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ESG PRODUCTS FOR SHOPPING CENTERS
THE RIGHT SOLUTION FOR EVERY REQUIREMENT
Investors are pursuing various ESG strategies on their way to achieving net zero. Accordingly, instead of offering everyone a single solution, ECE provides support with a range of different products, including the following:
ECE map2zero is a climate transition plan for the retail real estate sector. Together with the investor, a step-by-step plan is devised that is individually tailored to the investor’s ESG targets and aimed at reducing greenhouse gas emissions toward net zero. The maintenance strategy costs that would have been incurred anyway are taken into account here. ECE map2zero can serve as an important catalyst for the decarbonization of individual properties or entire portfolios, helping portfolio holders to achieve their sustainable transformation. The transition plan fully meets the requirements of the banks and the CSRD. In addition to a comprehensive report on the property’s condition in terms of energy efficiency, ECE map2zero contains a catalog of the most efficient measures on the way to net zero – including a pricing model and a practicable timetable for the owners’ investment strategy. Targets, measures, and carbon reductions are determined on a scientific basis.
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CLIMATE TRANSITION PLANS HAVE ALREADY BEEN COMPLETED
Taxonomie Check
The taxonomy check involves systematically assessing a center to establish its classification according to the EU taxonomy and, if this is appropriate and has not yet been done, carrying out a climate risk analysis. The results are submitted to the DGNB and reviewed. The DGNB’s quality seal then features an external declaration of conformity by an independent and recognized surveyor.
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TAXONOMY CHECKS AND TWO DGNB TAXONOMY VERIFICATION PROCESSES HAVE ALREADY BEEN CONDUCTED
Climate Risk Analysis
ECE produces an overview of the physical impact of climate change on a center, including recommendations for risk mitigation. Swiss Re’s natural disaster models are used as the basis for the assessment. The future risk is quantified on the basis of 12 climate risk scores for three climate change scenarios.
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CENTERS HAVE ALREADY CONDUCTED A CLIMATE RISK ANALYSIS
Funding Management
On request, ECE can help investors to analyze funding potential and submit a subsequent application for funding to help meet the cost of the energy-efficient renovation of their retail properties or individual energy-saving measures.
€ 3.4 million
IN FUNDING SECURED SO FAR
A sound ESG analysis of the shopping center is carried out on the basis of more than 50 KPIs. An ECE team will then work with the investor in a joint workshop to devise the ECE guide2ESG, identifying goals and measures that are precisely tailored to the owner’s ESG strategy and taking into account the individual targets for certifications, GRESB reporting, and/or CSRD reporting.
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CENTERS HAVE ALREADY UNDERGONE AN ESG ANALYSIS
ESG@ECE MARKETPLACES
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