Driving CARBON emissions to zero

NREP’s ambition is to drive our net operational and embodied CO2e emissions to zero already by 2028. The near-term goals for delivery by 2023 includes reducing upfront embodied carbon by up to 33% on own new developments and reducing min. 50% of operational carbon emissions from 2020 levels. By proving solutions we can help raise the industry standard more broadly – which we see as one of our core opportunities to make a difference both in the Nordics and internationally.

We have previously adopted the 1.5 degrees decarbonization pathways of the Carbon Risk Real Estate Monitor (CRREM), which provides tangible science-based target levels for the energy intensity reductions per property type. In 2020 we significantly increased investments in tools and capabilities to decrease the embodied carbon of our new developments and our portfolio carbon intensity continues to reduce in line with the decarbonization pathways. We have also continued to create solutions and partnerships for scaling the adoption of existing technologies to further decrease operational carbon of new developments and standing assets.

During the year we also stepped up the ambition level and pace of our roof top solar program, the largest in the Nordics. Since 2019 we have completed or are in the process of completing the development of 14.3 MW capacity, well on track to reach our cumulative goal of 30 MW by 2025.

NREP is performing in line with carbon reduction pathways

ENVIRONMENTAL GOALHeadline measuresTargets2020 actuals
Decrease carbon & resource footprintUpfront Embodied CO2e : Kg/sqm/year (LCA stages A1-A5)13-4 kg in 20236.0 kg
Operational CO2e emissions: CO2e intensity (kg / sqm / year) (Electricity, heating & cooling)2 CRREM 1.5O target (19 kg in 2020) and 0-3 kg in 2023 6.5 kg (CRREM 1.5O compliant)
Operational Energy consumption: Energy intensity (kWh / sqm / year) (Electricity, heating & cooling)3 CRREM 1.5O target (149 kWh in 2020)91.6 kWh (CRREM 1.5O compliant)
On-site renewables: MW capacity installed or in process to be installed >30 MW in 202514.3 MW

1. LCA calculation period is 50 years. 2020 actual based on 9 NREP developments
2. CO2 intensity for standing assets with data coverage for both electricity and heating/cooling consumption. National CO2 intensity factors applied
3. Consumption data has been estimated for assets with no data availability based on portfolio intensities by segment



In 2020, the residential project Norra Vitsippan was decided to become a net-zero energy project. The project reaches net zero energy partly though a hybrid solar and geothermal system where high temperatures from solar collectors on three buildings are stored and utilized to increase the temperature from geothermal as well as for warm water production.

The project uses modern modular construction in wood to reap the benefits of industrialization and sustainable materials.

Watch the video to hear more about the project ambitions and see how the energy solution works. Read more about the project here.

largest ever Nordic rooftop solar plant

The roofs of logistics facilities are ideal for installation of solar plants. Therefore, we leverage the rooftop areas to supply green energy to the facilities, as well as to the grid.

In 2020, we announced the installation of the largest rooftop solar plant in the Nordics. On top of our logistics facility Solskenet, in Borås, we are installing a 60,000 sqm rooftop solar plant – equivalent to almost nine football fields – the system will have a capacity of 5 MWp and is estimated to be capable of producing 4 GWh of electricity a year, which is equivalent to the annual electricity demand for 1,800 all-electric cars or 800 homes.

See the facility where the installation is taking place, and read more about the project here.


NREP strives to use LCA assessments as a progressive design tool at the very initial design stages to improve the way we build. This may sound obvious, but most developments in the Nordics still do not to do an LCA analysis at all, and those that do typically do it as a backward looking accounting exercise documenting where the carbon footprint of the building ended up.

Analysis and actions to reduce the carbon footprint of large upmarket developments with larger economic margins is easier compared to smaller developments with very restricted budgets, where cost pressures typically are used as an argument to not implement more environmentally sustainable solutions. Store Torv III is a smaller development located in Tingbjerg, a socially disadvantaged neighborhood of Copenhagen, and thus serves as a good example of that early stage incorporation of LCA scenario analysis makes it possible to decrease the CO2 footprint in a cost efficient manner even when cost levels must meet the needs of a low-income context.

Read the whole case study and analysis here.

Explore more illustrative cases on nrep.com, or go to next page.