What is Carbon Net-Zero?

Carbon net zero for investors and commercial asset owners

The growing demand of climate-conscious consumers is pushing the building industry to develop ‘carbon-neutral’ properties that use renewable energy sources for power, heating and cooling. Investors and commercial asset owners are looking for ways to mitigate their carbon emissions.

Carbon-neutral buildings are more efficient, use less water and generate less waste. These improvements can be achieved by using materials that require less energy to produce and install, as well as by designing buildings with improved thermal performance.

Creating a pathway to Carbon Net-Zero

Report: Identify the steps for reducing both direct and indirect emissions. Place a high priority on ESG throughout the life cycle of your investment.

Implement: Create a business case for climate strategy and understand the effects on your business/asset.  Engage a consultant to ensure that all ESG-related projects themselves are undertaken in an environmentally, socially, and economically sustainable way.

Measure: Create an annual, ongoing process for measuring and monitoring greenhouse gas emissions. Implement a reporting platform which enables benching marking.

Improve: Drive continuous improvement by engaging with occupiers, staff, and customers. Establish an ongoing review process that assesses climate ambition and carbon reduction potential.

The Evia promise is to deliver all our services through a sustainability lens, taking a holistic view of the asset or portfolio. We are leading Ireland’s real estate on the journey to zero carbon. Talk to us today about your journey.

An interesting article on employers and ESG obligations by the Irish Times.

View Source – irishtimes.com

All employers in Ireland have ESG obligations and a strategy based on alignment with UN sustainability goals makes sense and creates a clear road map for tackling environmental impact.

The United Nations’ 17 Sustainable Development Goals (SDGs), agreed upon by all UN member states, are designed to address some of the world’s most urgent sustainability challenges. Using the 17 goals as a way of benchmarking your ESG policy is a very effective way of creating well round policy.

Holistic approach to ESG policies:

  1. Every business or asset is different and an ESG strategy must be bespoke if it is to be effective.
  2. Establish your goals and desired outcomes.
  3. Engage with all stakeholders.
  4. Carry out a costing report.
  5. Appoint a ESG team lead or champion within your business.
  6. Certifications ensure showcase accountability.
  7. Include your supply in all ESG policies.
  8. Strategies need to evolve to all aspects of ESG and business operations.

Creating or updating an ESG policy

Creating or updating an ESG policy can be a daunting process, engaging with a third party can be a great first step on the road to a strategically sound ESG policy. At Evia we are helping companies invested in the Property sector on the journey to zero carbon and providing advice on how they can implement these SDG’s in their business. Daniel McGivern talks about how he is making a change to effect positive change.

The effects of Global warming have been very evident for everyone to see in recent months and have left no doubt in even the most sceptical minds, change is needed and fast. Daniel has always been passionate about #sustainability and has made sure to make this a key operational practice in any of his roles to date.

The area of #sustainability, #carbonreduction and #carbonneutrality is something Daniel has always looked at making into a career choice and when the opportunity to join Evia – Sustainable Real Estate came about, he jumped at the chance. Daniel added;

“Having worked in the Facility Management sector for over 14 years, the idea of bringing more sustainable operational practices and helping clients on the journey to #carbonneutrality is something that really excited me. The expertise within Evia – Sustainable Real Estate is outstanding and I am inspired to work with the team and our sister company Bannon to make a real change in the Real Estate sector.”

Evia was established in 2019. Since then, Evia promise to deliver all services through a sustainability lens, taking a holistic view of the asset or portfolio. The Evia approach offers certainty, compliance, protection and enhancement of value. We do this through four strategic services:

We look forward to an exciting year with Evia, leading Ireland’s real estate on the journey to zero carbon. Talk to us today about your journey.

Making a small change can effect a positive global change.

The whole ESG, Sustainability and Carbon Net Zero world can be a mass of complicated information which leads to uncertainty around what are the right steps to take when trying to reduce the carbon impact of any workplace.

What should we start with? How do we start? Is this the right thing to do?

The key to reducing environmental impact is a behavioural change from the highest-level right throughout the workplace and as simple as it might sound, the first step should be as easy as starting with something, anything. That something can be as small as introducing a ban on single use plastic bottles or adding sustainability to a meeting agenda.

Engagement and ownership are key to any culture or behavioural change and appointing a sustainability lead will create a champion and ensure it is kept on the agenda. 

Making sustainable changes is not only the right thing to do but with current energy prices it now also makes economic sense. There are number of cost neutral changes that any workplace can implement.

Treating your aircon and heating like lighting by turn off or reducing in rooms that are not in use can have a big impact. Review your office capacity and create trends in staff start and finish times. This can be an effective way to introduce down times e.g., people mainly finish in the office at 17:30 so we can time the heating/aircon to shut off at 16:30.  If your workplace is a hybrid model, creating footfall trends can also be used to track days that capacity reduces and implementing a plan to reduce usage on these days.

Natural light doesn’t cost anything and not only has no effect on the environment but can have a positive impact on staff. Reviewing natural light blockers like cabinets, desk positions etc can have a great impact on lighting and reduce overall usage or dependencies on electricity. 

Changes that come at a cost can easily be off set against the long-term savings made by reducing usage. Smart metering can be used to identify leaks and peaks in water and electricity usage. Identifying leaks and peaks is key to understanding when usage can be reduced, for example if your footfall trend confirms that the office is empty at 18:00 every day but the electricity usage is at the same levels as 16:00, you can investigate and make the necessary changes.

Benchmarking is key to the world of Carbon Net Zero and using internal benchmarking can be a very effective way to reduce usage. Asking questions like, “Why did last Friday have a 30% increase in usage when compared to the previous four Fridays”?

Engaging with a third party to carry out energy and water audits can be a great way to get a holistic overview and will normally identify areas that significant savings can be made. Reviewing the workplace BER, energy, water usage and making recommendations on reviewing, implementing, and improving will create a sustainable approach to sustainability.