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BPIE - A PARIS-PROOF RETAIL REAL ESTATE SECTOR

Download the full report HERE!

 

According to the 2020 Buildings Global Status Report, the buildings and construction sector accounts for 35% of final energy use and 38% of energy and process-related carbon dioxide (CO2) emissions globally. The new report by the Buildings Performance Institute Europe (BPIE) shows that the retail real estate (RRE) sector will have to play a major part in achieving carbon neutrality by 2050.

 

The report is a status quo analysis of existing policy and market approach to climate change actions and strategies relevant to the RRE sector, and represents the starting point for developing a common vision and language on how to decarbonise the sector. It aims to identify relevant policy and market developments that can inform tailored recommendations to industry players and policy makers in order to be in line with the Paris Agreement.

The report consists of three main sections:

  • A review of existing EU legislation that impacts the decarbonisation of the sector.
  • An overview of market initiatives including metrics and targets, definitions of zero-carbon buildings and other tools available to the RRE community that could provide critical pointers towards the appropriate level of ambition in terms of low-carbon performance.
  • A discussion of the key issues and challenges related to carbon measurement, setting targets, and developing and implementing mitigation strategies.

Read the full report and learn more about the key role of the retail real estate sector in the fight against climate change!