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      Record droughts and record floods in equal measure, continuing pandemic consequences, a shaken world order, an armaments industry that is fit for the stage, nuclear and gas in the taxonomy...

      The year 2022 has brought sustainability issues into the headlines with unprecedented frequency. "ESG" and "sustainability" are sometimes perceived as overused buzzwords or described as self-evident basics. There are calls to focus on the urgent fight against climate change and to dispense with the "distractions" of a holistic concept of sustainability.

      ESG has returned to normality

      However, it also became clear that ESG has arrived in normality and is not going anywhere. Practitioners are gradually taking over the helm from the visionaries. Reality and realism are moving in. ESG is increasingly determining our actions - because ESG is important and, above all, there is a lot to do for the property industry.

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      Our white paper "The new normal - ESG in the property industry" provides information on reporting obligations and new EU rules for financial products and gives recommendations on data management.

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      30%

      of CO2 emissions
      caused by buildings

      Paris Climate Pathway: The property sector is one of the main emitters of greenhouse gases and one of the main causes of climate change. Accordingly, the public, investors and politicians are calling for adjustments to the business models of real estate companies in order to drive decarbonisation forward in line with the Paris Climate Path. On the way there, it is important to reduce CO2 emissions with economically viable and technology-neutral measures.

      7

      sustainable activities in the construction and property industry

      EU taxonomy: From 1 January 2022, the taxonomy will require large capital market-oriented companies to report on the proportion of revenue, capital expenditure and operating expenses associated with environmentally sustainable economic activities as defined by the EU taxonomy. As the technical screening criteria for property activities are high hurdles, strong demand is likely to meet with a short supply. "Grey" real estate will have a harder time on the financial market

      56

      hectares of uncultivated land consumed daily in Germany

      Resilience: The threat of environmental risks is constantly increasing. Against this backdrop, companies are increasingly confronted with climate-related risks and opportunities and are making strategic decisions in response - also with regard to their transition to a low-carbon economy. Physical and transitory risks can pose a significant financial risk and require novel resilience and adaptation strategies.

      1.5

      million missing flats in DE cities by 2025

      "S" for social: property is part of everyday life and interacts with society. "Social sustainability" is a logical and obvious goal for the property industry. Without industry standards, there is a risk of being accused of whitewashing. Demonstrable (= measurable) contributions to reducing inequalities, improving education and medical care and strengthening human and labour rights are needed

      5

      trillion € investment required for the climate transition in Germany

      Government Plans: Climate protection in the building sector plays an important role. While the "Easter package" is intended to improve the RE framework conditions, the BMWK's "summer package" focuses on the building standards of the GEG: Tightening of new building standards from 1 January 2023 to EH 55 level, 65% renewable energies for all heating systems, introduction of a solar roof obligation, comprehensive municipal heat planning, improved funding conditions, etc. - building will become more expensive.

      Sustainable practices in the property sector

      Special ESG issue: CSRD, energy efficiency, circular economy, decarbonisation, biodiversity and other topics

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      Holzwürfel mit Glaselementen und Pflanzen außen dran

      Our range of services

      The time of relearning and realisation, the time of the ESG professionals, has begun.

      Our ESG experts in the KPMG Real Estate team are dedicated to this task and will support you in your sustainability initiatives. Here are some examples of our range of services:

      • ESG Strategy

        Understand ESG fields of action, define strategy, gain transparency about the path

      • Decarbonisation

        Bringing properties onto the Paris climate path, securing values, managing portfolios

      • Sustainable Finance

        Entering the world of sustainable investing

      • ESG Reporting

        Orientation to taxonomy, SFDR and CSRD, planning and audit-proof implementation

      • Tax-Transparancy-Reporting
      • ESG Assurance

        Audit of sustainability reports and carbon accounting

      • Climate Risk

        Installing the most important upgrade for risk management in the 2020s

      • ESG Due Diligence

        DD issues in the context of M&A transactions, identification of ESG risks and opportunities

      • ESG Data

        Internal and external ESG data assessment, ESG data integration strategy

      • ESG Governance

        Definition of internal processes and structures to ensure confidence in ESG initiatives and reporting

      The new normal - ESG in real estate

      Background information on reporting obligations and new EU rules for financial products 

      Download now
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