Universal Principles for Carbon Pricing in the Real Estate Sector

This document outlines a set of universal principles for internal carbon pricing tailored to the real estate industry, aiming to drive the sector’s transition toward a low-carbon future. Developed through ULI’s C Change programme, these principles are designed to help real estate organisations align their financial and strategic interests with climate goals by implementing a voluntary carbon price. Key principles include a whole-life approach to carbon accountability, the use of uniform internal prices, transparent data reporting, and an emphasis on senior leadership engagement.

The report highlights the potential of carbon pricing to encourage sustainable investment and operational practices throughout the real estate value chain. Supported by industry leaders and organisations, these guidelines promote consistent standards and collaboration to address the global climate crisis by mobilising private capital and influencing long-term corporate behaviours. This initiative aims to accelerate real estate’s response to the decarbonisation challenge through practical, adaptable solutions for organisations at various stages of carbon management.