More than one third of the global energy demand and around 40 percent of CO2 emissions are due to buildings. In Switzerland, 26 percent of greenhouse gas emissions are caused by buildings.
Sustainable building management is key to counteracting climate change. This approach considers the fields of society, the economy and the environment for all functions and processes.
Since 2013, Zurich Invest Ltd has continuously focused on renewable energy sources in all real estate portfolios.
The investment group invests in residential properties. The annual real estate valuation is carried out by the Swiss market leader Wüest Partner. The real estate is well diversified in terms of size, age structure and geographical distribution.
More about the product.
The model calculation is based on the initial situation of 2010, which was calculated using the methodology according to KBOB (Coordination Conference of the Building and Real Estate Bodies of Public Builders). The conversion of the target to the new methodology according to the Greenhouse Gas Protocol will take place at a later date.
Information on the calculation methodology can be found in our methodology section.
Since 2010, we have made a significant contribution to reducing greenhouse gas intensity of the Zurich Investment Foundation's residential portfolio through operational optimisations and energy-efficient renovations and new buildings as well as replacing heating systems.
We have also achieved a reduction in greenhouse gas intensity by switching from fossil to non-fossil energy sources at selected properties.
We strive for labels such as Minergie and SNBS Gold (Swiss sustainable building standard), particularly for complete refurbishments and development projects. This enables us to guarantee the consistently high quality of our construction projects. Among other things, this strategy has a positive effect on the efficiency of the projects and leads to a reduction in greenhouse gas emissions.
The greenhouse gas intensity indicates the emissions from the energy consumption of the building per square metre (in relation to the energy reference area).
The emission factors according to KBOB: Life cycle assessment data in the construction sector are used for the calculation. Further information on the calculation methodology can be found in our methodology section.
For the 2020 greenhouse gas intensity presented, an assurance report from the external auditor is available.
Energy intensity per m2 is calculated on the basis of the energy consumption per property, divided by the energy reference area of the property.
The emission factors according to KBOB: Life cycle assessment data in the construction sector are used for the calculation. Further information on the calculation methodology can be found in our methodology section.
For the 2020 energy intensity shown, an assurance report from the external auditor is available.
| 2020 | 2021 | 2022 | |
|
Gesamtfläche fertige Bauten |
535’124 m2 |
522’019 m2 |
534’988 m2 |
| Massgebliche Fläche (surface déterminante, relevant area) |
431’092 m2 |
415’492 m2 |
436’777 m2 |
| Abdeckungsgrad (degré de couverture, degree of coverage) |
81% |
80% |
82% |
| Anteil Messwerte an der Gesamtfläche fertige Bauten (part des valeurs mesurées par rapport à la surface totale des constructions terminées, share of measured values in the total area of completed buildings) |
79% |
82% |
52% |
| Energieverbrauch (Heizgradtagbereinigt) (consommation d'énergie degrés-jours de chauffage corrigés, energy consumption heating degree day adjusted) |
64’967 MWh |
62’915 MWh |
60’244 MWh |
| Energie-Intensität (intensité énergetique, energy intensity) |
121,4 kWh/m2 EBF |
120,5 kWh/m2 EBF |
112,6 kWh/m2 EBF |
| Energieträger-Mix (mix énergétique, energy source mix) |
|||
| Nicht-fossil (non fossiles, non-fossil) Fossil (fossiles, fossil) |
17,4% 82,6% |
18,3% 81,7% |
14% 86% |
|
TreibhausgasemissionenCO2e |
12’232 t CO2eq |
11’887 t CO2eq |
11’428 t CO2eq |
| Scope 1 Scope 2 |
11’533 t CO2eq 699 t CO2eq |
11’195 t CO2eq 693 t CO2eq |
10’614 t CO2eq 815 t CO2eq |
| Treibhausgasemissionen-Intensität (intensité des émissions de gaz à effet de serre, greenhouse gas emissions intensity) |
22,9 kgCO2eq/m2 EBF |
22,8 kgCO2eq/m2 EBF |
21,4 kgCO2eq/m2 EBF |
Information on the calculation methodology can be found in our methodology section.
