You are the tenant (lessee)
In your Scope 1 and 2 if you hold the asset under a finance lease, or operate it under the operational control approach; otherwise category 8.
Upstream leased assets.Ask direct questions about your own reporting — your thresholds, your dates, what you file and when.
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Software · real estate carbon accounting, cited
Real estate carbon accounting software builds a portfolio’s greenhouse gas inventory, and its hardest job is deciding whether each building’s emissions belong to the landlord or the tenant.
This page sets out the GHG Protocol rules for leased assets, what CRREM, GRESB, MEES and whole-life carbon ask of the data, and lists 5 vendors in their own words; this site has tested no products and ranks none.
What the software does
Real estate carbon accounting software measures and records the greenhouse gas emissions of a property portfolio, building by building.
It is carbon accounting software with a lease register in the middle, because in property the question of whose emissions they are comes before the arithmetic.
The method underneath is the GHG Protocol Corporate Standard with the Scope 3 Standard, and for UK energy the government’s conversion factors, one set per activity year.
On top of the inventory sit the property-specific measures: intensity per square metre for CRREM and GRESB, EPC ratings for MEES, and sometimes whole-life carbon for new work.
Every asset, its floor area, property type, country and the leases on it.
One consolidation approach, applied across Scope 1, 2 and 3, and each lease typed as finance or operating.
Meters and bills for landlord-controlled and tenant-controlled areas, and estimates where data is missing.
Scope 1, Scope 2 and Scope 3 categories 8 and 13, each figure with its factor and year.
Carbon and energy per square metre, compared with a CRREM pathway.
SECR lines, UK SRS S2 metrics, a GRESB submission, or an investor’s data request.
Landlord and tenant
The same building can sit in one company’s Scope 1 and 2 and in another company’s Scope 3, and the GHG Protocol is built so that it does.
The Corporate Standard requires a company to consolidate by either the equity share or the control approach, and under control to choose operational or financial control.
The Scope 3 Standard says companies “should use a consistent consolidation approach across the scope 1, scope 2, and scope 3 inventories”, and that leased assets excluded from the boundary “may become relevant” in Scope 3.
Its Appendix A sets out the result for lessee and lessor, and states the rule that keeps them from double counting: if a lessee reports purchased electricity as Scope 2, “the lessor categorizes the same emissions as scope 3, and vice versa.”
| Lease type | Approach | Tenant (lessee) | Landlord (lessor) |
|---|---|---|---|
| Finance or capital lease | Equity share or financial control | Scope 1 (fuel) and Scope 2 (electricity) | Scope 3, category 13 |
| Finance or capital lease | Operational control | Scope 1 and Scope 2 | Scope 3, category 13 |
| Operating lease | Equity share or financial control | Scope 3, category 8 | Scope 1 and Scope 2 |
| Operating lease | Operational control | Scope 1 and Scope 2, for sources in the leased space | Scope 3, category 13 |
The Standard says the first step is to know which kind of lease you hold, and suggests the company’s audited financial statements as one way to check.
A tool should therefore store the lease type against each asset and apply the approach once, centrally, rather than asking whoever enters a meter reading to decide the scope.
The consolidation approaches, and why the choice decides which leased assets fall in Scopes 1 and 2, are set out on the GHG Protocol.
In your Scope 1 and 2 if you hold the asset under a finance lease, or operate it under the operational control approach; otherwise category 8.
Upstream leased assets.In your Scope 1 and 2 for an operating lease under the equity share or financial control approach, or under operational control where you can show you have it; otherwise category 13.
Downstream leased assets.Scope 3 categories 8 and 13
Category 8 covers “the operation of assets that are leased by the reporting company in the reporting year and not already included” in its Scope 1 or 2, and applies only to lessees.
Category 13 covers “the operation of assets that are owned by the reporting company (acting as lessor) and leased to other entities”, again where they are not already in Scope 1 or 2.
A landlord’s category 13 includes the Scope 1 and 2 emissions of its tenants, depending on the tenants’ own consolidation approach, and a tenant’s category 8 includes the landlord’s.
