Real estate stands as a colossal emitter of CO2, accounting for approximately 40% of the world’s CO2 emissions. Serving as the place where people spend about 90% of their daily lives, it is a pivotal sector in the transition towards a decarbonized society. Major cities worldwide are expanding decarbonization regulations concerning real estate and adaptation to these measures has become a crucial factor influencing economic performance for financial institutions and real estate businesses.
The forum will explore use cases of the Carbon Risk Real Estate Monitor (CRREM), a global decarbonization tool in real estate asset management, and examples of real estate decarbonization initiatives undertaken by global institutional investors in various cities worldwide. The real estate specific case study from the Be Smart Tokyo project, spearheaded by the Tokyo Metropolitan Government in partnership with emerging startups, will also be featured. Networking opportunities will be provided to facilitate exchanges between real estate and financial professionals and environmental startups based in CIC Tokyo.