ESG and Real Estate

Part I ESG and the real estate market

Policy and regulation in the area of tension between shaping the ESG transformation and growing regulatory pressure

• Introduction
• Milestones at international, European and national level
• Increasing importance of sustainability in society: Science and jurisprudence
• Summary and outlook

Market trends and value drivers

• Introduction
• Market-oriented real estate management
• Valuable real estate management
• Outlook

ESG in the international context

• Introduction
• Elements of sustainable investment policy and regulation
• Implementations of ESG regulations in selected countries
• Summary and outlook

Climate risks and benchmarking

• Amazing momentum among the public, governments and investors
• Climate risks
• Benchmarking
• Outlook

Digitization as a prerequisite and instrument of ESG transformation

• Introduction
• State of digitization and increasing pressure to act through politics and regulation .
• Overview of existing initiatives, scoring and ratings to measure sustainability
• Use of new technologies for data management and transparency on the financial market
• The tension between digitalization and legal requirements
• The digital ESG transformation in corporate management

Part II ESG and regulatory environment

Impact of climate change on the real estate industry

• Trend topic climate in the real estate industry: What’s behind it?
• Climate risks and their impact: The double materiality
• Emerging risk and climate scenario analysis
• Generated risk and decarbonization targets
• Example of key figure management for climate risks
• Outlook for climate risk management in the real estate industry

ESG criteria measurement tools and taxonomy 

• General background
• Sustainable building certificates
• Green rating – GRESB
• EU decarbonization pathway – CRREM

Special features of energy law and economics in the context of ESG

• Introduction
• The trends in the energy industry and their impact on real estate
• Conclusion

Impact investing in the real estate industry

• Introduction
• Impact investing in interaction with the UN Sustainable Development Goals (SDGs)Differentiation of sustainable investment forms
• What are impact investments and how are they measured?
• Implementation of impact investments in practice
• Social impact investing as a special form of impact investment
• Conclusion and outlook for real estate impact investments

ESG – tax law requirements and effects

• Tax and ESG – responsible tax policy .
• Real estate and environmental taxes, government subsidies and support programmes with a tax reference

ESG in the context of real estate insurance

• Sustainability in the insurance industry
• Demand for sustainable insurance products in the real estate industry
• Challenges in the design of sustainable property insurance
• Possible sustainable insurance products for the real estate industry
• The property insurance of the future

Part III ESG and real estate management

Practical experience in the development and implementation of sustainability strategies

• Preliminary considerations
• Problem
• Strategy development 
• Strategy implementation
• Closing words – or because it’s just the right thing to do

ESG in asset management

• In the beginning is the vision
• From vision to implementation
• Stakeholder involvement
• Practical implementation
• Vision

ESG due diligence as a value driver for real estate acquisition and portfolio management

• Why ESG due diligence?
• For whom does ESG due diligence make sense?
• At what stage in the transaction process should ESG due diligence be conducted?
• What is analyzed in ESG?
• Opportunities/risks
• Outlook

ESG integration in investment management

• Setting the Scene
• Sustainability assessment in the acquisition process
• Conclusion and outlook

ESG criteria in ESG real estate finance

• Introduction
• Importance of real estate and real estate investments in achieving the climate goals of the EU and Germany
• Sustainable finance and ESG integration
• Sustainable finance strategy at EU level and ESG integration
• Status quo on ESG integration: From voluntary commitment to the goal of uniform classification standards for sustainability
• Selection of existing self-commitment standards on sustainability goals
• German Sustainable Finance Strategy
• Summary and outlook

ESG in real estate valuation

• Introduction
• Valuation basis
• Framework conditions and Real Estate Valuation Ordinance
• Valuation of buildings and outdoor facilities
• ESG in real estate valuation
• Summary

Implementation of ESG criteria in real estate contracts

• Introduction
• General considerations
• Special features of individual contract types
• Recommendations for the design of projects and contract negotiations
• Outlook

Compliance and risk management

• Introduction
• Framework conditions for sustainable compliance .
• Conclusion

Part IV ESG in urban and project development

ESG project development – planning and construction processes

• Introduction
• A classification
• Sustainability: From the introduction of the term until today
• The »Green Deal« as a driving force
• The dovetailing with the project development of new construction and refurbishment
• Certification systems as guides
• Encourage and challenge
• Planning measures
• Conclusion
• ESG and property development – Legal requirements for construction and planning contracts
• Introduction
• Property development – legal classification of contracts
• Construction phases
• Define targets and align with ESG strategy early on
• Sustainability requirements beyond EU taxonomy
• Certification: Contracts with certification body and auditor (DGNB)
• Performance descriptions in construction and planning contracts
• Data preparation and collection
• Contents
• Building Information Modelling (BIM)
• Excursus: Monument protection and § 105 German Building Energy Act (GEG)
• Excursus: Photovoltaics
• Miscellaneous
• Summary and outlook

Sustainable urban development

• Constantin Alexander
• Human settlements
• From forestry into more and more areas of the economy and society
• Long-term and holistic
• Effective and efficient interventions
• Many stakeholders with high diversity
• Many factors for resilience
• Nothing succeeds without positive externalities
• Planning and development intertwine
• Anti-fragile, sustainable systems are good for life – and for business