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By Renaud BREYER, Partner, Sustainability Leader and Vanessa MÜLLER, Partner, Consulting, EY Luxembourg
The real estate industry is facing many sustainability-related challenges as buildings are responsible for nearly 40% of global greenhouse gas (GHG) emissions according to recent market studies(1). Half of energy and raw material consumption and one-third of total water consumption can be attributed to the construction and real estate industry. As a result, there has been a growing emphasis on ESG strategy, monitoring and disclosures in the real estate sector. Investors and asset managers are seeking greater transparency and accountability regarding the ESG performance of real estate assets. The range of...
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