Universal Principles for Carbon Pricing in the Real Estate Sector
The real estate industry has an opportunity to play a prominent role in accelerating the transition to a low-carbon economy. Internal carbon pricing serves as a powerful mechanism to support this transformation by more closely aligning corporate financial objectives with strategic climate goals. Despite this potential, adoption and preparedness for carbon pricing within the real estate sector has remained slow compared to its industry peers.
Achieving industry alignment on carbon pricing is critical to ensure that a strong and consistent message reaches the full real estate value chain. To address this need, seven leading real estate organisations—EPRA, GREEN, IIGCC, INREV, RICS, ULI, and WBCSD—have joined forces to develop a pioneering set of universal internal carbon pricing principles.
Universal Principles for Carbon Pricing in the Real Estate Sector introduces key principles to guide organisations in the real estate industry. The recommendations are intended to assist companies that are looking to take concrete steps towards advancing their net zero commitments and reducing their carbon footprint. For companies prepared to take action now, this is the C Change report to consider. For more information about carbon pricing and case studies from companies who have already implemented one, see the companion report: Accelerating Accountability: The Case for Carbon Pricing.
The ULI C Change programme aims to support our industry to speed up and scale up decarbonisation. For more information, please visit the C Change webpage.
Report Summary: The real estate industry has an opportunity to play a prominent role in accelerating the transition to a low-carbon economy. Internal carbon pricing serves as a powerful mechanism to support this transformation by more closely aligning corporate financial objectives with strategic climate goals. Despite this potential, adoption and preparedness for carbon pricing within the real estate sector has remained slow compared to its industry peers.
Achieving industry alignment on carbon pricing is critical to ensure that a strong and consistent message reaches the full real estate value chain. To address this need, seven leading real estate organisations—EPRA, GREEN, IIGCC, INREV, RICS, ULI, and WBCSD—have joined forces to develop a pioneering set of universal internal carbon pricing principles.
Universal Principles for Carbon Pricing in the Real Estate Sector introduces key principles to guide organisations in the real estate industry. The recommendations are intended to assist companies that are looking to take concrete steps towards advancing their net zero commitments and reducing their carbon footprint. For companies prepared to take action now, this is the C Change report to consider. For more information about carbon pricing and case studies from companies who have already implemented one, see the companion report: Accelerating Accountability: The Case for Carbon Pricing.
The ULI C Change programme aims to support our industry to speed up and scale up decarbonisation. For more information, please visit the C Change webpage.