Published: 03/2023
Summary
Partnership for Carbon Accounting Financials (PCAF), CRREM - Carbon Risk Real Estate Monitor and GRESB have just released the first version of technical guidance for “Accounting and Reporting of GHG Emissions from Real Estate Operations.”
Since decarbonization, transition risk, net-zero target setting as well as GHG accounting and reporting are becoming increasingly important for the real estate sector, a clear guidance on standardized and harmonized accounting procedures related to all aspects of carbon and other GHG emissions is urgently required. The new technical guidance offers this additional clarification and serves as a best practice document with additional specifications to PCAF’s Global GHG Accounting and Reporting Standard for the Financial Industry on a range of technical, data and standards issues relating to operational GHG emissions from real estate.
