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Buildings are contributors to carbon emissions, owing to energy use, building materials and construction processes. With Environmental, Social and Corporate Governance (ESG) 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 implementation partner, supporting the team by setting up their 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.
Throughout the project, we brought our expertise from across Poland, the UK, the Netherlands, and the US, working closely with the client to understand their unique, integrated business model and identify opportunities to reduce emissions across all scopes, including embodied carbon. This included assessing the carbon reduction potential and feasibility of their projects and assets, including air source heat pumps, on-site solar, fleet electrification, structural design optioneering, and low-carbon building materials, among others.
Our team helped HB Reavis set near- and long-term targets, also providing an actionable roadmap to support those targets across the real estate portfolios of each country the company operates in. Our work culminated in a robust net zero program, helping HB Reavis continue to lead as a credible real estate developer with its stakeholder interests at heart.
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.