Buildings are contributors to carbon emissions, owing to energy use, building materials, and construction processes. With their Environmental, Social, and Corporate Governance (ESG) program high on the agenda, and rising energy prices influencing property owners to favor investment in green solutions, real estate developer HB Reavis is looking to bring their 2050 net zero commitment to life.
As a first step, HB Reavis’ aim is to develop a net-zero program that demonstrates to clients, business partners, and investors how the company builds and operates assets in a way that supports ESG and net-zero priorities. To achieve this, HB Reavis needed a clear understanding of its greenhouse gas (GHG) emissions compared to peers, both in construction and through operations. This would then be used to analyze and guide achievable plans for its 2050 net zero targets, and also publicly disclose progress on ESG performance.
Arcadis is working with HB Reavis as the implementation partner, supporting the team by setting up its net-zero and decarbonization strategy and goals, as well as program design, including achievement plans, and reporting and engagement interventions.
Our team calculated HB Reavis' scope 1, 2, and 3 GHG emissions—direct emissions from its own property and operations, and indirect emissions through its value chain—and used that to develop a decarbonization and offsetting strategy to support the company's planned net zero commitment. We also provided a materiality assessment to support reporting aligned with the Global Reporting Initiative and GRESB Real Estate frameworks.
By supporting HB Reavis’ net zero commitment with a comprehensive and actionable ESG and net zero program, we’re helping them reduce their carbon footprint, which not only benefits the environment but also sets the company apart in an increasingly competitive industry. Ultimately, HB Reavis’ plan is geared towards improving quality of life in the communities they operate and, through reduced carbon emissions, supports a more sustainable future for all.
HB Reavis is committed to realistic, transparent, and measurable sustainability targets. We recognize our role in achieving net-zero targets through decarbonizing our portfolio and see the long-term value of becoming more efficient and conscious with energy use—for our business and the communities in which we operate. Working with Arcadis has been invaluable in developing our net-zero program. Their expertise, guidance, and innovative solutions have helped us set ambitious targets and create an actionable roadmap to achieve them, amidst some of the challenges we are facing due to the fast-changing ESG landscape, regulations, and standards. We're confident that our net zero commitment will not only benefit the environment but also support the priorities of our stakeholders well into the future.
As an implementation partner for HB Reavis, we had the opportunity to develop a comprehensive net-zero program that sets the company apart as a leader in the sector. It's exciting to be part of such a meaningful project, helping HB Reavis make an actionable plan to reduce their carbon footprint and contribute to a more sustainable future.
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