Sustainability Master Plan & Implementation for International Real Estate & Workplace Portfolio

‍Challenges

After an initial sustainability infrastructure assessment in 2012 and a first master plan, in 2020, the company set new ambitious carbon reduction goals aligned with the Science Based Targets initiative (SBTi) to reduce the company’s carbon footprint by 50% by 2030, compared to its 2018/19 baseline. Altanova was challenged to define a cost-effective pathway to achieve these goals. Altanova continued working with the company to adapt and adjust the pathway in response to the company’s growth and change in market conditions as we approach the target year.

‍

Approach

Altanova conducted additional benchmark surveys, targeted audits and deployed consolidated metering systems to improve data reliability. Then we developed advanced energy and financial models for approximately 60 company sites worldwide. Models include operational improvements and capital upgrades to existing sites that achieve deep energy efficiency savings based on best-in-class infrastructure management approach, as well as new and emerging technologies; on-site installation of smart microgrids hosting larger capacity of solar photovoltaic panels; investment into new off-site solar PV installation within the same grid through energy purchase agreements; and direct purchases of electricity from existing renewable energy plants.  

The resulting Roadmap includes multiple viable pathways with attractive ROIs but also large capital investments that are often unattractive to large organizations whose business isn’t historically centered on power infrastructures and real estate developments.

Altanova’s established credibility and deep culture of caring partnership has played a key role by engaging several internal functions and executive stakeholders around a common vision within the company to uncover submerged strategic value associated with Real Estate & Infrastructures’ decarbonization plan.  

The innovative business approach associated with our all-hands-on-deck decarbonization master plan, has resulted in a vastly superior business case, financeable and highly beneficial to the overall company growth.  

In return, this holistic and business-embedded approach to the company’s sustainability transformation allows our client to invest further into their ambitious ESG and sustainability goals to more deeply develop stakeholders’ engagement and efficiency.

‍