Real Estate Europe

Energy-efficient real estate

Which aspects are important to us with regard to European real estate?

Our partner Schroders – the asset manager of the investment group «Real Estate Europe Direct» – integrates economic, ecological and social aspects (ESG) throughout the life cycle of a real estate investment. Attention is paid especially to the reduction of the carbon footprint both in existing real estate and in new buildings. Active management of the energy consumption and of the greenhouse gas emissions has a positive impact on the sustainability balance of a building.

Energy-efficient real estate means lower operating costs, which the tenants benefit from as well. Measures to reduce energy consumption are instrumental in retaining existing tenants or concluding new leases. On a quarterly basis, the investment group «Real Estate Europe Direct» monitors the energy consumption and the energy efficiency of the real estate underlying the fund – though the operational responsibility for each individual property remains with the landlord.


Energy consumption reduction targets

For example, the country-specific energy targets pursued in the investment group «Real Estate Europe Direct» are as follows:

Germany: Reduction by 3 percent by 2020/2021**
Finland/Sweden: Reduction by 7.5 percent by 2020/2021**
United Kingdom: Reduction by 18 percent by 2020/2021*

*Reference year 2015/2016)
**Reference year 2017/2018

What was achieved in 2020?

In «Real Estate Europe Direct», the energy procured by the landlord was reduced by 6 percent*. This means a reduction of the scope-1 and scope-2 greenhouse gas emissions according to the Greenhouse Gas Protocol by 12 percent*.

Here you can find the full sustainability report.

*on a like-for-like basis

Greenhouse Gas Protocol

The Greenhouse Gas Protocol defines the principles for recording greenhouse gas emissions. The emissions are divided into scopes.

  • Scope 1 comprises all emissions that directly result from combustion (fuel combustion).
  • Scope 2 covers the emissions resulting from purchased energy (power, district heat).
  • Scope 3 comprises the emissions caused by operating materials and services purchased from third parties (consumption, waste disposal, transportation, investments).

Examples of projects we have rolled out

Office building, Berlin

• LED lighting
• Optimized building automation
• Installation of smart meters
• Use of district heat/green power

Office building, Copenhagen

• «BREEAM In-Use» certification of two buildings
• Use of «Green Leases»
• Flat-roof PV system

City Tower, Manchester

• Office, hotel, retail
• Energy audit and strategy 
• Improved waste disposal contracts 
• «BREEAM In-Use» certification