Bringing an Operations Mindset to Long-Term Planning to Develop a Corporate Net Zero Carbon Goal
This presentation will provide an overview of the process used to set a new Net Zero Carbon (NZC) goal for a major financial services company. The presenter will review the primary drivers for NZC goal setting and approval, including: risk, cost, Environmental Social Governance (ESG) scoring, public perception, and employee retention.
The data utilized to inform the new goal, included energy and carbon data, grid decarbonization factors – including Carbon Risk Real Estate Monitor (CRREM) data sets, Science Based Target initiative (SBTi) guidelines, facility asset data, and boots on the ground knowledge from the portfolio’s facility team to determine the true feasibility of getting to and maintaining net zero scope 1 and 2 carbon emissions.
Various net zero carbon scenarios were evaluated, including various timescales, levels of electrification and decarbonization retrofit work, real estate strategy, and energy procurement options. The costs of Net Zero Carbon were compared with business-as-usual costs and the results were communicated in an in-depth consultative process with a range of internal stakeholders.
Leadership ultimately homed in on target year, goal language, scope boundary, and strategy. Both the ground-up data analysis, and the high-level talking points and visualizations communicated to the company’s c-suite, will be shared.
Jon Lemmond, is a Senior Director within JLL’s Sustainable Operations group. He currently leads a team of energy and sustainability professionals who provide decarbonization, energy efficiency, energy procurement, and other sustainability services to a variety of JLL clients. Jon has over 15 years of experience as a mechanical engineer, researcher, energy policy professional, energy efficiency consultant, energy manager, and sustainability leader. Jon has a B.S. in Mechanical Engineering from the University of Maryland, College Park, and M.S. and M.Eng. degrees from the University of California, Berkeley, in Engineering Project Management.