PROJECT STORY
The challenge
HB Reavis wanted to showcase its commitment to climate action by setting a 2050 net zero target for its portfolio, supported by an actionable decarbonization plan.
ESG and Net Zero Program Development
Helping HB Reavis Build a Sustainable Future
The solution
We helped HB Reavis develop a net zero program, including a decarbonization strategy, achievement plans, baseline emissions calculations and reporting.
The impact
Climate action is integrated across HB Reavis’ business. Along with thorough disclosures, this will support improvements in sustainability ratings and project impact.
2050
Net zero target with actionable plans
35%
Reduction in corporate emissions by 2030, compared to 2019 baseline
60%
Reduction in whole building energy use intensity in new developments by 2030
The challenge
Buildings are contributors to carbon emissions, owing to energy use, building materials and construction processes. With Environmental, Social and Corporate Governance (ESG) high on the agenda, and rising energy prices influencing property owners to favor investment in green solutions, real estate developer HB Reavis is looking to bring their 2050 net zero commitment to life.
As a first step, HB Reavis’ aim is to develop a net zero program that demonstrates to clients, business partners, and investors how the company builds and operates assets in a way that supports ESG and net zero priorities. To achieve this, HB Reavis needed a clear understanding of its greenhouse gas (GHG) emissions compared to peers, both in construction and through operations. This would then be used to analyze and guide achievable plans for its 2050 net zero targets, and also publicly disclose progress on ESG performance.
The solution
Arcadis is working with HB Reavis as implementation partner, supporting the team by setting up their net zero and decarbonization strategy and goals, as well as program design including achievement plans, and reporting and engagement interventions.
Our team calculated HB Reavis' scope 1, 2, and 3 GHG emissions - direct emissions from its own property and operations, and indirect emissions through its value chain - and used that to develop a decarbonization and offsetting strategy to support the company's planned net zero commitment. We also provided a materiality assessment to support reporting aligned with the Global Reporting Initiative and GRESB Real Estate frameworks.
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The impact
By supporting HB Reavis’ net zero commitment with a comprehensive and actionable ESG and net zero program, we’re helping them reduce their carbon footprint, which not only benefits the environment but also sets the company apart in an increasingly competitive industry. Ultimately, HB Reavis’ plan is geared towards improving quality of life in the communities they operate and, through reduced carbon emissions, supports a more sustainable future for all.
