As Regulatory and Investor Pressures Mount, There’s a Method that can Help Prevent Stranded Assets
By Tony Liou | published Nov. 30, 2023, on GlobeSt.com
As concerns over climate change intensify and regulations evolve, commercial real estate investors and owners are under increasing pressure to reduce carbon footprints of their properties, or “decarbonize” them. Most recently, California passed the Climate Accountability Package, which will require a large number public and private companies conducting business in the state to report on their GHG emissions and disclose climate-related financial risks.
This comes just before the anticipated SEC rules for climate-related risks disclosures for all publicly traded companies. Aside from regulatory pressure, transitioning towards more sustainable practices mitigates financial and physical risks. But how should companies go about setting the right decarbonization goals and how could they achieve those targets?
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