/ The climate change agenda in the European real estate sector
Opinion Column - 05/09/2015
The climate change agenda in the European real estate sector
According to the International Energy Agency (IEA), buildings account for 30% to 40% of total global final energy demand and over 30% of all energy-related CO2 emissions.
However, between 2000 and 2012 global final energy consumption of buildings increased by 1.5% per year, more than twice the 0.7% considered by the IEA as the threshold to limit climate change to a global average rise of 2° by 20251 . Vigeo latest review of the Real Estate sector – concluded in the end of August 2015 and covering 33 listed European real estate companies – shows some encouraging results in terms of integration of the climate change agenda in the long-term strategy of major sector players