The impact of European ESG-regulation on the Real Estate & Construction sector.
Futureproof Real Estate
In 2019, the European Commission launched the European Green Deal. This launch marked the start of numerous initiatives aimed at making Europe the first climate-neutral continent by 2050. One of these initiatives is the “Sustainable Finance Action Plan”. This action plan formulates a set of necessary reforms to make sure that capital is reoriented towards Environmental, Social and Corporate Governance (ESG) purposes. The central idea behind this, is that investments, both from corporate and private investors, should be steered towards and used for ESG activities and investments. In addition, these reforms aim to counteract corporate “greenwashing”.
The Sustainable Finance Action Plan resulted in regulations and guidelines that further develop and harmonize sustainability reporting within the EU. In this whitepaper, we aim to provide an overview of the main EU regulations for the Real Estate and Construction sector.
Corporate Sustainability Reporting Directive (CSRD)
Sustainable Finance Disclosure Regulation (SFDR)
EU Taxonomy Regulation
Energy Performance of Buildings Directive (EPBD)
Conclusion
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