Sustainable real estate for sustainable funds – the EU action plan on sustainable finance and taxonomy

Overview


The signing of the Paris Agreement on 12 December 2015 and the adoption of the UN 2030 Agenda for Sustainable Development on 25 September 2015 marked a noticeable shift in global attitudes towards climate change and environmental degradation. As a consequence, the European Union will establish a common language for sustainable finance, i.e. an EU sustainability taxonomy. The EU-Commission set up a High-Level Expert Group on sustainable finance. The group was tasked to prepare a comprehensive blueprint for reforms along the entire investment chain. The article covers the current status of the expert groups ideas on sustainability with a focus on real estate. It lays out the difficulties and potential consequences for real estate funds and investors.

Read the full article in  German here.