Carbon calculator for embodied carbon reductions
As part of our Science based target of Net Zero by 2040, Investa’s Capital Projects team has been focusing on optimising efficiency, building materiality, production and supply chain as well as other sustainability credentials like reducing waste to landfill and increasing recycled content and improving reusability. We are working closely with our service providers commencing very early in the projects to ensure that carbon friendly design principles are adopted, targeting a 45% carbon reduction in projects in the first 5 years. Our methodology has been applied to 7 projects so far in the last 9 months and we have exceeded our targets in all areas we targeted.
Investa’s target, based on our 2040 initiative was 40% and we have achieved 45% average embodied carbon reduction with a total of 6.6m kg-CO2 avoided. This is equivalent to 3 years of operating carbon for 201 Kent Street. The capital projects team have worked with 20+ consultants to achieve this outcome and is now influencing others in the industry to follow our lead.
1 Market, 135 King, 201 Kent and 347 Kent are the assets that we have verified reports so far this year. We achieved results varying between 12% and 62%. The Footprint Company’s building life cycle software was used to quantify the footprint of a proposed new project and develop pathways to minimise the carbon footprint. These outcomes were converted into a carbon development performance brief. Last year, we have developed the High Performance Guidelines to guide and brief our architects, engineers and consultants in the selection of construction materials and finishes with less embodied carbon content and other sustainable credentials like reducing waste to landfill and increasing recycled content and improving reusability.
Investa is proudly leading the market in scientifically reducing the carbon footprint in asset upgrades, refurbishments, fit-outs as well as service upgrades delivered to improve the efficiency of our assets.