The Investor Confidence Project (ICP) is proud to announce the launch of a new approach to measuring the greenhouse gas (GHG) impacts of building retrofit projects. This new GHG guidance empowers utilities, financiers, government agencies, companies, and portfolio owners to project GHG reduction goals in alignment with environmental, social, and governance (ESG) objectives.
ESG investments continue to grow in 2024, with global ESG assets projected to reach $33.9 trillion by 2026, representing over 20% of total assets under management, according to PwC's Asset and Wealth Management Revolution 2022. The rapid expansion in ESG investments reflects the increasing demand for accountability and sustainable practices across industries, driven by corporate commitments and investor pressure.
Historically, energy efficiency projects have focused on energy savings and financial returns. However, ICP’s new approach enables stakeholders to evaluate the carbon emissions of projected building retrofit investments.
GHG impacts can be tracked monthly or hourly through smart meter data, helping optimize retrofit strategies by targeting peak grid hours with the highest GHG intensity. This innovation can increase GHG reductions, particularly for commercial buildings where energy use often coincides with high-emission periods.
Benefits for ESG-Driven Organizations
ICP’s new GHG conversion standard offers investors and building owners a step-by-step process to define the appropriate GHG metrics for their goals. It also establishes clear guidelines for ensuring that projects are measured accurately regarding energy savings and their GHG impact, utilizing widely available grid and meter data. This provides a clearer understanding of how building projects contribute to ESG performance.
A Shift from Energy to GHG Impacts
This new approach marks a significant shift at ICP, expanding the focus from energy efficiency to GHG optimization, a growing priority for organizations seeking to meet aggressive carbon reduction targets. The European Union’s commitment to deforestation-free commodities by the end of 2024 is just one example of the regulatory pressures pushing investors and corporations to accelerate their sustainability efforts. ICP’s GHG conversion factor aligns with this momentum, offering the tools to meet emerging global standards while advancing meaningful climate action.
To learn more and access the new ICP GHG method, visit: https://www.eeperformance.org/ghg-accounting.html
About the Investor Confidence Project (ICP)
The Investor Confidence Project is dedicated to increasing investor confidence in energy efficiency projects by standardizing how projects are developed, documented, and measured. ICP’s protocols reduce transaction costs, improve reliability, and promote greater market participation by enabling predictable outcomes for building energy efficiency investments.
ESG investments continue to grow in 2024, with global ESG assets projected to reach $33.9 trillion by 2026, representing over 20% of total assets under management, according to PwC's Asset and Wealth Management Revolution 2022. The rapid expansion in ESG investments reflects the increasing demand for accountability and sustainable practices across industries, driven by corporate commitments and investor pressure.
Historically, energy efficiency projects have focused on energy savings and financial returns. However, ICP’s new approach enables stakeholders to evaluate the carbon emissions of projected building retrofit investments.
GHG impacts can be tracked monthly or hourly through smart meter data, helping optimize retrofit strategies by targeting peak grid hours with the highest GHG intensity. This innovation can increase GHG reductions, particularly for commercial buildings where energy use often coincides with high-emission periods.
Benefits for ESG-Driven Organizations
ICP’s new GHG conversion standard offers investors and building owners a step-by-step process to define the appropriate GHG metrics for their goals. It also establishes clear guidelines for ensuring that projects are measured accurately regarding energy savings and their GHG impact, utilizing widely available grid and meter data. This provides a clearer understanding of how building projects contribute to ESG performance.
A Shift from Energy to GHG Impacts
This new approach marks a significant shift at ICP, expanding the focus from energy efficiency to GHG optimization, a growing priority for organizations seeking to meet aggressive carbon reduction targets. The European Union’s commitment to deforestation-free commodities by the end of 2024 is just one example of the regulatory pressures pushing investors and corporations to accelerate their sustainability efforts. ICP’s GHG conversion factor aligns with this momentum, offering the tools to meet emerging global standards while advancing meaningful climate action.
To learn more and access the new ICP GHG method, visit: https://www.eeperformance.org/ghg-accounting.html
About the Investor Confidence Project (ICP)
The Investor Confidence Project is dedicated to increasing investor confidence in energy efficiency projects by standardizing how projects are developed, documented, and measured. ICP’s protocols reduce transaction costs, improve reliability, and promote greater market participation by enabling predictable outcomes for building energy efficiency investments.
RSS Feed