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.
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.
Three new publications from the Urban Land Institute’s (ULI) C Change programme were launched at this year’s C Change Summit in Barcelona. Two new carbon pricing reports outline both the business case and the principles for adopting an early-stage industry-wide approach to Internal Carbon Pricing, while the ULI 2024 C Change Survey results provide industry insights from decision makers concerning transition risk management and carbon pricing adoption.
Download all three of the reports by clicking on their covers.
Accelerating Accountability: The Case for Carbon Pricing underscores the business case and wider benefits of internal carbon pricing, and highlights best practice through case studies, to demonstrate the potential in taking early action to reduce emissions across the value chain and capitalise on emerging opportunities in the transition to a low-carbon economy. Download report.
Universal Principles for Carbon Pricing in the Real Estate Sector has been published jointly by seven leading industry associations including EPRA, GREEN, IIGCC, INREV, RICS, ULI and WBCSD who have come together to mobilise their expert members from across the value chain to co-create a comprehensive carbon pricing strategy for the real estate sector, which sets out principles that any built environment organisation can use to implement a voluntary carbon price. Download report.
ULI 2024 C Change Survey: Decarbonisation and Transition Risk in Real Estate Investment captures data from decision makers across European real estate to provide industry insights into transition risk management and carbon pricing adoption. Download survey.
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.
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.
Reflections from the Third C Change Summit, Barcelona
It's estimated that the built environment is responsible for nearly 30% of global biodiversity loss. How can nature be welcomed back?
Majority of respondents report incorporating transition risks into their real estate investment decisions
Watch: How is C Change different to work already underway across real estate?
Video: What are the immediate priorities for the decarbonisation of real estate?
This 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.
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 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].
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.