The greenhouse gas intensity indicates the emissions from the energy consumption of the building per square metre (in relation to the energy reference area).
Energy intensity per m2 is calculated on the basis of the energy consumption per property, divided by the energy reference area of the property.
According to the Greenhouse Gas Protocol, three emission scopes are defined:
Scope 1
Includes the emissions caused by the property itself. For example, heating oil or natural gas.
Scope 2
Includes the upstream emissions that are led to the property. For example, district heating or general electricity.
Scope 3
Can include various upstream and downstream emissions such as tenant electricity.
The data quality of the consumption figures was further improved.
The following measures are particularly responsible for the improvement in the 2023 assessment:
Carrying out a tenant survey for the first time, with the aim of understanding tenant needs more thoroughly and developing future initiatives in the rental environment.
Continual certification of properties for renovation and replacement constructions to ensure sustainability and quality targets are met throughout the entire planning and construction process.
Expanding data collection for determining waste volumes.
We expect further improvements in valuation in the future:
In the medium and long term, we will steadily improve our GRESB rating by replacing energy sources, having properties certified and supervising tenants more intensively.
The assessment period refers to 01.01.22 - 31.12.22. The results are published in the fourth quarter of the following year.
| Assessment area | Max. | 2020* | 2021* |
2022 | 2023 |
| Environment |
62 | 25 | 32 |
39 | 47 |
| Social | 18 | 14 | 16 |
16 | 18 |
| Governance | 20 | 17 | 16 |
19 | 19 |
| Total | 100 | 56 | 64 | 74 | 84 |
| Assessment area | Max. | 2020* | 2021* |
2022 | 2023 |
| Management |
30 | 27 | 26 |
30 | 29 |
| Performance | 70 | 28 | 37 |
45 | 55 |
| Total | 100 | 55 | 64 |
74 | 84 |
*For the years 2020 and 2021, the residential and commercial portfolios were valued together.
From the valuation year 2022 on, the portfolios are valued separately.
The Global Real Estate Sustainability Benchmark is a real-estate-specific, global sustainability platform that reviews and compares the ESG (environmental, social, governance) performance of real estate vehicles every year.
7 areas are assessed:
GRESB is the leading rating system for measuring the sustainability performance of real estate funds. Unlike other rating systems, GRESB checks the sustainability performance of the individual real estate, which is then aggregated at the portfolio level.
GRESB makes it possible to assess ESG performance in comparison to other real estate funds and companies with similar conditions, and to assess where sustainability performance can be improved.
In December 2023, the Swiss Pension Fund Association ASIP published an ESG reporting standard for Swiss pension funds.
Zurich Invest Ltd and Zurich investment foundation follow this standard and publish the key figures of their funds and investment groups in accordance with the ASIP standard.
Here you will find the ASIP-ESG key figures for «ZAST Real Estate Residential Switzerland».
The investment group invests primarily in commercial properties. The annual real estate valuation is carried out by the Swiss market leader Wüest Partner. The real estate is diversified in terms of size, age structure and geographical distribution.
More about the product.
The model calculation is based on the initial situation of 2010, which was calculated using the methodology according to KBOB (Coordination Conference of the Building and Real Estate Bodies of Public Builders). The conversion of the target to the new methodology according to the Greenhouse Gas Protocol will take place at a later date.
Information on the calculation methodology can be found in our methodology section.
Since 2010, we have made a significant contribution to reducing greenhouse gas intensity of the Zurich Investment Foundation's commercial portfolio through operational optimisations and energy-efficient renovations and new buildings as well as replacing heating systems.
We have also achieved a reduction in greenhouse gas intensity by switching from fossil to non-fossil energy sources at selected properties.
The greenhouse gas intensity indicates the emissions from the energy consumption of the building per square metre (in relation to the energy reference area).
