What Is The Cost Of Transitioning Office Assets To Net-Zero Carbon?

The Caleb Parker Show

Connect with the WorkBold Podcast Team:

• Host Caleb Parker: LinkedIn

• Collaboration Partner Morgan Pierstorff: LinkedIn

Summary: In this episode of the #WorkBold Podcast, Host Caleb Parker sits down with Louise Ellison, former Chief Commercial Officer of Longevity Partners, an expert in real estate sustainability. They dive deep into the pressing issues surrounding climate change and how the real estate sector can address them. With sustainability, climate risk, and ESG taking centre stage in recent years, the conversation explores topics like achieving net-zero carbon, the cost implications, and the concept of stranded assets. Louise sheds light on the innovative CRM pathways model, which predicts stranding risk, and the role of data in sustainability efforts. They discuss the significance of carbon pricing and its impact on transactions, and how the space-as-a-service model can contribute to more sustainable real estate practices.

Takeaways:

• Sustainability is at the forefront of the real estate sector's agenda, with a focus on achieving net-zero carbon and addressing climate change challenges.

• The cost of transitioning real estate assets to net-zero carbon varies based on the building, posing a complex challenge for the industry.

• The Carbon Risk Real Estate Monitor (CRM pathways) helps predict stranding risk by analysing data and determining when an asset may become carbon non-compliant.

• Carbon pricing plays a crucial role in incentivizing sustainability efforts, making it a valuable tool for measuring and reducing carbon emissions.

• Space-as-a-service models have the potential to make real estate more carbon-efficient and sustainable by matching supply and demand more efficiently, while also fostering innovation and agility.

Connect with today’s guest:

• Louise Ellison: Website | LinkedIn

• Longevity Partners: Website | LinkedIn

Connect with the WorkBold Podcast Team:

• Host Caleb Parker: LinkedIn

• Collaboration Partner Morgan Pierstorff: LinkedIn

Sponsors:

NorNorm: Website | LinkedIn

NORNORM is a subscription-based furnishing model, letting your business adapt to the needs of tomorrow. Beautiful, affordable and fully circular. NorNorm's vision for the workspace of the future is simple. Place circularity at the core and demonstrate how this is better for business, people and the planet. By embracing NorNorm, real estate can drastically produce CO2 emissions and waste production, driving us closer to a greener future.

Fortune Favours the Bold: Website | LinkedIn

Bold merges property management & Space-as-a-Service to help office customers grow faster and drive asset value. Bold is a real estate brand owned and operated by NewFlex.

Future Proof Your Portfolio with NewFlex: Website | LinkedIn

NewFlex delivers and manages a range of branded solutions for every type of building, in every type of location, for every type of occupier. Including the flexibility to develop your own brand. All enabled by flexible management contracts where we are invested in making money for you.

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