Decreasing energy consumption (of buildings in particular) is one of the major priorities of energy and climate policy in France following the Paris Agreement in 2015. This decrease considers all activity areas, especially real estate, which accounts for a large share of French carbon emissions (27%). With its first “Low Carbon National Strategy”, France is engaged to reduce GHG emissions by 75% by 2050. Going even further, The City of Paris has committed to reducing carbon emissions by 40% by 2030.
Undeniably, in the context of climate change, all economic sectors are required to adapt. In France, the second edition of the National Plan for Adaptation to Climate Change was released last December, in order to increase societal resilience in reaction to chronic and acute climate change-related hazards. The real estate sector is directly affected by such hazards, and OID takes an active part in the process of applying this adaption.
Regarding existing buildings, the upcoming national news concerning responsible real estate is detailed in the Commercial Real Estate Decree. It sets guidelines regarding real estate actors obligation to reduce energy consumption of commercial buildings. Concerning new developments, the Environmental Regulation 2020 will apply energy and carbon criteria to all new buildings.
We are reaching a tipping point this year in hopes of achieving a low-carbon economy. In order to limit global warming to 2 degrees, we need to ensure a change in global economic direction. In France, ADEME and CDP launched the “Assessing low Carbon Transition (ACT) – Trajectoire 2°” initiative. The real estate industry is also affected by this process, following the Low Carbon National Strategy, which will be published during the first half of 2019.
OID takes part in the progress of responsible finance in France, encouraging institutional investors, listed companies and management companies to be transparent and proactive in the integration of environmental, social and governance stakes in their investment processes. Through the 18 ESG issues presented in the Barometer of Responsible Real Estate, OID assesses the state of advancement of real estate investing companies and brings inputs to the understanding of that nebulous topic.
Participate in the 2017 GRESB Health & Well-being Module
In 2015, our Green Health Partnership research team worked with GRESB and its stakeholders to develop the first GRESB Health & Well-being Module. Last year, 174 real estate entities – 23% of all entities participating in the GRESB Real Estate Assessment – demonstrated market leadership by participating in the inaugural health-focused module. This year, participants […]Read more
Make Your Real Estate Decisions Healthy Decisions
I can give you the statistics: Healthcare in America is more than 17% of the GDP. 20 diseases account for fully half of America’s health care spend, with diabetes, heart disease and hypertension being three of the top five causes. In the midst of the debate going on in the US about how to pay […]Read more
Mental Health: The John O’Halloran Initiative
Rob O’Halloran How the property industry is fighting the stigma of mental illness & promoting positive mental health As part of the GRESB Health and Wellbeing Week, Howard Morgan explains an important new initiative in the UK property industry. Would you tell your boss if you’ve got a sporting injury? You probably would……but would you […]Read more