The emission factors according to KBOB: Life cycle assessment data in the construction sector are used for the calculation. Further information on the calculation methodology can be found in our methodology section.
For the 2020 greenhouse gas intensity presented, an assurance report from the external auditor is available.
Energy intensity per m2 is calculated on the basis of the energy consumption per property, divided by the energy reference area of the property.
The emission factors according to KBOB: Life cycle assessment data in the construction sector are used for the calculation. Further information on the calculation methodology can be found in our methodology section.
For the 2020 energy intensity shown, an assurance report from the external auditor is available.
| 2020 | 2021 | 2022 | |
|
Gesamtfläche fertige Bauten |
179’219 m2 |
176’535 m2 |
155’027 m2 |
| Massgebliche Fläche (surface déterminante, relevant area) |
155’542 m2 |
131’880 m2 |
113’650 m2 |
| Abdeckungsgrad (degré de couverture, degree of coverage) |
87% |
75% |
73% |
| Anteil Messwerte an der Gesamtfläche fertige Bauten (part des valeurs mesurées par rapport à la surface totale des constructions terminées, share of measured values in the total area of completed buildings) |
84% |
74% |
54% |
| Energieverbrauch (Heizgradtagbereinigt) (consommation d'énergie degrés-jours de chauffage corrigés, energy consumption heating degree day adjusted) |
14’803 MWh |
13’995 MWh |
11’990 MWh |
| Energie-Intensität (intensité énergetique, energy intensity) |
82,6 kWh/m2 EBF |
79,3 kWh/m2 EBF |
77,3 kWh/m2 EBF |
| Energieträger-Mix (mix énergétique, energy source mix) |
|||
| Nicht-fossil (non fossiles, non-fossil) Fossil (fossiles, fossil) |
31,4% 68,6% |
29,2% 70,8% |
30% 70% |
|
TreibhausgasemissionenCO2e |
2’256 t CO2eq |
2’197 t CO2eq |
1’679 t CO2eq |
| Scope 1 Scope 2 |
2’033 t CO2eq 223 t CO2eq |
2’007 t CO2eq 190 t CO2eq |
1’335 t CO2eq 344 t CO2eq |
| Treibhausgasemissionen-Intensität (intensité des émissions de gaz à effet de serre, greenhouse gas emissions intensity) |
12,6 kg CO2eq/m2 EBF |
12,4 kg CO2eq/m2 EBF |
10,8 kg CO2eq/m2 EBF |
Information on the calculation methodology can be found in our methodology section.
The greenhouse gas intensity indicates the emissions from the energy consumption of the building per square metre (in relation to the energy reference area).
Energy intensity per m2 is calculated on the basis of the energy consumption per property, divided by the energy reference area of the property.
According to the Greenhouse Gas Protocol, three emission scopes are defined:
Scope 1
Includes the emissions caused by the property itself. For example, heating oil or natural gas.
Scope 2
Includes the upstream emissions that are led to the property. For example, district heating or general electricity.
Scope 3
Can include various upstream and downstream emissions such as tenant electricity.
The data quality of the consumption figures was further improved.
The following measures are particularly responsible for the improvement in the 2023 assessment:
Carrying out a tenant survey for the first time, with the aim of understanding tenant needs more thoroughly and developing future initiatives in the rental environment.
Continual certification of properties for renovation and replacement constructions to ensure sustainability and quality targets are met throughout the entire planning and construction process.
Expanding data collection for determining waste volumes.
We expect further improvements in valuation in the future:
In the medium and long term, we will steadily improve our GRESB rating by replacing energy sources, having properties certified and supervising tenants more intensively.
