AECOM is working in tandem with Strategic Inspections (SI) to offer decarbonization consulting services to Strategic Inspections’ enterprise-scale clients, thereby offering SI clients more than one-off singular property energy studies but rather a planning and action regime enabling organizations to put in place a holistic strategy demonstrating an enterprise approach to reducing carbon emissions from within owned and managed buildings.
Today’s scientific literature and publicly available research posits that the earth’s temperature will rise from more than 1 degree to 3 degrees Celsius unless significant efforts are put in place within the next twenty years to mitigate the emission of carbon and other associated greenhouse gases into the atmosphere. Buildings and the activities they shelter are widely recognized as contributing nearly 40% of global carbon and carbon-equivalent emissions annually. Carbon emissions are generated from the maintaining of interior space comfort heating and cooling conditions plus the operation of other significant energy-consuming systems required by building occupants. Carbon missions are tied closely to the size, condition, operating parameters, and useful life of such energy consuming infrastructure. Understanding the relationship between energy consuming infrastructure, its condition, and equipment operations is directly tied to attributed carbon emissions and potential future financial liability. Accordingly, many U.S. cities and counties where buildings are the most dense have imposed local regulations upon building owners ranging from measuring and reporting their annual energy consumption metrics to limiting release of attributed carbon emissions into the atmosphere, otherwise facing significant financial liability.
New York City’s Local Law 97 is an example of such carbon limitation/financial liability regulation. Similar financial liability is being imposed upon building owners in Boston MA and Washington DC. It’s widely expected that the dozen other U.S. cities and counties requiring buildings’ reporting of annual energy use and resulting carbon emissions will also migrate to such annual carbon emission limits with their accompanying financial liability. Notwithstanding the current and on-going efforts to evaluate individual buildings’ energy performance and associated carbon emissions to offer carbon liability remediation pathways, AECOM is consulting in tandem with Strategic Inspections by offering Strategic Inspections’ enterprise clients such as property management firms and REITs a multi-year strategic plan to implement a series of best practices, as deemed practical within their individual business models, designed to reduce attributed carbon emissions across their multi-building operating enterprise:
- Identify sources and measure resulting carbon and carbon-equivalent emissions across the enterprise taking the form of Scope 1, Scope 2, and potentially Scope 3 emissions
- Establish a future carbon reduction target from a baseline year
- Employ financial metrics that generates a practical basis for calculating return on carbon reduction investment which can include a designated cost of carbon
- Identify non-financial benefits of achieving targeted carbon emissions reduction
- Develop campaigns to reduce emissions over a planning horizon designed to meet the emissions reduction target Such proposed consulting support will aid organizations in establishing a climate action framework driven by both financial and non-financial benefits.