Tishman Speyer
At a Glance
Industry
Real Estate
Project Types
Commercial Energy Efficiency, Data Analysis, Sustainability and Energy Management Strategy
Year
2022
Location
New York, NY
Goals
Tishman Speyer has set a goal to reach net zero carbon across global operations by 2050. The company enlisted EDF Climate Corps Fellow Jamie Barry to deliver a product that identifies pathways to reach operational net zero for each US asset. The desired product would provide relevant insights to stakeholders across the organization, including asset managers, portfolio managers, and investors.
Solutions
Jamie delivered a modeling tool that quantifies the financial opportunities associated with decarbonization projects and recommends net zero pathways for each asset. Jamie worked with internal stakeholders, such as asset managers, portfolio managers, engineers, and members of the sustainability team, to inform the tool’s design and construction.
The tool includes a financial model that project savings associated with energy efficiency, retrofit, electrification, and on-site renewable projects by evaluating future savings on energy costs, fines from regulators, and future REC/offset costs. The tool also quantifies emissions reductions for building-specific decarbonization projects, recommends project prioritization, and estimates future emissions under multiple decarbonization scenarios.
Potential Impact
This fall, Tishman Speyer will generate net zero pathway reports for all US assets by deploying the modeling tool across its portfolio. Reports will be sent to employees and investors, ensuring that stakeholders understand what is needed for Tishman Speyer to reach net zero.