• Twitter
  • Linkedin
  • Instagram
  • Youtube
+44 (0)20 3326 7333
EVORA Deutschland
EVORA Italia
EVORA Global
  • Home
  • About Us
    • About Us
    • Our Team
    • Work for EVORA
    • Clients and Partnerships
    • EVORA Giving
  • Our Services
    • ESG Strategy
    • Climate Resilience
    • Data Intelligence
    • Smart Buildings
    • Reporting
    • Infrastructure
  • SIERA Software
    • SIERA
    • SIERA+
  • Training Webinars
  • Resources
    • Case Studies
    • Brochures, Guides and Reports
    • Events and Webinars
    • Videos
  • Insights
  • Contact Us
  • Search
  • Menu

Fourth Consecutive Year Sector Leader Status for Hines in the 2020 GRESB Real Estate Survey

December 16, 2020/in News & Views /by EVORA

EVORA Global is incredibly proud to have supported Hines pan European Core Fund (HECF) in achieving GRESB European Diversified Fund Sector Leader for an unprecedented fourth year in a row.

GRESB, one of the leading ESG benchmarks for real estate and infrastructure investments across the world, has named HECF one of the “best of the best” in sustainability leadership across the real estate sector.

Achievements this year include 100% Sustainability Certificate coverage across the portfolio, as well as a 15.7% reduction in landlord-controlled energy use and a 23.8% reduction in landlord-controlled greenhouse gas emissions since 2016, for like-for-like assets. The Fund also ensured that at all landlord-controlled electricity supplies were either transferred to 100% renewable energy sources, or scheduled to transfer as early as possible in 2020.

HECF also ranked first out of all global 412 GRESB participants which participated in the optional Resilience module, demonstrating the portfolio’s ability to future-proof the value of its assets over time.

This is an incredible achievement and highlights Hines commitment to ESG. Congratulations to everyone involved!

“We are once again delighted on behalf of our client for these numerous excellent outcomes. It is great to have both Hines’ and EVORA’s hard work validated in this way. It’s a strong partnership that clearly brings great things out of one another. And now we must turn our attention to next year and beyond because – of course – there is still plenty more progress to make within ESG!”

Oli Pye, Director EVORA

“I wanted to take a moment to thank the EVORA team for all of the hard work, diligence and creativity throughout the year to deliver these outstanding GRESB results. As the impact of climate change accelerates, so should our ESG efforts, and I am happy to say that as a team we have been able to keep our eye on the ball and prepare the HECF portfolio in order to stay one step ahead.  I look forward to continuing to sharpen our pencils as we move forward.”

Daniel Chang, Managing Director, Hines
https://evoraglobal.com/wp-content/uploads/2020/12/jakob-owens-205638-scaled.jpg 1000 1500 EVORA https://evoraglobal.com/wp-content/uploads/2017/06/EVORA-logo-for-small-applications-WHITE-300x172.png EVORA2020-12-16 16:14:112020-12-16 16:14:12Fourth Consecutive Year Sector Leader Status for Hines in the 2020 GRESB Real Estate Survey

It is less than a month until the introduction of CO2 pricing in the German building sector – are property owners and tenants prepared?

December 15, 2020/in News & Views /by Meike Borchers

On January 1, 2021, the CO2 price will be introduced in the German heating market. It will start at EUR 25/t and then rise in a predictable manner to EUR 65 by 2026, before the price is freely determined via emissions trading from 2027.  Most estimates predict that they will then quickly reach triple digits.

In 2019, when the then German ‘Klimakabinett’ made its decisions it was still seen as one of the key drivers for achieving Germany’s CO2 reduction targets. Today, there is little sign of that. The price is considered too low to have a strong steering effect. The governing coalition is also divided on the question of who should carry the costs: is it the tenants, the landlords, or both? If no cap is introduced, and it does not look like it will, landlords will initially be allowed to pass on the full CO2 price to tenants as part of their normal heating costs. In this scenario the energy supplier would simply add the CO2 price to the energy bill and currently doesn’t even have to declare it separately.

