Document summary
A low carbon economy shift in line with the globally formulated 2°C scenario translates to a carbon abatement target for CS’s Swiss real estate portfolio of at least 75% of its 2010 GHG emissions until 2050. Given the current regulatory and market constraints however CS would be able to recover only part of its investment though higher rents or direct energy savings. The implications are that clear processes and planning in energy management, target-setting, communications and investment are required, plus material regulatory changes and more flexible tenant laws allowing landlords to pass on full investment costs.