13:12 14 September 2024
Growing Expectations, but Also Opportunities on the New Construction Market
For many organizations, ESG has become an important part of their strategies as their awareness of climate, environmental, and social challenges continues to grow. Regulatory measures and the resultant need for risk assessment to secure financing are undoubtedly catalysts for sustainable change. Looking ahead, the future of the European economy, including commercial real estate, will be shaped by the European Taxonomy, the CSRD, and the EPBD. Experts from global real estate services firm Cushman & Wakefield recommend below what to do and when during a development process to deliver a future-ready project - especially when it comes to operating within a circular economy.
“The Taxonomy sets out several guidelines specifying the minimum requirements that buildings should meet to minimize their environmental impact. It is not easy to meet these criteria today - the market is transitioning towards sustainable construction, thereby creating many challenges. The first challenge is the approach to collecting data for analysis,” Ilona Otoka, ESG Services Manager, Cushman & Wakefield, explained.
(WBJ)
