Ever since the European Union declared sustainability a competitive advantage, the property industry has been in turmoil. Everyone is talking about ESG – or environmental, social and governance. Of course a property being sustainable – because it demonstrably takes environmental, social and governance factors into account during construction, renovations or operation – is nothing new. But it does make you wonder why everything suddenly feels so different and exciting … because a three-letter acronym is doing the rounds. The DGNB has been pointing the way forward in sustainable building for more than 15 years.
Issues surrounding sustainable financing have been edging closer and closer to the building and property industry in recent years. If you’re an investor, or at a big company, the term sustainable finance will meet you at every corner. To dig deeper, experts at the DGNB Annual Congress talked about their everyday experience in this area.
It has been a decade since developers started erecting sustainable buildings. They now account for an increasing share of the property market. Now it’s existing buildings that need to catch up. An important point of leverage in achieving this will be to instil sustainability as a fixed feature of the financial industry. There are reasons to be optimistic, however, thanks to initiatives like the European Green Deal and the increasing use of carbon pricing.