This document was prepared by GRESB in response to the written feedback on the 2018 GRESB Real Estate Assessment provided by the members of the BBP. Elements of the document were discussed with the BBP during the in-person meeting kindly hosted by Aberdeen Standard Investments on December 4, 2018.
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The real estate sector accounts for more than a third of CO2 emissions in Europe, yet only 1% of building inventory is renovated each year. This reality has led to growing market awareness, with the emergence of new European and national environmental regulations.
Our industry is engaged in an important dialogue to improve sustainability through ESG transparency and industry collaboration. This article is a contribution to this larger conversation and does not necessarily reflect GRESB’s position. Please refer to official GRESB documents for assessment related guidance. Real estate owners are feeling pressure from all sides to take climate change, and its […]
Historically, climate-related risks have been mitigated through grey infrastructure such as sewers and HVAC systems, singular in function and difficult to retroactively expand. However, the built environment industry is waking up to nature-based solutions as a multifunctional approach to climate adaptation whilst meeting wider ESG priorities.