incorporate green infrastructure across our portfolio • Achieve zero non-hazardous waste from our directly • Eradicate all non managed buildings and developments hazardous waste from Eradicate Waste communities where we operate • All tiers of priority suppliers compliant with supply chain charter Bring our Partner • Influence and engage occupiers with Us • Share our lessons learned to drive innovation 33
Carbon Emissions Coverage and Reporting Currently Tracked and Reported 34
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” 35
Q&A
Thank You The slides and recording will be sent to you shortly 19/09/2019 www.carboncredentials.com www.carboncredentials.com www.carboncredentials.com
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