Intelligent Investment Strengthening Value Through ESG | Survey of Global Property Professionals The Greenhouse Gas Protocolhas established a widely adopted framework to measure and manage greenhouse gas emissions, FIGURE 6: What categories or “scopes” of emissions does your organization track? categorized by “scopes.” Most occupiers (62%) and investors (53%) say they use these categories. More than half of occupiers categorize emissions into scopes 1 or 2, which are emissions that Scope 1 the company can most directly control. Less than 40% categorize emissions into scope 3, which are more difficult to measure. Not Scope 2 all companies that have made public net-zero pledges categorize their emissions into scopes, suggesting that further best Scope 3 practices could be adopted to truly commit to reaching net zero. We don't use scope categories 0% 10% 20% 30% 40% 50% 60% There is a big divergence in occupier understanding Percent of Responses Occupier Investor of their carbon footprint as it relates to real estate “ and options to cost-effectively mitigate this. Mapping emissions to real estate and in some cases relocating to lower-emission premises will send a What are scopes? 1 Scope 1 Scope 2 Scope 3 strong signal of ambition. Carbon emitted Carbon emitted Carbon emitted directly from a indirectly through indirectly through company's building electricity or fuel the products and —Sameer Chopra systems and consumption for services provided by vehicle fleets. heating and/or building suppliers. Head of Pacific Research & cooling buildings. ” Asia-Pacific ESG Research, CBRE 1 “Decarbonizing Commercial Real Estate” CBRE, Nov. 11, 2022.