The real estate industry accounts for more than a third of global CO2 emissions. To achieve carbon neutrality by 2050, all European countries need to reduce the carbon footprint of new, retrofitted and in-use buildings. Calculating carbon emissions at each stage of a building’s life cycle – construction, operations and end of life – is necessary to quantify the real carbon footprint of real estate.
The Low Carbon Building Initiative (LCBI), launched in 2022, unites major European real-estate stakeholders to promote low carbon buildings and reduce the CO2 emissions of European real estate by half (measured in a Life-Cycle Analysis). LCBI aims to create the first pan-European low carbon label measuring the carbon footprint of real estate based on a Life-Cycle Analysis.