The Scope 3 Standard treats no category as optional: companies “shall account for all scope 3 emissions” and disclose and justify any exclusion.
For category 13 the Standard gives two examples of data: site-specific energy use from utility bills or meters, and estimates from industry-average data such as energy use per floor space by building type.
That is why tenant data coverage matters in a tool: an estimate is allowed, but it should be labelled, sourced and replaceable when the meter data arrives.
UK SRS S2 ¶B32 asks an entity to consider all fifteen categories and disclose which are included, and ¶B33 requires the categories to be disclosed whatever the method.
PPN 006 is narrower: the Technical Standard names five Scope 3 categories for a Carbon Reduction Plan, and upstream and downstream leased assets are not among them, as set out on the PPN 006 guide.
How tools estimate each of the fifteen categories, and where supplier data replaces an average, is covered on Scope 3 emissions software.
Module 01 / 04
Module 02 / 04
Module 03 / 04
Module 04 / 04
CRREM pathways
CRREM, the Carbon Risk Real Estate Monitor, publishes decarbonisation pathways for buildings by country and property type.
In its own words, each pathway “specifies year-by-year carbon intensity (kgCO₂/m²/year) and energy intensity (kWh/m²/year) limits aligned with 1.5°C” (CRREM, How to use).
The Misalignment Year is “the projected year when a building’s performance trajectory crosses below its relevant CRREM Pathway”, and CRREM calls it the primary output of an assessment.
CRREM asks for whole-building data, “landlord and tenant areas”, which is the opposite cut from the inventory’s landlord–tenant split, so a tool must be able to show both.
CRREM says no software is required: “All data required to calculate the CRREM Misalignment Year is published open-access”, and the calculation is a direct comparison of intensity against pathway values.
Its data is free for internal use with attribution, but “embedding in paid software” requires a separate License Partner agreement, so ask whether a vendor holds one.
CRREM’s pathway explorer cites “CRREM Global Pathways V2.04 (August 2025)”, and its FAQ describes a 3–5 year review cycle, with a review of the energy pathways expected to deliver guidance later in 2026.
CRREM’s FAQ also says the free Excel-based calculation tool “retires on 1 July 2026”, a date now passed, with the methodology delivered through license partners and the pathways kept open access.
CRREM began as an EU Horizon 2020 research project, as its own history records, and says GRESB, the SBTi, INREV, IIGCC and NZAOA reference or build on its pathways; that is CRREM’s statement about others, not theirs.
A pathway is a benchmark, not a legal standard: none of the UK instruments this site’s fact store records requires a building to meet a CRREM pathway.
Metered energy per square metre, the whole building (landlord and tenant areas), property type, jurisdiction and floor area.
The CRREM pathway for the country and property type, in carbon or energy intensity.
Actual intensity against pathway values; the Carbon Risk Factor shows how far above or below.
The year the asset’s trajectory crosses its pathway — CRREM’s primary output.
GRESB
GRESB scores and rates real estate entities that choose to submit to its annual assessment.
Its 2026 cycle has run its course, so a 2026 result exists only for those who took part.
GRESB is made up of the GRESB Foundation, which sets its standards, and GRESB BV, which runs the assessments and whose majority shareholder is General Atlantic.
The GRESB Rating is a quintile: “Each year, 20% of entities receive a GRESB 5 Star rating”, so 5 Stars means out-ranking other participants, not meeting a fixed standard.
There is no such thing as “GRESB certified”: GRESB issues a score, a rating of 1 to 5 Stars and a rating logo, and a correct form is “GRESB 4 Star rated (2025)”.
GRESB says it is “not possible to estimate the GRESB Score” because of validation decisions, in its own scoring guide, so a tool that forecasts a score is offering its own estimate.
A GRESB result is not a regulatory compliance position, and no primary source has been found requiring GRESB participation.
Of the 5 vendors filed here for real estate, 2 name GRESB in what their own pages say (Deepki, Measurabl); the vendor’s words are a claim, not a finding by this site.
