Shared 27 August, 2024
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Commercial real estate portfolio holders are under more pressure now than ever before to stay on top of sustainability demands. With new regulations popping up and frameworks like CRREM gaining traction, it’s easy to feel overwhelmed.
Map Mortar have been doing their research and have now pinpointed the two biggest challenges you’re likely facing right now. They’ve also provided three simple strategies to help you turn these obstacles into opportunities.
1. Keeping Up with Regulatory Compliance
Let’s face it – sustainability regulations are getting tougher every day.
Staying compliant means more than just checking boxes; it requires real investment in building upgrades, data management, and much more. The costs of compliance can add up fast, but the risks of falling behind are even steeper, including;
But here’s the good news – compliance isn’t just about avoiding penalties. It’s an opportunity to boost your entire asset value, attract top-tier tenants, and streamline your operations.
Plus, it’s a surefire way to build trust and transparency with stakeholders.
Three Smart Ways to Stay Ahead:
2. Mastering the CRREM Framework
The Carbon Risk Real Estate Monitor (CRREM) is all about cutting carbon emissions in real estate. It’s a powerful tool that investors and lenders can use to analyse portfolios in a number of ways, from alignment with Paris goals to identifying assets that are at risk of stranding.
But let’s be honest – getting CRREM right is not easy. From the data collection and quality issues to the upfront costs of retrofitting, the challenges can seem endless.
Even still, CRREM is undoubtedly a game-changer. It can protect your assets from future regulatory shifts, boost market competitiveness, and deliver long-term cost savings.
Three Steps to Tackle CRREM Challenges:
Engaging your tenants with sustainability programs and green leases can also make a big difference, aligning their goals with yours and fostering a collaborative approach to energy savings.
Turning Challenges into Opportunities
Yes, the road to sustainability is full of challenges, but with the right strategies in place, it’s also full of opportunities, such as increasing asset value, attracting great tenants, streamlining operations and building a foundation for long-term success for your portfolio and overall business.
By staying proactive, investing in the right technologies, and keeping a finger on the pulse of regulatory changes, your portfolio will not only survive in this ever-changing market … it could thrive!
About Map Mortar
Map Mortar is the only solution on the market that gives an eagle eye view of the decarbonisation status of your entire real estate portfolio. The innovative technology simplifies complex financial planning, helps reduce and de-risk CAPEX and also gives the strategic oversight Heads of Sustainability need to succeed in their roles within the commercial real-estate industry.
Visit the website at mapmortar.io or head over to their booth at PropTech Connect to meet the team.
Written with MapMortar
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