At Workman, we strive to help clients achieve Net Zero carbon emissions at the asset and portfolio level. Subsequently, we introduce a new service to create and implement an asset-specific Net Zero Pathway to meet the Government’s target. Combining our Property Management and Building Consultancy expertise, along with ESG knowledge, we can help property owners and investors to navigate the challenges ahead.
What is Net Zero?
The UK Green Building Council (UKGBC) defines Net Zero as a result thusly:
“the amount of carbon emissions from a building’s operational energy on an annual basis is zero or negative.”
A Net Zero carbon building, as a result, is a:
“highly energy-efficient and powered from onsite and/ or off-site renewable energy sources, with any remaining carbon balance offset”.
The Government has legislated a national target of achieving Net Zero by 2050. With existing buildings contributing between 30-40% of the UK’s total carbon emissions annually, from heating and cooling to lighting and plug-loads, this must be addressed and many of our clients are aiming to reach the target sooner.
The management and refurbishment processes play a significant role in reducing the total carbon emissions of an asset, driving improved performance.
The Workman Net Zero Pathway
Drawing on our knowledge and experience, a thorough asset review provides unique pathway to achieving Net Zero at your assets. This begins with a feasibility study either at the asset level or across your whole portfolio.
We will provide recommendations and direction, drawing together existing information and identifying knowledge gaps. This will create the starting point for your Net Zero journey. Moreover, it will detail the action – and results – necessary at each stage to reach the 2050 target. The graphic overleaf outlines what is necessary at each stage.
The pathway will be led by our experienced ESG team who work closely with clients and in-house teams, balancing actions with commercial objectives.
A proven track record
We strive to meet existing environmental targets, scaling our service to meet your ESG aspirations. We hone this expertise and capabilities over the last 10 years. Accordingly, we have a clear understanding of the key environmental features of the portfolio.
This knowledge will be essential in creating a basis to drive performance along the Net Zero Pathway. The targets is challenging but we can help you achieve these.
Committed to ESG
We continue to invest in our ESG service and expertise to ensure continued performance into the future. We work with industry bodies such as the Better Buildings Partnership (BBP) and the UKGBC to remain at the forefront of real estate’s response to the many challenges in this area.
Stakeholder engagement will be crucial
Knowing, understanding and engaging with stakeholders will be key to achieving net-zero carbon emissions at asset and portfolio level. The goal cannot be achieved without a united approach from all key stakeholders involved within an asset. Relationships with investors, occupiers, contractors and consultants will be the ‘glue’ which brings together all parties to agree and then achieve a common target.