ESG and Real Estate
A practical guide for the entire real estate and investment life cycle
- First book on ESG and the real estate industry
- Best practice examples as well as insights
- Written by an interdisciplinary team of experts
Comprehensive practical handbook explaining current developments in the field of "Environmental Social Governance" and their impact on the real estate industry.
Mehr Produktinformationen| Bestell-Nr.: | E16089APDF |
|---|---|
| ISSN: | |
| ISBN: | 978-3-648-16350-4 |
| Auflage: | 1. Auflage 2022 |
| Umfang: | 585 Seiten |
| Einband: | |
| Produktart: |
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This is the first comprehensive practical handbook on the topic of "Environmental Social Governance" (ESG) and its impact on the real estate industry. The sustainability megatrend is still in its early stages in the real estate sector, and there is a lack of standards, practical examples and data. The development is very dynamic and sometimes confusing, and new, complex, requirements and regulations are constantly being added.
The authors – an expert team of economists, lawyers, investors, asset managers and engineers – provide an overview of national and European regulatory requirements as well as current market developments.
They show what role ESG plays not only in the areas of new construction, renovation and real estate management, but also in investment processes and real estate valuations.
Contents:
- ESG and the real estate market
- ESG and regulatory environment
- ESG and real estate management
- ESG in urban and project development
This is the first comprehensive practical handbook on the topic of "Environmental Social Governance" (ESG) and its impact on the real estate industry. The sustainability megatrend is still in its early stages in the real estate sector, and there is a lack of standards, practical examples and data. The development is very dynamic and sometimes confusing, and new, complex, requirements and regulations are constantly being added.
The authors – an expert team of economists, lawyers, investors, asset managers and engineers – provide an overview of national and European regulatory requirements as well as current market developments.
They show what role ESG plays not only in the areas of new construction, renovation and real estate management, but also in investment processes and real estate valuations.
Contents:
- ESG and the real estate market
- ESG and regulatory environment
- ESG and real estate management
- ESG in urban and project development
This is the first comprehensive practical handbook on the topic of "Environmental Social Governance" (ESG) and its impact on the real estate industry. The sustainability megatrend is still in its early stages in the real estate sector, and there is a lack of standards, practical examples and data. The development is very dynamic and sometimes confusing, and new, complex, requirements and regulations are constantly being added.
The authors – an expert team of economists, lawyers, investors, asset managers and engineers – provide an overview of national and European regulatory requirements as well as current market developments.
They show what role ESG plays not only in the areas of new construction, renovation and real estate management, but also in investment processes and real estate valuations.
Contents:
- ESG and the real estate market
- ESG and regulatory environment
- ESG and real estate management
- ESG in urban and project development
| Bestell-Nr.: | E16089APDF | |
|---|---|---|
| ISSN: | ||
| ISBN: | 978-3-648-16350-4 | |
| Auflage: | Auflage/Version: | 1. Auflage 2022 |
| Umfang: | 585 | |
| Einband: | ||
| Produktart: |
Thomas Veith is a partner at PwC in Frankfurt am Main and leads the Real Assets practice in Germany. He is a Sponsoring Partner for the growth areas of ESG and digitalization.
Christiane Conrads, LL.M., is a lawyer and co-head of the German real estate practice group at PwC Legal and head of the EMEA Real Estate ESG group at PwC.
Dr Florian Hackelberg is Professor of Real Estate Economics and Management at the University of Applied Sciences and Arts in Holzminden.
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
