PropTech Innovation Challenge (PIC)
The ULI PIC Awards is a Young Leaders initiative to identify a group of game-changing low and high-tech innovations – each with the potential to enhance how we live, work, and play across our urban environment.
Entries can be submitted by innovators serving the real estate, construction, energy, transport, materials, manufacturing, consumer, health, education, and agriculture sectors.
Winners must provide a novel, tangible, scalable, and competitive solution to address the PIC 2024 Challenge. This challenge has the ULI Mission Priorities and C Change Pillars as foundations. It is defined through participatory engagement with the ULI European ESG and Technology Councils, as well as the broader ULI Europe community.
The Challenge 2024
“How do we substantially reduce carbon emissions in the built environment? Scope 3 emissions for real estate investors: an asset life-cycle approach.”
Solutions will have to impact at least one of the below Use Cases voiced by the ULI Community:
- Retrofitting at Scale
- Operational Circularity Made Easy
- Gamification as a tool to strengthen collaboration between asset stakeholders
- ESG Platforms Integration: Data Collection, Presentation, and Asset Optimization
- New and More Sustainable Materials
Do you have any additional key Use Cases you would like to propose? Share them here.
Why?
Scope 3 emissions represent a critical yet often overlooked component of a company’s carbon footprint, encompassing indirect emissions that occur throughout its value chain. While Scope 1 emissions arise from direct sources like fuel combustion, and Scope 2 emissions stem from purchased electricity, Scope 3 emissions emerge from activities such as transportation, procurement, and product use.
In the real estate and construction sectors, where vast amounts of materials are utilized and transported, Scope 3 emissions from a real estate investor perspective play a pivotal role, as it focuses on the rest of the value chain, from Design/Construction to Operation.
Construction projects involve a complex network of suppliers, contractors, and stakeholders, each contributing to emissions. Furthermore, the operational phase of buildings, including heating, cooling, and maintenance, also generates substantial indirect emissions.
Moreover, the relevance of Scope 3 emissions extends beyond environmental stewardship. Companies that proactively manage their carbon footprint and integrate sustainability into their operations gain a competitive edge in the marketplace. Investors, consumers, and regulatory bodies increasingly prioritize environmentally responsible practices, driving demand for green buildings and sustainable construction methods.
What are the benefits for the PIC Finalists?
- Be recognised as a ULI PIC Pioneer 2024, a leading innovator with a product or service capable of driving change in our industry.
- Join the prestigious group of Pioneer alumni.
- Appear in ULI Europe public reports, research, podcasts, and videos.
- Receive a one-year ULI Membership. Access to the ULI Online Resource Repository.
- Join the ULI Europe Technology and Real Estate Council.
Watch the online Q&A session
Read the press release here.