C Change
C Change is a ULI-led programme to mobilise the European real estate industry to decarbonise. We’re a movement empowering everyone to work together for a sustainable future. We connect the brightest minds from across the value chain. We challenge barriers, share expertise, and champion innovation to move swiftly to accelerate solutions that will transform our industry and protect our planet. C Change means real change.
You can now register for the C-Change 2024 event in Barcelona here.
Watch: How is C Change different to work already underway across real estate?
C Change was formed in late 2021 by a group of leading real estate players that was united in its aim to focus on collaboration to ensure companies large and small have access to practical solutions and education on decarbonisation.
Video: What are the immediate priorities for the decarbonisation of real estate?
Get involved with C Change
C Change is about harnessing the collective expertise in our industry. We’re asking our members to support us on two important intervention points that require industry attention to be game-changing.
- A common industry methodology to assess transitional climate risks as part of property valuations to avoid stagnation of our investment markets and stranded assets.
- Practical ways to improve alignment between tenants and landlords to create common goals for decarbonising and retrofitting.
If you have expertise in these areas, please sign up to be part of our movement and participate in consultations, interviews, and other ways to feedback and contribute.
C Change coordinates with the ULI Randall Lewis Center for Sustainability in Real Estate.
Occupiers and Owners: Faster and further on the pathway to decarbonisation together – new report
The latest report from ULI C Change shows that a lack of alignment between property owners and occupiers is not only hindering progress on decarbonisation, but it also has the potential to increase total emissions over the medium to long-term. Yet at the heart of the solution is the need for a stronger partnership and closer collaboration between occupiers and owners, which itself echoes an imperative of the wider C Change programme, in that to drive transformation we all must unite in our urgent response.
ULI C Change survey: Decarbonisation rises up the investment agenda
The results of the ULI C Change survey Decarbonisation rises up the investment agenda show that transition risks have already become a significant factor in investment decision-making, adding a new layer of risk analysis to an already challenging market.
Almost 90 percent of investors and managers now factor in transition risks, indicating these risks are being taken seriously by a growing part of the market. This heightens the need for a common approach and collective action to support the decarbonisation of the built environment.
C Change Intervention Briefing Papers
Find out more about the thirteen invention points that C Change has identified where people working in the real estate industry can actively apply pressure to create industry-wide change.
Intervention points are specific places within a system where we can target action, interrupting business as usual in order to drive transformation. For the built environment industry, this includes topics such as carbon pricing, building renovation passports, whole life carbon data and financial solutions to prevent asset stranding.
ULI C Change Transition Risk Assessment Guidelines
ULI C Change has launched its Transition Risk Assessment Guidelines, which help owners and managers remove a critical barrier in the transition to a low-carbon built environment.
The objective of these guidelines is to standardise the treatment and disclosure of transition risks up and down the value chain of real estate investment. They identify 12 transition risks which are of material impact to real estate assets now and in the future.
Video: How will the Transition Risk Assessment Guidelines help to decarbonise the industry?
The guidelines, which can be downloaded below, are now ready to be used by industry participants and we would welcome feedback on their adoption. We intend to produce case studies to demonstrate the guidelines in-use and would also be pleased to hear about companies that wish to partner on research.
Please also read our accompanying discussion paper, Breaking the value deadlock: enabling action on decarbonisation, which details the reasons that understanding and assessing transition risks is an important part of the green transition.
If you have any questions or wish to find out more about how to get involved with C Change, please email [email protected].
Industry Report of Interest: The Carbon Transition Playbook
EPRA has released “The Carbon Transition Playbook“, created in partnership with JLL. This paper offers an in depth look at global and European carbon related initiatives that are currently impacting the real estate sector. It covers key initiatives, and best practices from some of EPRA members, offering a comprehensive guide to managing carbon risks and opportunities in the sector.
Download the report here.
