CRREM: Chapter II

CRREM: Chapter II

Is this the evolution of operational emissions benchmarking, or do we ask too much of the carbon benchmarking tool?

CRREM has announced the end of the tool era and the beginning of a new, pathways-only age. It claims that market maturity has put its Risk Assessment Tool out of a job, but can any benchmark truly account for the complexities of the global energy market?

In some cases, the CRREM benchmarking tool may have been doing more damage than good. With its one-size-fits-all approach, it risks ignoring the many and very important nuances present across energy markets and the real estate industry at large.

Its retirement announcement has coincided with renewed conflict in the Middle East, serving only to make starker the challenges such tools face. This latest energy crisis has forced a global re-evaluation of procurement strategies – the sort of market shock that static tools will always struggle to navigate.

We ask:

1. As conflict threatens to upend global energy markets, not every gas source (or its emissions) is created equal. How do we ensure such difference is fairly accounted for?
2. Operational emissions are critical, but do they tell the whole story? As onsite generation rises, tools must keep pace.
3. In real estate, rarely are two buildings ever the same. In such a world of difference, what responsibility do tools have to fairly accommodate mitigating factors?

Find out more, including our suggestions for the benchmark of the future, in our full report: CRREM: Chapter ||