GlobalData offers a comprehensive analysis of Altus Group, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Altus Group’s ESG performance. GlobalData’s company profile on Altus Group offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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Altus Group, a leading provider of advisory and software solutions for the real estate industry, is taking steps to reduce its carbon emissions. Additionally, the company plans to power its operations with 100% renewable energy by 2025, five years ahead of its original target. In terms of emissions, Altus Group's 2022 scope 1 and 2 emissions totaled 1,712 metric tonnes (MT) of carbon dioxide equivalent (CO2e). The emissions breakdown in metric tons of CO2e comprises 463 MT CO2e for Scope 1, 1,211 MT CO2e for Scope 2 (location-based), and 1,248 MT CO2e for Scope 2 (market-based). Electricity was the largest contributor, accounting for 71% of scope 1 and 2 emissions. The company's scope 2 emissions, which include indirect emissions from electricity consumption, make up 73% of its footprint.
Altus Group has already taken several measures to reduce its emissions. Through its advisory services, the company supports sustainable and LEED® projects, provides tax guidance on renewable energy projects, and offers third-party opinions for the issuance of green bonds. Altus Group's cloud-based solutions help clients reduce their reliance on on-premise servers, thereby reducing the energy and carbon impact of their IT operations. The company is also implementing an activity-based work model to reduce emissions from commuting.
Altus Group is committed to measuring and reporting its emissions. It has partnered with climate and sustainability consulting firm Agendi to calculate its scope 1 and 2 emissions. This analysis helps the company understand its emission hotspots and climate-related risks, providing a baseline for tracking progress. The company recognizes the urgency of addressing climate change and is focused on reducing energy and water consumption, limiting waste, and minimizing greenhouse gas emissions. The company's environmental stewardship efforts include conducting baseline assessments of its emissions and implementing strategies to reduce energy and water usage.
Overall, Altus Group is taking significant steps to reduce its carbon emissions by investing in renewable energy, adopting sustainable practices, and implementing emission reduction measures. The company is demonstrating its commitment to environmental sustainability and addressing the challenges of climate change.
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