Your guide to addressing scope 3 through occupier engagement
To develop an effective net zero strategy, you need a realistic understanding of where your carbon impacts lie. Accurate scope 3 data – covering activities from assets that are not directly controlled by the reporting company, but which the company can indirectly affect in its value chain – can be difficult to collect but exceedingly informative.
This page compiles resources you can use to inform your strategy for occupier engagement.
Cracking the occupier problem: why bother with tenant ESG data collection and engagement?
In a recent SBTi report, 53% of those surveyed mentioned that scope 3 data collection was a barrier to them when trying to set net-zero targets. Beyond your target setting, the ongoing value of data coverage is seen across the market and perhaps most keenly in GRESB. Retrieving data coverage points for tenant-controlled spaces can be a struggle, adding data sharing clauses into leases is time consuming and any data collected is generally seen as harder to measure and trust. However, GRESB places very high value on complete scope 3 emissions data coverage, and this is a major driver for improved data collection for many of our real estate clients.
Read this article to discover the key benefits of collecting data on your occupier consumption.
Tenant Emissions – A silent majority
Landlord-controlled spaces present the easiest opportunities to make emissions reductions in line with 2030 commitments, but landlord consumption typically accounts for under 10% of a real estate portfolio’s emissions. Tenant-controlled spaces, on the other hand, account for upwards of 50%. It can be tempting to estimate occupier data, but doing so makes it harder to identify assets that present a stranding risk, or assets that are likely to be a problem when trying to achieve company targets. Read this article to find out why it’s worth it in the long run to make your scope 3 reporting as accurate as possible.
The net zero benefits of occupier engagement and how to achieve them
In this webinar, Jack Edwards (Senior Consultant from Verco) and guest speaker Grace Hamer (Occupier Engagement Manager at Cadogan) discuss how occupier engagement can reap rewards, then suggest the best route to take.
UKREiiF scope 3 panel session hosted by Verco
Verco hosted a panel session at UKREiiF on the topic of tackling scope 3. Verco’s Andries Van der Walt was joined by a panel of experts from UK and global real estate businesses to discuss how there may be uncertainty around scope 3, but that’s not a reason not to act.
Develop a clear action plan with our Occupier Engagement Service
As you approach your net zero target dates, you may be looking to develop a clearer action plan for how to achieve your scope 3 reductions and increase buy-in from your occupiers. Backed by best practice methods and reliable data, our Occupier Engagement Service can help you develop the best strategy for your occupier engagement programs.
Keep everyone informed with our net zero engagement toolkit
Before you start working on net zero projects, make sure everyone in the business is speaking the same language. Does everyone know what zero carbon initiatives your business is taking part in and how it will affect them? Our series of bite-sized webinars and videos briefly explain net zero terminology and initiatives, so you can get everybody on board.
Experts on the topic