MEES and EPCs
The minimum energy efficiency standard for privately rented property in England and Wales is set by SI 2015/962, and its floor is an EPC of band E.
A property tool that flags assets against a higher band is applying a scenario, which is useful only when it says so.
Regulation 22(b) of SI 2015/962 sets the minimum level as “an energy performance indicator of band E”, and regulation 20(3) takes short lettings and leases of 99 years or more outside the non-domestic regime.
For non-domestic property, regulation 41 sets penalties of up to £50,000, or up to £150,000 for a breach of three months or more, and a breach is published on the PRS Exemptions Register for at least 12 months.
The non-domestic landlord guidance is headed “Applies to England and Wales”, and the instrument’s own title says the same.
Scotland’s domestic regime was, as sourced, a draft using a heat retention rating of C from 1 April 2028, so “EPC band C” in Scotland and in the English proposal do not measure the same thing.
For domestic lettings, the latest government position described in the EPB Regulations review is a dual-metric standard from October 2030, and it too is not enacted.
The recast EU directive on the energy performance of buildings applies to buildings “within the Union” and is not UK law; the UK’s EPC regime runs under its own regulations and, since the Energy Act 2023, a domestic power to amend them.
For software, the test is whether each asset holds its EPC rating and date, any registered exemption with its evidence, and a clear line between the legal band and any scenario band.
Operational, embodied and whole-life carbon
A portfolio inventory measures operational carbon, while whole-life carbon assessment measures a project, from materials to end of life.
The RICS whole life carbon assessment standard, second edition, has been mandatory for RICS members since 1 July 2024; it is a professional standard, not legislation.
There is no national legal requirement in England to assess or limit embodied carbon, and Part Z is an industry proposal for a new part of the Building Regulations, not law.
The Future Homes and Buildings Standards regulate operational carbon for new work in England, most of it from 24 March 2027, as set out on the Future Homes Standard.
The government calls homes built to the new standard “zero carbon ready”, meaning they become zero carbon as the grid decarbonises, as the written ministerial statement explains; that is a weaker claim than zero carbon.
PAS 2080:2023, effective 31 March 2023, is BSI’s voluntary specification for managing whole-life carbon in buildings and infrastructure, often required by clients rather than by law.
Embodied carbon for a building project is life cycle work, and the tools and the standards behind them are covered on LCA software.
Of the vendors filed here for real estate, 3 are also filed for life cycle and product footprints (Dcycle, Deepki, One Click LCA); keep the operational inventory and project assessments apart in any export.
Heating, lighting and running the building, year by year.
The corporate inventory; Part L under the Future Homes and Buildings Standards for new work in England from 24 March 2027.Materials, construction, maintenance and end of life, per project.
RICS WLCA 2nd edition for RICS members; PAS 2080:2023 by choice or contract; Part Z only a proposal.Investors and lenders
For banks, insurers and investors, the emissions of properties they finance are Scope 3 category 15, investments, not their own buildings.
PCAF Part A, Financed Emissions, is now in its third edition (December 2025) and covers ten asset classes.
Commercial real estate and mortgages are among the six asset classes from the first edition that carry the Built on GHG Protocol mark; later additions have not been reviewed, because that review service has closed.
UK SRS S2 ¶29A permits an entity to limit its category 15 measure to its financed emissions, and to exclude emissions attributable to derivatives.
A fund that owns and operates buildings may report them in its own Scopes 1 to 3 under the lease rules above, and report its lending or listed holdings separately as financed emissions.
Of the vendors filed here for real estate, 4 are also filed for financed emissions (Dcycle, Deepki, IBM Envizi ESG Suite, Measurabl).
How UK SRS S2 treats category 15 is set out on financed emissions under IFRS S2.
PCAF Part A
3rd editionDecember 2025Asset classes in Part A
10up from six in 2020With the Built on GHG Protocol mark
6including commercial real estate and mortgagesUK reporting duties
No UK law requires a property company to use software, but several duties decide what its figures must show.
