Carbon Risk Real Estate Monitor (CRREM)
A research and innovation project that defines science-based decarbonisation pathways for the commercial and residential real estate sectors to manage transition risks and align with Paris targets.
The CRREM project provides commercial real estate managers and investors with a tool to help them align their properties and portfolios with the goals of the Paris Agreement, and avoid investments that might strand in the future due to stricter environmental policies.
In a first step, the consortium developed decarbonisation pathways based on scientific data for different building types. In a second step, these 1.5 / 2° C targets were integrated in the CRREM Tool, an easy-to-use Excel tool, which allows asset managers to assess the stranding risk of their buildings or even whole portfolios and to make better informed investment decisions.