How Höegh Eiendom completed 240 GHG inventories in six weeks
Real estate company Höegh Eiendom uses Morescope, part of Position Green, with its accounting partner Aider to produce carbon accounts for each building and for the whole group. In six weeks, 240 GHG inventories were set up, covering 2024 plus historical figures for 2022 and 2023.
Since 1927, Höegh Eiendom has created inspiring and vibrant places. It makes conscious environmental choices, cuts emissions, improves the energy efficiency of its buildings and chooses solutions future generations can live with. The company is ISO 14001 certified and uses BREEAM to cover the most important aspects of sustainability.
The challenge: emissions per company across 80+ companies
With a property portfolio of more than 80 companies, Höegh Eiendom wanted to see carbon emissions per company. That set a high bar for its carbon accounting and reporting system: seamless data integration for accurate measurement, flexibility and continuous development.
The solution: accounting figures are climate figures
Höegh Eiendom already used Aider for payroll, accounting and its ERP system. “It was therefore natural for us to use their sustainability services as well,” says Anjan Banstola, Senior Controller at Höegh Eiendom. “Aider introduced us to Morescope and we quickly saw that this was a good match for us.”
Morescope estimates emissions from the latest annual accounts (transaction data), and precise activity data from operations, suppliers or partners replaces estimates where it exists. “Carbon accounting starts with the accounting figures and an overview of purchases and suppliers. Therefore, it is an advantage that we know the customer’s accounts in detail,” says Sjur Langedal, Director at Aider.
The results: 240 carbon accounts and three years of history
“Within a few weeks, we set up integration with the accounting system and Morescope, structured the setup so that Höegh Eiendom now has individual carbon accounting per building, divided into owned and managed buildings, as well as total carbon accounting for the entire group,” says Langedal. “We started carbon accounting for 2024, then we added historical figures from 2022 and 2023, so they can already see changes from year to year.”
- 240 carbon accounts: per building, split into owned and managed, plus a group total
- Year-on-year comparison from 2022 to 2024
- Targets aligned with the Paris Agreement and science-based targets
- One report for sustainability reporting and ISO certification
“Tenants in the buildings naturally also want an overview of their share of the climate footprint from the tenancy. A future wish is to be able to give each tenant an overview of their climate footprint.”
Anjan Banstola, Senior Controller, Höegh Eiendom