Each duty has its own boundary and its own test for who is in scope.
| Duty | Who is in scope | What it asks of a portfolio’s figures |
|---|---|---|
| SECR | Quoted companies, and large unquoted companies and LLPs: exceeding two of £36m turnover, £18m balance sheet and 250 employees, over two consecutive years after the first | Energy in kWh, the related emissions, an intensity ratio, methodology and comparatives |
| UK SRS through PS26/19 | Listed companies in UKLR 6, 14, 15, 16 and 22, comply or explain, for periods beginning on or after 1 January 2027 | UK SRS S2 metrics, including location-based Scope 2 and Scope 3 with the categories disclosed |
| UK SRS S1 and S2 | Voluntary for everyone else (published 25 February 2026) | The same standards, used by choice |
| PPN 006 | Bidders for in-scope central government contracts above £5 million a year; procurement policy, not a legal duty on companies | Scope 1 and 2, and five named Scope 3 categories that exclude leased assets |
A company stays exempt from SECR while at least two of its figures are not more than those limits, and after its first year its status changes only when the new position holds for two consecutive years.
UK SRS S2 requires location-based Scope 2, so a tool used for it must hold the DESNZ grid factor for the activity year, not only supplier-specific figures; the standard is set out on UK SRS S2.
The SECR lines themselves, including the kWh figure, are covered on SECR.
The vendors
Every vendor this site files under real estate, alphabetically, which ranks nothing, each linked to its own site and its profile here.
The directory covers 73 vendors across all categories; this guide shows the 5 filed for real estate.
5 vendors · real estate
“Dcycle is an ESG software platform founded in 2020 that helps companies collect, manage, and govern sustainability and non-financial data”
“Deepki centralizes your sustainability data, strategy and operations in one place so you can act on carbon, climate risk, and finance”
IBM describes Envizi as a “compliance ready solution for ESG data”.
“Measurabl makes subjective sustainability data objective”
One Click LCA describes automated life cycle assessment (LCA) and environmental product declarations (EPDs) “across the construction value chain”.
Alphabetical, which ranks nothing. Each description is the vendor’s own words from its own site, read 11 October 2026 and 30 September–1 October 2026; prices appear only where the vendor publishes one. No product here has been tested by this site.
Each profile records what the vendor says, who owns it and what its pages claim: Dcycle, Deepki, IBM Envizi ESG Suite, Measurabl and One Click LCA.
3 of the 5 are also filed for organisational carbon accounting (Dcycle, IBM Envizi ESG Suite, Measurabl), and the wider field is compared test by test on carbon reporting software.
What the vendors say
Each figure beside this is computed from the registry, which records what each vendor says on its own pages with the page it was read on.
3 name ISSB or IFRS standards (Dcycle, Deepki, Measurabl), 3 name CSRD or ESRS (Dcycle, Deepki, IBM Envizi ESG Suite), and 1 name SECR (Deepki).
A claim not found on the pages read is not evidence that a product lacks the capability; it means the vendor did not say so where this site looked, 11 October 2026 and 30 September–1 October 2026.
None of these vendors’ recorded claims mention leased assets, lessors, lessees or categories 8 and 13, so ask the lease-mapping question directly rather than assuming it from a Scope 3 claim.
As at 11 October 2026, when the registry’s ownership fields were read, 1 of the 5 vendors here record an owner or a merger: IBM Envizi ESG Suite (Part of IBM since January 2022).
The owners’ own announcements record 1 ownership event since 2025 touching vendors in this guide: SimaPro and PRé join One Click LCA (2 September 2025).
Name GRESB
2anywhere in what their pages sayClaim a Scope 3 capability
4in their own wordsClaim SECR output
1on their own pagesClaim UK SRS
0on the pages readPricing
Most real estate carbon accounting vendors do not publish a price.
Of the 5 in this guide, 0 publish a figure and 1 publish a free option (Measurabl); each appears in the directory as the vendor states it, and none is this site’s estimate.
For a property portfolio the unit of price matters as much as the figure: per asset, per square metre, per user or per module.
