Sustainability in the Industry

Real Estate Industry

Impacts, Risks and Opportunities

Sustainability in Real Estate Industry

Property developers and project developers, property management companies and real estate companies determine the sustainability of a building from the initial planning through the life cycle for decades. The industry faces complex challenges if it wants to ensure attractive investments, affordable rents and more climate protection.

Property developers can develop into central drivers of the construction transition – with planning geared towards transformation and the long term and high-quality implementation that takes costs and sustainability aspects over the life cycle into account. More and more photovoltaic systems and green spaces are being installed on roofs, entire city districts are being planned using wooden construction and are supplied in a climate-neutral manner via heating networks. The circular economy offers opportunities with the planning and digital inventory of building materials for reuse, the extension of life cycles, the revitalization of valuable building fabric, serial construction, the reuse of industrial and commercial brownfields and densification instead of building on “greenfield sites”. It is always important to create affordable living space and use neighborhood approaches to promote climate-friendly, networked mobility and lively neighborhoods.
The modernization of existing buildings and the construction of new non-residential buildings as carbon sinks and as climate-positive energy producers offer great potential for climate protection. Transformation succeeds by maximizing the decentralized generation of renewable energies for electricity and heat while minimizing the overall energy requirement. Ultimately, it is also important to make the business and participation models of property developers and project developers sustainable – e.g. by involving tenants in building assets via innovative rent-purchase hybrid concepts and cooperative models.

The industry includes, for example, project developers and property developers as well as real estate service providers for neighborhoods and residential and non-residential buildings, including the development of land. It includes planning, development, purchase, sale, rental, leasing, brokerage and management of land, buildings and apartments.

Industry Materiality

Key Fields in the Industry 

Sustainability is different by industry. Learn key material transformations fields in Real Estate Industry.

Climate

Resources

Society

 

You can find more details on the fields and criteria for Real Estate Industry with score4more explore.

 

EU NACE Classification 

Industry NACE Classes

Unsure if the industry is the right one? A comparison with the EU’s granular NACE classification Rev. 2.1 provides clarity.

Included NACE classes in the industry

M 68.1 Real estate activities with own property and development of building projects
M 68.11 Buying and selling of own real estate
M 68.12 Development of building projects
M 68.2 Rental and operating of own or leased real estate
M 68.20 Rental and operating of own or leased real estate
M 68.3 Real estate activities on a fee or contract basis
M 68.31 Intermediation service activities for real estate activities
M 68.32 Other real estate activities on a fee or contract basis

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