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ESG Real Estate Insights 2021
ESG moved to the top of the agenda in the real estate industry
Undoubtedly, ESG and sustainable investing are on top of the agenda of the financial industry. The impact on real estate players is significant and multi-faceted, and ranges from regulatory and tax topics to strategic planning and operational decisions. A year ago some of these aspects were still “music of the future”, whilst the pandemic has certainly accelerated developments and the need to act.
Impact that matters - Focus on Sustainability
ESG has taken a key role in organization’s strategies and daily operations. To remain successful, ESG factors have to be incorporated in strategic decision taking, transformation, reporting and assurance. We at Deloitte will accompany you through the sustainability journey and highlight any aspects which have an impact, today and in the future – and with a focus on real estate.
Our new article series „ESG Real Estate Insights” has been specifically developed to shed light on key ESG topics relevant to real estate players.
With contributions from Deloitte member firms in Austria, Central Europe, France, Germany and Luxembourg, connected to a worldwide network of real estate and sustainability experts, our annual article series aims at providing a diversified view.
#1 Sustainable Finance Disclosure Regulation (SFDR) in the Real Estate Industry
Discover the key steps and challenges for real estate asset managers to comply with the SFDR by March 10, 2021.
With buildings being responsible for approximately 40% of energy consumption and 36% of CO2 emissions in the EU, the relevance of SFDR to the real estate sector is indisputable.
Regulators, investors, stakeholders and the public in general are increasingly holding businesses accountable for sustainable practices. The growing relevance of sustainability issues is also driven by recent legislative developments which reflect the urgency to mitigate environmental risks related to climate change
#2 European Green Deal
What’s in there for real estate companies?
The European Green Deal aims at meeting the goals of the Paris Agreement to make the EU carbon neutral by 2050. Part of the Green Deal are various carbon initiatives – of which one of them is the improvement of the energy efficiency of all buildings. And important for real estate companies, one of the flagship programs of the Green Deal is building renovation.
What's next?
This article series consists of 10 articles, which will be published every 2 weeks. In each article we address some of the most interesting topics relevant to various real estate players, including:
- European Green Deal/ European Green Deal Investment Plan
- ESG & Finance
- ESG & Value
- ESG Reporting
- ESG Due Diligence
- Sustainable Corporate Strategy
- Social & Governance aspects of ESG
- Adding value to Real Estate through ESG and tax
- RE Carbon footprint
Recommendations
Sustainable Finance Disclosure Regulation (SFDR) in the Real Estate Industry
Discover the key steps and challenges for real estate asset managers to comply with the SFDR by March 10, 2021.
Real Estate Predictions 2021
Prepare to adapt to the changing market with the Real Estate Predictions 2021