Ask for a written three-year cost that names the number of assets, meter data connections, the CRREM licence position, GRESB submission support, assurance support and the cost of exit.
CRREM says its pathways and computation guidance stay open access, and that embedding its data in paid software needs a separate License Partner agreement, so a product that runs CRREM analysis should say whether it holds one.
Publish a figure
0on their own pagesPublish a free option
1with paid upgradesEnterprise level · TBD
4no price publishedThe tests before you sign
Run each test on a few of your own buildings, including one leased out, one leased in and one with missing tenant data.
Tick the questions that match your portfolio and copy the list into your request to every vendor.
A blank answer is not a yes, and the same list sent to each vendor is the only fair comparison.
The boundary and lease tests come from §5.2 and Appendix A of the Scope 3 Standard; the data test from its category 13 data sources; the pathway tests from CRREM’s own workflow.
The MEES test comes from Part 3 of SI 2015/962, and the factor test from the DESNZ rule that each set is for activity in its own year.
Demo questions · tick the ones you need
The pass tests are our reading of the cited provisions.
Nothing you tick is stored or sent.
Choosing without a ranking
There is no best real estate carbon accounting software in general, and a list that names one has chosen the criteria that produce its answer.
Many guides that rank for these searches are published by a vendor; read who wrote a list before you read its order.
The useful question is whether a tool puts each lease in the right scope under your approach, and shows the working.
Building emissions software, property carbon accounting and carbon management software for real estate are different names for overlapping products.
Ask what each one calculates — an inventory, an intensity against a pathway, a benchmark submission or a project’s whole-life carbon — rather than what it is called.
Nothing on this page is a rating, ranking or recommendation of any product or firm.
The vendor directory quotes each vendor’s own words, dated, and every count on this page is computed from it.
Landlord, occupier, fund, lender — or several, which changes which categories you report.
Equity share, financial control or operational control, applied across all three scopes.
SECR, UK SRS S2, GRESB, CRREM alignment, an investor request, a Carbon Reduction Plan.
Lease mapping, whole-building data, pathway version, EPCs and exemptions, an export a verifier can follow.
Who you contract with, the CRREM licence, and what leaves with you.
Frequently asked
Software that builds a greenhouse gas inventory for a property portfolio: it holds the assets, the leases and the meters, applies emission factors to energy use, and places each building’s emissions in Scope 1, Scope 2 or Scope 3 categories 8 and 13 according to the lease type and the consolidation approach the company has chosen.
Most tools then add intensity metrics per square metre for CRREM and GRESB.
This site ranks no products and has tested none, so it names no best.
The useful test is whether a tool maps each lease to the right scope under your consolidation approach, keeps landlord and tenant areas apart without losing whole-building data, compares assets with the current CRREM pathway version, and exports every figure with its factor and source — shown on a few of your own buildings.
Often, but it depends.
Under the GHG Protocol Scope 3 Standard, a lessor reports its leased-out buildings in category 13 (downstream leased assets) when they are not already in its Scope 1 or 2, and a lessee reports leased-in space in category 8 when it is not in its own Scope 1 or 2.
Which side reports Scope 1 and 2 depends on the lease type and the consolidation approach, and the Standard’s Appendix A tabulates both perspectives.
Category 8, upstream leased assets, covers the operation of assets a company leases in, where they are not already in its Scope 1 or 2; it applies to lessees.
Category 13, downstream leased assets, covers assets a company owns and leases out, where they are not already in its Scope 1 or 2; it applies to lessors.
Both are counted for the part of the year the asset was leased.
Usually, software that compares each building’s carbon and energy intensity with its CRREM pathway and works out when it falls out of alignment.
CRREM itself says no software is required: its pathways and the guidance for the Misalignment Year are open access, and paid software that embeds CRREM data needs a licence partner agreement.
Ask a vendor which pathway version it uses; CRREM’s explorer shows Global Pathways V2.04 (August 2025).
Software that prepares a portfolio’s data for the GRESB Real Estate Assessment.
