As banks navigate the transition to a low-carbon economy, they face a myriad of challenges and opportunities in managing Environmental, Social, and Governance (ESG) risks. The draft guideline issued in January 2024 by the European Banking Authority (EBA) marks the next significant milestone towards a more sustainable and responsible finance sector, aligning
Introduction The Carbon Risk Real Estate Monitor (CRREM) is a widely used and free-of-charge tool providing real estate climate transition pathways. It has updated its decarbonization curve in cooperation with the SBTi. Until now, there were differences between these two widely used transition pathways. The new pathways now require the
The world is changing. With regard to anthropogenic climate change, there are two possible future worlds: We manage to shift our economy so that it operates within the planetary boundaries. We fail to do so and face significant climate change, including all the extreme weather events that can be expected.
Due to its connection with the financial sector as an investment or financing object, the real estate sector is affected by sustainable finance regulations like no other real economic sector. In particular, companies along the value chain of a property, from the project developer to the construction company to asset
