SECTORS / GICS-602010 / TRANSITIONS

Real Estate Services · transition pathways

The recognised primary transition pathway for real estate services, plus the upstream sectors real estate services firms depend on for their own decarbonisation. A consulting firm cutting business travel still needs aviation to decarbonise; a REIT cutting tenant energy still needs the grid to clean up. These are the rate limiters.

Primary pathway

SBTi 1.5°C corporate + Better Buildings Partnership

No sector-specific SBTi pathway. Most majors align via SBTi general 1.5°C corporate. Better Buildings Partnership (UK) and ULI Greenprint (global) coordinate landlord-tenant decarbonisation.

Reference ↗

Decarbonisation pathways

hover to read · click to pin

Year readout

Hover the chart to read off Best / Realistic / Worst values at any year. Click to pin the readout.

2050 endpoint:
Best 0% · Worst 70%

Corporate Scope 1+2 absolute emissions · % of 2020 emissions · base 2020 · Source: SBTi 1.5°C corporate criteria (4.2% YoY) · Race to Zero · BAU

Dependant pathways· 3

Upstream sectors real estate services firms rely on. The faster these decarbonise, the faster the firm can hit its own targets — even when it does everything in its control.

Buildings & Real Estate

Scope 3 · cat 13

Properties under management — the firm's leased + serviced portfolio carries the carbon they advise on. Their decarbonisation depends on building stock decarbonisation.

framework:SBTi Buildings, CRREM, GRESB

Decarbonisation pathways

Best10%

Realistic45%

Worst75%

Building operational emissions · % of 2020 emissions · base 2020
Source: IEA NZE Buildings, SBTi Buildings 1.5°C

Reference ↗View pathway →

Power & electricity

Scope 2

Office + IT energy is grid-bound.

framework:IEA Net Zero by 2050, Ember

Decarbonisation pathways

Best0%

Realistic15%

Worst60%

Grid carbon intensity · % of 2020 gCO2/kWh · base 2020
Source: IEA WEO 2023 — NZE / APS / STEPS

Reference ↗

Aviation

Scope 3 · cat 6

Travel is a meaningful share — international transactions, market tours, asset visits.

framework:IATA Fly Net Zero 2050

Decarbonisation pathways

Best0%

Realistic50%

Worst150%

Aviation CO2 (commercial) · % of 2019 absolute CO2 · base 2019
Source: IATA Fly Net Zero, ICAO LTAG, BAU (~3% pa growth)

Reference ↗

Decarbonisation by location — coming soon

Once we have HQ + operations location data per firm in this cohort, we'll overlay Ember grid-carbon-intensity data per country so you can see the geographical decarbonisation tailwind (or headwind) each firm is operating against.

Source: ember-energy.org · Global Electricity Review + per-country grid carbon intensity (gCO2/kWh).