GRESB is a paid, self-selecting benchmark, not a regulation, and there is no such thing as GRESB certified: GRESB issues a score and a 1 to 5 Star rating, and the rating is a quintile, so each year 20% of entities receive 5 Stars.
No. The legal minimum for privately rented property in England and Wales under SI 2015/962 is band E. Band C by 2030 for privately rented homes is a policy aim still under design, and government expects to lay legislation in 2027; Scotland’s own regime was a draft as sourced.
A tool that flags assets against band C is applying a scenario, which is useful only if it says so.
Yes, in England and Wales.
Since 1 April 2023 a landlord may not continue to let a non-domestic private rented property below band E unless an exemption is registered, subject to carve-outs such as short lettings and leases of 99 years or more.
Non-domestic penalties can reach £50,000 or, for a breach of three months or more, £150,000.
Not at national level in England.
The Future Homes and Buildings Standards regulate operational carbon from 24 March 2027; Part Z, which would require whole-life carbon assessment, is a proposal and not law.
The RICS whole life carbon assessment standard, second edition, has been mandatory for RICS members since 1 July 2024 as a professional standard.
Through financed emissions, Scope 3 category 15, usually under PCAF Part A, now in its third edition (December 2025), whose commercial real estate and mortgages methods are among the six asset classes carrying the Built on GHG Protocol mark.
UK SRS S2 ¶29A lets an entity limit category 15 to its financed emissions.
Owning and operating buildings is a different inventory from lending against them.
It depends on the company.
SECR applies to quoted companies and to large unquoted companies and LLPs, and a company is large only when it exceeds two of £36m turnover, £18m balance sheet and 250 employees, judged over two consecutive years after the first.
Listed companies in five Listing Rules categories report against UK SRS on a comply-or-explain basis for periods beginning on or after 1 January 2027.
In this site’s registry, 1 of the 5 vendors filed for real estate publish a free option on their own pages (Measurabl), and 4 are recorded as Enterprise level · TBD.
CRREM’s pathway data is itself free for internal use with attribution.
Whatever the price, the tests on this page are the same.
No. This site has tested no products.
The page is built from the GHG Protocol, UK reporting rules, MEES and the standards and benchmarks that govern property emissions, each cited to its source, and the vendor directory quotes only what each vendor publishes about itself.
Sources
Every standard, rule, date and figure on this page traces to the source listed here.
Vendor descriptions, prices and ownership are cited on each vendor’s profile to the vendor’s or acquirer’s own page.
Equity share or control; under control, operational or financial.
§6.2: all Scope 3 accounted for, exclusions disclosed and justified; Table 5.4, the fifteen categories.
Leased assets by lease type and consolidation approach, lessee and lessor; data sources for leased buildings.
Location-based and market-based methods.
The UK factor sets, one per activity year.
Consider all fifteen Scope 3 categories and disclose which are included; the financed-emissions limitation.
Comply or explain for UKLR 6, 14, 15, 16 and 22, periods from 1 January 2027.
The SECR size test, over two consecutive years after the first.
Five named Scope 3 categories; leased assets are not among them.
Global Pathways V2.04 (August 2025); open-access data; the Misalignment Year.
Whole-building data, the Carbon Risk Factor, the review cycle and the retirement of the Excel tool.
Origins as an EU Horizon 2020 research project; the licence terms for CRREM data.
The GRESB Foundation and GRESB BV; the BV’s majority shareholder.
A quintile rating: each year 20% of entities receive 5 Stars.
Band E; the domestic and non-domestic prohibitions and their dates; the carve-outs.
Non-domestic penalties up to £50,000 or £150,000; publication on the register.
Band C by 2030 described as an aim under policy design.
The UK EPC regime’s EU origins and its post-Brexit power.
Buildings “within the Union”; not UK law.
Part L for new work in England from 24 March 2027; operational carbon.
Second edition, effective 31 March 2023; voluntary.
Mandatory for RICS members from 1 July 2024; a professional standard, not legislation.
A proposed amendment to the Building Regulations; not law.
Ten asset classes; commercial real estate and mortgages among the six carrying the Built on GHG Protocol mark.