GOTHENBURG, Sweden, Aug. 27, 2020 /PRNewswire/ — As a result of the corporate’s main place inside sustainability, Castellum has been invited to take half in the EU financed mission Carbon Threat Actual Property Monitor (CRREM). CRREM gives the true property business a complete framework centered on carbon threat publicity and potential methods on how to cut back this threat.
“We really feel honored and joyful about being chosen for this essential mission. As one of many pilots, we have been concerned in the general public session part of the framework. By sharing our experiences and concepts on the way to cut back CO2 emissions within the operations with CRREM, Castellum will maintain contributing to a brand new business customary,” says Filip Elland, Head of Sustainability at Castellum.
Local weather change poses severe threats to financial progress, poverty discount, high quality of life and political stability on the planet. It’ll additionally impression the standard and worth of buildings and infrastructures. Actually, local weather change could endanger the enterprise of actual property corporations if no measures are taken to rework the property. Subsequently, a stronger deal with local weather change threat administration is crucial. Dangers and uncertainties have to be adequately understood, and measures taken to determine clear, long-term and credible incentives within the means of stopping local weather change. Technique and threat administration should be certain that particular person efforts to mitigate CO2 inside their portfolio are adequate to meet EU targets – or risking to not meet future market expectations and changing into “stranded belongings”.
“Having Castellum on board already within the preliminary testing part was a serious step ahead for us. Plenty of different institutional traders adopted making CRREM an enormous success,” says professor Dr Sven Bienert, mission chief of the CRREM-consortium.By setting science-based carbon discount pathways, CRREM goals to construct a methodological physique that will help stakeholders in quantifying and disclosing climate-related dangers in the true property sector.
The Carbon Threat Actual Property Monitor (CRREM) covers the business actual property sector – together with retail, workplaces, and logistics – in addition to the residential sector, throughout North America, Asia-Pacific, and 28 nations in Europe. CRREM supplies the actual property business with clear, science-based decarbonisation pathways aligned with the Paris Local weather Objectives of limiting international temperature rise to 2°C, with ambition in the direction of 1.5°C. The CRREM analysis consortium consists of 5 well-known establishments, all with years of expertise within the subject of carbon analysis, from varied European nations: IIÖ Institute for Actual Property Economics (Austria), College of Alicante (Spain), Ulster College (UK), GRESB (Netherlands) and Tilburg College’s TIAS Enterprise College (Netherlands).
Castellum is considered one of Sweden’s largest listed actual property corporations with a property worth of SEK 97 billion. We’re lively in 17 Swedish progress areas in addition to in Copenhagen and Helsinki. Day by day, 250,000 individuals go to work in our premises. We develop versatile workplaces and logistics options in shut proximity to metropolis centres and with a lettable space of four.three million sq. meters. One in all our sustainability objectives is to be utterly local weather impartial by 2030. Castellum is the one Nordic actual property firm chosen by the Dow Jones Sustainability Index (DJSI). The Castellum share is listed on the Nasdaq Stockholm Massive Cap.
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Head of Sustainability
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