Oct 1, 2021 11:28:19 AM
First in the real estate sector - Croisette becomes climate neutral
The construction and real estate sector accounts for 21% of Sweden's total greenhouse gas emissions. This is a significant part of society's total environmental impact. Every year Boverket shares a report on the sector's total environmental impact and the trend does not seem to be going in the right direction.
Therefore, we at Croisette have taken the decision to become Sweden's first climate neutral company in the real estate sector that overcompensates its greenhouse gas emissions.
Ever since the company was founded in 2015 - we at Croisette have had the basic idea of doing things differently. Not only through our range of services, but also by setting an example of sustainability in growth and expansion. We want our core values to be reflected in everything we do, not least in how we approach sustainability.
Becoming climate neutral requires some significant changes. That's why we set an action plan for 2021 and forward, how we will get there, step by step. In the process, we also took a decision to offset our total emissions by 110%. We have chosen to invest in projects that generate clean and sustainable energy.
I am convinced that this is the future and the obvious way forward. As innovative real estate advisors, we feel a great responsibility to lead the industry in the right direction. The choice to not only compensate for our emissions, but also an extra 10% for historical emissions is a natural one for us. It is time for all companies, and not least in the property sector, to look up and start taking responsibility for the climate issue. Of course I am happy and proud that we have the honour of being the first, but the most important thing for us now is that it won't be long before climate neutrality certificates are a standard for everyone working in the property sector.
Per Svensson, CEO & Founder, Croisette Real Estate Partner
The first step is to find out how much emissions we as a company are responsible for. The emissions are calculated based on the PAS 2060 and Greenhouse Gas Protocol standards. The result is then broken down into three parts. Scope 1, 2 and 3. This means that our entire carbon footprint is included.
Once emissions have been identified and analysed, it is time to set specific emission reduction targets and create an action plan. The analysis shows where the biggest emissions are. A plan is now set out on what we need to do to reduce emissions.
We believe in sustainable and clean energy. That's why we offset through projects that we believe will have a long-term impact on the environment, both nationally and internationally.
Read more about the project here.
We have a relatively small climate impact today. That doesn't mean we can sit back and be complacent. We want to take responsibility for the industry that accounts for a significant part of society's climate impact.
Most of our carbon footprint comes from Scope 3: which has also influenced our action plan.
Scope 1 deals with direct greenhouse gas emissions, i.e. those emissions over which the activity has direct control. This could include emissions from vehicles and machinery owned or leased by the business, or those released from the business's own factories or buildings.
Scope 2 includes indirect emissions from electricity, i.e. consumption of electricity, district heating and cooling.
Scope 3 includes indirect greenhouse gas emissions, in addition to purchased energy, that occur outside the boundaries of the business. Examples of Scope 3 categories include purchased goods and services, waste from operations, business travel, commuting, rented equipment, etc.
Through our action plan, we are committed to making some significant changes to the way we work. This is something we work on daily to continuously minimise our CO2e footprint. This means, for example, that we have made changes to our policies on business travel, choice of suppliers and use of renewable electricity for all our new offices.
We will continue this work to ensure that we always make sustainable decisions for both the environment and society.
Read more in the report here.
Although we have a relatively small impact on the environment, we are aware that this is not enough to make a difference. That's why we offset all our emissions. But we've decided to go one step further and offset an additional 10% of our emissions in projects we believe in. To work together towards a more sustainable world, we believe that sustainable energy is important. That's why we've chosen to offset in a project in Thailand that does just that.
The Siam Solar project plays an important role in Thailand's transition to clean energy. The project brings together 10 solar PV plants using advanced, environmentally friendly technology to generate clean and sustainable electricity. In addition to sustainable and clean electricity, the project also improves local infrastructure and provides employment opportunities for local skilled and unskilled workers in the manufacturing, installation, operation and maintenance of equipment.
Read more about the project here.
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