Assignment Task
The scenario
You as head of estates and your Real Estate Team at Company X have been charged by the CEO to strategically align the company’s global real estate portfolio with the renewed focus on the corporate commitment to save, protect, and restore the natural environment by better managing the resources consumed in the company’s property based operations while navigating in a post-pandemic environment.Your CEO, with the backing of her corporate Board and investors, wants to take aggressive steps to ensure that the company no longer contributes to the problem. In a recent meeting, she said:“The heart of the matter is that turning our company green will need a completely different way of thinking than was required in the past. The problem we’re facing means we can’t look backward. There is often a short-sightedness when we are tackling long-term challenges. But looking forward means doing things that haven’t been done before, and that makes them inherently risky. This challenge is worth the risk.”In its latest World Energy Outlook, released in November 2019, the International Energy Agency projected that annual global emissions would rise by 5 percent by 2030 (to nearly 35 gigatons of carbon dioxide), which is far above the level needed to avert catastrophic climate change. This is unacceptable.The Board wants to develop a proactive strategy that identifies the aspects of the company’s global real estate portfolio, which contribute to climate change and prepare a strategy to mitigate and replace them. As the world begins a new normal following the global pandemic.
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