This is the basis for our ESG strategies: managing risk whilst creating value in CRE investment markets and plans.
We help to define, build and implement ESG strategies to ensure that businesses comply with regulations, are focused on reaching net zero in terms of carbon, water and waste generation, achieving certification, etc., in a manner that is financially viable whilst adding value over the short, medium and long term.
Our multi-disciplinary team comprising environmental experts, engineers, architects and economists help both occupiers and investors to adopt ESG strategies in keeping with their needs, based on scientific principles whilst balancing other factors crucial to success. How? Working shoulder to shoulder with experts from other areas and business lines to ensure that ESG results fit within the wider scope of real estate strategy.
Our contribution does not stop there. We offer the following services as part of a global strategy.
WHAT ELSE CAN WE DO FOR YOU?
COMPLIANCE
Cushman & Wakefield’s team takes full advantage of its experience in the legal and technical fields in order to ensure that your business conforms to current and future requirements. We analyse assets within the EU, SFDR and CRREM taxonomic frameworks and local regulations to ensure that investment strategies are in keeping with overall 1.5º targets, managing risk and growing liquidity. We help our corporate clients to comply with mandatory reporting and audit obligations (for example, article 8 energy and CSRD auditing).
- ESG Due Diligence
- EU Taxonomy alignment/SFDR
- CSRD
- CREEM
OPERATING EFFICIENCY
Aside from reducing the environmental impact of the building, the main driver of sustainability investments is to improve energy efficiency. In order to remain at the forefront of best practice and ensure continuous improvement, sustainability must be integrated within the day-to-day management of the property. By way of example, this involves continuous monitoring of KPIs and compliance within the supply chain. The monitoring data is used to propose corrective measures.
- Energy auditing
- ESG product improvement plan.
- Comparative internal and external assessments.
CLIMATE RISK MANAGEMENT
Climate risk refers to the possibility that climate change will lead to adverse ecological, economic and social consequences. Given that flooding, drought and heat waves may impact daily operations and, as a consequence, reduce asset values, real estate assets prove particularly vulnerable. Those buildings that are not adapted to climate change will also face transitional risks in that they will be forced to bear the cost of the excess emissions that they generate. Property assets may be adapted in order to reduce their vulnerability to climate risk and even mitigate some of its effects.
- Climate risk appraisal.
- Water efficiency audits.
DEMONSTRATING IMPACT THROUGH CERTIFICATION AND REPORTING
Certification schemes such as LEED, BREEAM and WELL define the parameters with which a building must comply in order to be considered sustainable or healthy. They help to easily identify improvements that may be made to a building, whether in terms of its construction or maintenance. Both their scoring systems and the building audit process make these certifications highly useful in transparently reporting the ESG performance of the building and enabling comparison with others. Both tenants and landlords may request certification in order to facilitate decision-making.
Life-cycle analysis consists of analysing the emissions generated by a building, both in terms of the materials used in its construction and the emissions derived from energy consumption during use. Aside from emissions, an LCA may enable the analysis of other environmental indicators, such as water consumption and building circularity. Both of the foregoing are key indicators for reporting against EU Taxonomy goals.
- LEED, BREEAM, WELL
o Valsollana Green Business park
o Diagonal 123
o Natura Towers – Cofidis - ACV
o Amazon carbon baseline
IMPROVING HEALTH, WELL-BEING AND PRODUCTIVITY
The buildings and spaces that we occupy affect the health and well-being of users, both directly and indirectly. These two factors are key to fostering a sense of belonging to a place or a business and improving the creativity and productivity of people using the building. Through health and well-being strategies, a building may be able to create synergies with the surrounding community, contributing to reputational benefits
- WELL
o D123 - Integration of health and well-being in the customer experience
o SAP - Social innovation
o ESADE urban farming
ACHIEVING CARBON NET-ZERO
Real estate assets are responsible for 40% of worldwide greenhouse gas emissions. Strategy at a European level and the regulatory framework have set a goal of a 30% improvement in energy efficiency certification and renewable electricity generation by 2030, as well as establishing a route map towards a 60% reduction in emissions by 2040 and 80% by 2050. We analyse the status of your properties, guiding and accompanying you on the path towards carbon net-zero through transformation into assets that are healthier, more profitable and more resilient.
- Energy audit
- Net zero assessment
ESG ASSESSMENT REPORT
The purpose of an ESG assessment is to provide insights into the main ESG drivers in order to generate, protect and grow the value of an asset and/or portfolio, demonstrate how to capitalise on these value drivers, provide details on how each ESG measure impacts the asset value and provide a practical route map for the application of the proposed measures.
The main categories/KPIs analysed in an ESG assessment report are:
- Energy and carbon
- Water efficiency
- Waste management
- Health and well-being
- Biodiversity and green spaces
- Transport and mobility
- Community/Tenants
- Risk assessment
- Property Management
- ESG DD
o Patrizia.
o CBRE Global Investors
