Weighted average stranded/misaligned year for portfolio for GHG
Definition:
Weighted average of the stranded/misaligned year is based on carbon intensity of all assets in the portfolio (e.g. using CRREM pathways).
Additional Guidance:
This indicator follows the same methodological principles as ESG4.4.1 (Energy stranded/misaligned year), but is based on carbon intensity (kgCO₂e/m²/year) rather than energy intensity (kWh/m²/year).
Managers should apply CRREM or equivalent pathways, disclose assumptions, data sources, and weighting approach.
Note that in market practice, the term 'Misaligned year' is increasingly used instead of 'Stranded year' to describe the first year an asset no longer aligns with the relevant decarbonisation pathway. For consistency with CRREM, the terms may be considered equivalent. CRREM initiatives refers to the term ‘Stranded asset’ or ‘Stranding year’ with regard to the non-compliance of assets related to the respective decarbonization pathway. ‘Stranding’ does not mean a property gets worthless.
This indicator is one of the six environmental factors considered most relevant for underwriting (see INREV (2025) Integrating environmental considerations in real estate underwriting paper).
| Data Type | String |
|---|---|
| Values | Predefined list (drop-down selection): 2020, 2021, 2022, 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033, 2034, 2035, 2036, 2037, 2038, 2039, 2040, 2041, 2042, 2043, 2044, 2045, 2046, 2047, 2048, 2049, 2050, 2051, 2052, 2053, 2054, 2055, |
| Example | 2026 |
| Reference Field | Asset data - Weighted average of RAL4.2 (Stranded/Misaligned Year based on carbon intensity according to the chosen CRREM pathway), by AL1.18 (Market value at the end of the period) |
| INREV Guideline ID | ENV48 |
| INREV Index reference | - |
| External reference | - |
| GDD reference | - |