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.
As a pioneer in the real estate sector, Croisette became Sweden's first climate-neutral company in the real estate sector.
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. Our emission reduction plan outlines the areas we have chosen to focus on and our progress in implementing the measures we have set to reach our climate targets. The aim of all the measures is to reduce emissions of greenhouse gases. In addition, we are offsetting 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 honor 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.
We believe in sustainable and clean energy. That's why we offset our emissions by investing in projects that we believe will have a long-term impact on the environment.
Read more about the projects Croisette invests in:
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 emission reduction plan, we are committed to making some significant changes to the way we work. This is something we work on daily to continuously minimize our climate footprint. This means, for example, that we are making changes to our policies on business travel, choice of suppliers and use of electricity for all our offices.
We will continue this work to ensure that we always make sustainable decisions for both the environment and society.
Read more about our emission reduction plan here.
Although we have a relatively small impact on the environment, compared to other companies in our sector and size, we are aware that this is not enough to make a difference. We don't just offset the emissions we contribute to through consumption, we also walk the extra mile and offset an additional 10% each year. This we do by investing in projects we believe in. You can read more about the projects below.
Solar is poised to play a crucial role in Thailand’s clean energy transition. The Siam Solar Energy 1 project bundles 10 solar photovoltaic (PV) power plants across Kanchanaburi and Suphanburi Provinces in central Thailand. The solar PV systems are a cutting-edge, environmentally-sound technology with a capacity of approximately 10 MW per plant and deliver generated electricity to the grid.
This bundled project reduces Thailand’s reliance on imported energy and drives both national and regional economic growth. Aside from meeting the energy demands of regional Thai communities, the project improves local infrastructure and provides employment opportunities for locals in manufacturing, installation, operation and maintenance of equipment.
Located in Southern Sumatra, east of Bandar Lampung, the Ulubelu power plant taps into the nearby Ulubelu geothermal field to generate clean electricity for the Sumatra Interconnected Grid. Heat from the underground geothermal reservoir produces steam which spins a turbine and drives a generator to produce clean and renewable electricity.
As well as producing clean electricity and reducing greenhouse gas emissions, the Ulubelu geothermal power plant contributes to Indonesia's sustainable development. By investing in the region, the project is creating employment opportunities, which boosts the local economy. As an inexhaustible source of energy, the geothermal power plant also diversifies Indonesia's sources of electricity generation, improving energy security and driving the country towards a low-carbon energy future.
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