Topics

Discover all insights relevant to the Nordic commercial real estate sector in a single place. Choose your preferred topic here.

All Topics

We need a systematic approach to energy savings in CRE

Implementing a systematic approach to energy savings can have far-reaching benefits that go beyond energy consumption and energy cost reductions. During the Covid-19 pandemic, significant energy reductions and energy cost savings have been achieved with minimal or no capital investment. However, a successful and sustainable strategy requires a close relationship between tenants, landlords and property managers.

Less usage does not equal energy savings

During the COVID-19 pandemic, building occupancy has naturally reduced as a consequence of governmental actions (home office policies). In line with less usage, there are some underlying expectations of reduced energy consumption and cost reductions. In an ideal world all buildings would be “smart”, whereby and heating, cooling, ventilation and lighting would be directly correlated with building usage. This is sadly not the case. Buildings must be actively managed in order to reduce HVAC expenses and at the same time an acceptable indoor climate must be maintained that reflects the rapidly changing number of people that use the building.

The pandemic has accelerated our focus as property managers on energy saving initiatives, in terms of utilizing existing building technology by combining insights and controls across the available platforms and solutions. As a result, we have been able to reduce the energy consumption of the buildings we manage. Close cooperation between tenants, landlords and property managers has been a critical factor in this success.

CBRE has made a systematic global review of our opportunities for reducing emissions using existing technologies and analyzed the financial impact of each carbon action. Based on this review have we set an absolute goal to reduce Scope 2 greenhouse gas emissions by 30% before 2025 and by 50% before 2035 (using the baseline year of 2015). In addition, we have set an absolute goal to reduce Scope 1 greenhouse gas emissions by 20% before 2026 (using the baseline year of 2016).

Policies vs human actions

Governments continuously develop energy policy tools (e.g. appliance standards, building energy codes and labelling) to contribute to energy reductions in commercial buildings. Traditionally, these tools have taken a one-dimensional approach to energy conservation by mainly promoting ‘technological’ solutions including efficient building envelopes; office equipment, lighting systems, heating, ventilation and air conditioning systems (HVAC), to name a few (EIA Annual Energy Outlook 2020).

Recent studies have shown that human actions (both by tenants and property managers), are significant determinants of energy use, and could hinder the optimal operations of buildings. This could result inexcessive energy use which would defeat the purpose of ‘technological’ investments.

Covid-19 has accelerated the ESG-initiatives

As businesses across a multitude of sectors have suffered as a result of the Covid-19 pandemic, the investments in Environmental, Social and Governance (ESG) strategies and focus on the Sustainable Development Goals (SDGs) has suffered.). However, the pandemic may grant us a window of opportunity to accelerate energy efficiency in real estate and teach us how to make society more resilient to the future risks our planet may face.  

One of the main pillars of ESG-strategy, and the sustainable development goals, is to save energy (hence save money), reduce CO2 emissions and upgrade technical equipment and systems to be more energy-efficient. Collectively, these actions will help to create a “green” bottom line. A systematic approach to energy savings creates benefits far beyond lowering energy consumption and reducing energy costs.

Niklas Wiik | Emma Otervik | Rikard Eriksen

Niklas Wiik | Emma Otervik | Rikard Eriksen

Niklas Wiik
Niklas is working as an Associate Director and Green Building Expert his primary responsibilities covering sustainability and energy consultation, in addition to HVAC consultation and project management in construction projects. Niklas has a Master's degree in Engineering with a focus on Real Estate Energy, which gives him a comprehensive understanding of sustainable energy-efficient building techniques and technologies.
+358 50 345 4146 | niklas.wiik@cbre.com

Emma Otervik
Emma is Sustainability Director at CBRE Norway. She has more than 23 years of experience in energy efficiency and sustainability. Her overall goal is Sustainability for PEOPLE – PLANET – PROFIT. In real estate, she has a focus on ESG (Environmental – Social – Governance), to highlight the risks and opportunities, and to benchmark. Her advantage is to see possibilities from upper strategies to action plans in real estate.
+47 48 99 67 28 | emma.otervik@cbre.com

Rikard Eriksen
Rikard is Head of Property Management in CBRE Norway. With engineer background and 10 years of experience from the real estate industry, Rikard has an understanding of the incentives that drive the development as well as the technology and the processes needed to achieve the goals.
+47 97059535 | rikard.eriksen@cbre.com

Subscribe to new articles

Subscribe to new articles

Latest articles