The assessment period refers to 01.01.22 - 31.12.22. The results are published in the fourth quarter of the following year.
| Assessment area | Max. | 2020* | 2021* |
2022 | 2023 |
| Environment |
62 | 25 | 32 |
34 | 43 |
| Social | 18 | 14 | 16 |
16 | 18 |
| Governance | 20 | 17 | 16 |
19 | 19 |
| Total | 100 | 56 | 64 | 69 | 80 |
| Assessment area | Max. | 2020* | 2021* |
2022 | 2023 |
| Management |
30 | 27 | 26 |
30 | 29 |
| Performance | 70 | 28 | 37 |
40 | 51 |
| Total | 100 | 55 | 64 |
69 | 80 |
*For the years 2020 and 2021, the residential and commercial portfolios were valued together.
From the valuation year 2022 on, the portfolios are valued separately.
The Global Real Estate Sustainability Benchmark is a real-estate-specific, global sustainability platform that reviews and compares the ESG (environmental, social, governance) performance of real estate vehicles every year.
7 areas are assessed:
GRESB is the leading rating system for measuring the sustainability performance of real estate funds. Unlike other rating systems, GRESB checks the sustainability performance of the individual real estate, which is then aggregated at the portfolio level.
GRESB makes it possible to assess ESG performance in comparison to other real estate funds and companies with similar conditions, and to assess where sustainability performance can be improved.
In December 2023, the Swiss Pension Fund Association ASIP published an ESG reporting standard for Swiss pension funds.
Zurich Invest Ltd and Zurich investment foundation follow this standard and publish the key figures of their funds and investment groups in accordance with the ASIP standard.
Here you will find the ASIP-ESG key figures for «ZAST Real Estate Commercial Switzerland».
The fund invests in real estate throughout Switzerland and has broad regional diversification. Most of the portfolio objects are located in major Swiss cities or their agglomerations. The strategy focuses on existing real estate objects in residential use, as well as some projects. The fund pursues a sustainable growth strategy and holds the properties directly.
More about the product.
The model calculation is based on the initial situation of 2020, which was calculated using the methodology according to KBOB (Coordination Conference of the Building and Real Estate Bodies of Public Builders). The conversion of the target to the new methodology according to the Greenhouse Gas Protocol will take place at a later date.
Information on the calculation methodology can be found in our methodology section.
Since 2010, we have made a significant contribution to reducing greenhouse gas intensity through operational optimisations and energy-efficient renovations and new buildings as well as replacing heating systems.
We have also achieved a reduction in greenhouse gas intensity by switching from fossil to non-fossil energy sources at selected properties.
We strive for labels such as Minergie and SNBS Gold (Swiss sustainable building standard), particularly for complete refurbishments and development projects. This enables us to guarantee the consistently high quality of our construction projects. Among other things, this strategy has a positive effect on the efficiency of the projects and leads to a reduction in greenhouse gas emissions.
The greenhouse gas intensity indicates the emissions from the energy consumption of the building per square metre (in relation to the energy reference area).
The emission factors according to KBOB: Life cycle assessment data in the construction sector are used for the calculation. Further information on the calculation methodology can be found in our methodology section.
For the 2020 greenhouse gas intensity presented, an assurance report from the external auditor is available.
Energy intensity per m2 is calculated on the basis of the energy consumption per property, divided by the energy reference area of the property.
The emission factors according to KBOB: Life cycle assessment data in the construction sector are used for the calculation. Further information on the calculation methodology can be found in our methodology section.
For the 2020 energy intensity shown, an assurance report from the external auditor is available.
