CBRE Partners with Emitwise to Collect Greenhouse Gas Emissions Data
CBRE, a well-known real estate services company, has recently announced a partnership with Emitwise, a carbon accounting software provider, to collect greenhouse gas emissions data from its supply chain. Through this collaboration, CBRE aims to help its clients and suppliers access precise data and accurately calculate their carbon impacts. The partnership will enable CBRE and its stakeholders to identify areas for decarbonization efforts and gain better insight into their value chain at a greater scale. In addition to the partnership, CBRE will also be making a strategic investment in Emitwise, highlighting their commitment to tracking and reducing emissions in both their own operations and those of their clients. With this initiative, CBRE aims to strengthen its net zero strategy and contribute to the global sustainability efforts.
CBRE Partners with Emitwise to Collect Greenhouse Gas Emissions Data
CBRE Partners with Emitwise to Collect Greenhouse Gas Emissions Data
CBRE Group, Inc. (CBRE) has announced a partnership with Emitwise, a carbon accounting software provider, to gather greenhouse gas emissions data from its supply chain and assist its suppliers in carbon accounting. This partnership will provide CBRE clients and suppliers with access to precise data to accurately calculate their carbon impacts. This collaboration aims to speed up decarbonization efforts and gain better insight into the value chain at scale. Additionally, CBRE will also make a strategic investment in Emitwise to further enhance its net zero strategy.
Background of CBRE and Emitwise
CBRE Group, Inc. is a leading commercial real estate services and investment firm. With a strong global presence, CBRE offers a wide range of services to its clients, including property management, leasing, valuation, and investment management.
On the other hand, Emitwise is a carbon accounting software provider that helps companies measure and reduce their carbon emissions. Emitwise’s advanced technology enables organizations to understand their carbon footprint and identify opportunities for improvement in their sustainability efforts.
CBRE Group, Inc.
CBRE Group, Inc., headquartered in Los Angeles, California, is a Fortune 500 company and one of the largest commercial real estate services and investment firms globally. With operations in more than 100 countries, CBRE provides a comprehensive suite of services, including facility management, lease administration, and capital markets.
Emitwise
Emitwise is a software company specializing in carbon accounting. Founded in 2019, Emitwise uses artificial intelligence and machine learning to automate carbon emissions calculations and provide actionable insights to organizations. Emitwise’s technology helps companies measure and manage their carbon footprint more accurately, supporting their sustainability initiatives.
Partnership Details
The partnership between CBRE and Emitwise aims to enhance CBRE’s sustainability efforts by enabling more accurate measurement and management of greenhouse gas emissions. This collaboration has several key objectives and processes.
Objective of the Partnership
The objective of the partnership is to collect greenhouse gas emissions data from CBRE’s supply chain and assist its suppliers in carbon accounting. By gathering precise data, CBRE and Emitwise aim to help clients and suppliers calculate their carbon impacts more accurately. This data will enable them to identify areas where efforts can be focused to speed up decarbonization and gain better insight into their value chain on a larger scale.
Data Collection Process
CBRE and Emitwise will work together to collect greenhouse gas emissions data from CBRE’s supply chain. This data collection process will involve gathering information on emissions from various sources, including energy consumption, transportation, waste management, and more. Emitwise’s software will automate the data collection process, making it more efficient and accurate.
Access to Precise Data
Through the partnership, CBRE clients and suppliers will have access to precise greenhouse gas emissions data. This data will provide a comprehensive view of their environmental impact and help them make informed decisions regarding sustainability measures. Access to accurate data is crucial for organizations to effectively manage and reduce their carbon footprints.
Calculation of Carbon Impacts
The partnership will enable CBRE clients and suppliers to calculate their carbon impacts more accurately. Emitwise’s carbon accounting software uses advanced algorithms and artificial intelligence to automate the calculation process. This automation saves time and resources while ensuring precise calculations, improving the overall accuracy of carbon impact assessments.
Focus on Decarbonization
Decarbonization is a critical aspect of sustainability efforts. The partnership between CBRE and Emitwise will help identify areas for decarbonization, where efforts need to be focused. By analyzing the greenhouse gas emissions data, organizations can develop targeted strategies to reduce their carbon footprints. This focus on decarbonization is crucial for achieving sustainability goals and mitigating climate change.
Insight into Value Chain at Scale
The partnership will provide CBRE and its clients with valuable insight into their value chain at scale. By gathering greenhouse gas emissions data from the supply chain, organizations can identify areas of high impact and potential opportunities for improvement. This enhanced visibility into the value chain allows for more informed decision-making and strategic planning to drive sustainability initiatives.
Strategic Investment in Emitwise
CBRE’s strategic investment in Emitwise demonstrates its commitment to advancing sustainability efforts. This investment will enable CBRE and Emitwise to collaborate more closely and develop innovative solutions to address carbon emissions challenges. By investing in Emitwise, CBRE shows its dedication to supporting and scaling cutting-edge technology in the carbon accounting space.
In summary, CBRE’s partnership with Emitwise to collect greenhouse gas emissions data represents a significant step in enhancing sustainability efforts. By gathering precise data, organizations can accurately measure their carbon impacts and identify areas for decarbonization. This partnership provides CBRE clients and suppliers with access to valuable insights into their value chain and supports their transition toward a more sustainable future. With CBRE’s strategic investment in Emitwise, the collaboration is expected to drive advancements in carbon accounting technology and contribute to CBRE’s net zero strategy.
Source: https://www.nasdaq.com/articles/cbre-partners-with-emitwise-to-collect-greenhouse-gas-emissions-data