| 2020 | 2021 | 2022 | |
|
Gesamtfläche fertige Bauten |
291’470 m2 |
289’289 m2 |
284’269 m2 |
| Massgebliche Fläche (surface déterminante, relevant area) |
271’732 m2 |
265’389 m2 |
247’165 m2 |
| Abdeckungsgrad (degré de couverture, degree of coverage) |
93% |
92% |
87% |
| Anteil Messwerte an der Gesamtfläche fertige Bauten (part des valeurs mesurées par rapport à la surface totale des constructions terminées, share of measured values in the total area of completed buildings) |
68% |
90% |
66% |
| Energieverbrauch (Heizgradtagbereinigt) (consommation d'énergie degrés-jours de chauffage corrigés, energy consumption heating degree day adjusted) |
37’955 MWh |
37’810 MWh |
37’175 MWh |
| Energie-Intensität (intensité énergetique, energy intensity) |
130,2 kWh/m2 EBF |
130,7 kWh/m2 EBF |
130,8 kWh/m2 EBF |
| Energieträger-Mix (mix énergétique, energy source mix) |
|||
| Nicht-fossil (non fossiles, non-fossil) Fossil (fossiles, fossil) |
18% 82% |
20,3% 79,7% |
13% 87% |
|
TreibhausgasemissionenCO2e |
7’022 t CO2eq |
6’965 t CO2eq |
6’805 t CO2eq |
| Scope 1 Scope 2 |
6’596 t CO2eq 425 t CO2eq |
6’469 t CO2eq 496 t CO2eq |
6’334 t CO2eq 471 t CO2eq |
| Treibhausgasemissionen-Intensität (intensité des émissions de gaz à effet de serre, greenhouse gas emissions intensity) |
24,1 kg CO2eq/m2 EBF |
24,1 kg CO2eq/m2 EBF |
23,9 kg CO2eq/m2 EBF |
Information on the calculation methodology can be found in our methodology section.
The greenhouse gas intensity indicates the emissions from the energy consumption of the building per square metre (in relation to the energy reference area).
Energy intensity per m2 is calculated on the basis of the energy consumption per property, divided by the energy reference area of the property.
According to the Greenhouse Gas Protocol, three emission scopes are defined:
Scope 1
Includes the emissions caused by the property itself. For example, heating oil or natural gas.
Scope 2
Includes the upstream emissions that are led to the property. For example, district heating or general electricity.
Scope 3
Can include various upstream and downstream emissions such as tenant electricity.
The data quality of the consumption figures was further improved.
The following measures are particularly responsible for the improvement in the 2023 assessment:
Carrying out a tenant survey for the first time, with the aim of understanding tenant needs more thoroughly and developing future initiatives in the rental environment.
Continual certification of properties for renovation and replacement constructions to ensure sustainability and quality targets are met throughout the entire planning and construction process.
Expanding data collection for determining waste volumes.
We expect further improvements in valuation in the future:
The assessment period refers to 01.07.21 - 30.06.22. The results are published in the fourth quarter of the following year.
| Assessment area | Max. | 2021* |
2022 | 2023 |
| Environment |
62 | 30 |
39 | 45 |
| Social | 18 | 16 |
16 | 18 |
| Governance | 20 | 16 |
19 | 19 |
| Total | 100 | 62 | 74 | 82 |
| Assessment area | Max. | 2021* |
2022 | 2023 |
| Management |
30 | 26 |
30 | 29 |
| Performance | 70 | 35 |
44 | 53 |
| Total | 100 | 62 |
74 | 82 |
*Due to the three-year build-up phase of ZIF Real Estate Direct Switzerland a sub-portfolio of 43 properties could be valued for the first time in the base year 2021. In 2022, the complete portfolio was valued.
The Global Real Estate Sustainability Benchmark is a real-estate-specific, global sustainability platform that reviews and compares the ESG (environmental, social, governance) performance of real estate vehicles every year.
7 areas are assessed:
GRESB is the leading rating system for measuring the sustainability performance of real estate funds. Unlike other rating systems, GRESB checks the sustainability performance of the individual real estate, which is then aggregated at the portfolio level.
GRESB makes it possible to assess ESG performance in comparison to other real estate funds and companies with similar conditions, and to assess where sustainability performance can be improved.
In December 2023, the Swiss Pension Fund Association ASIP published an ESG reporting standard for Swiss pension funds.
Zurich Invest Ltd and Zurich investment foundation follow this standard and publish the key figures of their funds and investment groups in accordance with the ASIP standard.
Here you will find the ASIP-ESG key figures for «ZIF Real Estate Direct Switzerland».