Have you already talked to your key tenants about what the CO2 price will cost them in the next few years and how these added costs can be reduced? Have you analysed the impact that this levy could have on the value development of your assets?

Let’s talk about it. For 10 years, EVORA has been successfully helping clients with understanding climate policy risks and opportunities and with positioning themselves strategically, making their funds or individual assets productive, profitable, and resilient to change. Now also in Germany.

https://evoraglobal.com/wp-content/uploads/2020/12/dmitri-popov-286502-scaled.jpg 1000 1500 Meike Borchers https://evoraglobal.com/wp-content/uploads/2017/06/EVORA-logo-for-small-applications-WHITE-300x172.png Meike Borchers2020-12-15 16:48:312020-12-15 16:48:36It is less than a month until the introduction of CO2 pricing in the German building sector - are property owners and tenants prepared?

How can ESG help deliver better infrastructure?

December 10, 2020/in News & Views, Sustainability /by Natalie Sinha

Infrastructure is vital for living comfortable, convenient modern lives.  Every day, infrastructure systems are working beneath the ground, on the land, and above our heads. Each morning, when you turn on the tap, power up your computer, or step outside to travel to work, you are interacting with infrastructure.  Infrastructure has a life of its own and without it our modern lives would be very different.

Infrastructure is a huge area of investment globally which attracts both government and private sector funding. Due to its size and complexity, it often requires a complex mix of investment strategies including debt, equity and bonds.  Infrastructure assets, alongside real estate, are categorised as real asset investments and therefore they share similar Environmental, Social and Governance (ESG) risks and opportunities.  However, the scale and complexity of infrastructure assets can create some unique challenges.

The United Nations predicts that population growth will continue, reaching 9.7billion people on the planet by 2050. Much of this population growth will be in urban areas, and infrastructure provisions will need to grow alongside the population. As a result of the continued and growing demand for infrastructure provisions, infrastructure assets have significant potential to positively affect the environment and society. These assets will also play a role in creating a successful and resilient response to the challenges of a changing climate, as well as being affected by climate change themselves.

Due to the pivotal role infrastructure assets hold in meeting current and future demand, and their centrality in addressing climate change, they have varied and wide ranging stakeholder interest groups with high levels of expectation when it comes to ESG delivery.  For this reason, EVORA are seeing many investors coalesce and gravitate toward the United Nations Sustainable Development Goals (UN SDGs) as a suitable framework that addresses stakeholders concerns and which they know and understand.  Increasingly, there is a growing expectation that implementing effective ESG strategies aligned to the UN SDG’S which address the associated risks and opportunities and link actions to outcomes is becoming the minimum requirement.

This year, the Covid-19 pandemic has profoundly impacted the global economy, causing many to take stock, reflect and consider the future of society. We face dual crises: responding to the pandemic and addressing and responding to environmental and social challenges, including climate change. In a post-Covid world, infrastructure can be central to addressing these multiple challenges. This has been solidified by both the UK Government and the new US administration pledging to place investment in infrastructure at the heart of their ‘build back better’ programs. 

So why look at infrastructure now? Firstly, investment in infrastructure development is urgently needed to replace aging and poorly performing assets with assets fit for the 21st century that positively address the climate crisis.  Secondly, infrastructure assets are fundamentally about investing in future generations but also, crucially, provide much needed jobs today, thereby providing an excellent way to rebuild and diversify regional and national economies.  With these factors in mind, having robust ESG management becomes essential in managing outcomes as well as demonstrating effective use of funding vehicles.

In the recent Aviva Real Assets Study 2020 [1], in which global institutions were asked about their views on ESG post-COVID, the overwhelming response showed ESG as front and centre for investors’ concerns. 81% of respondents stated that ESG objectives and delivering on sustainability is a primary duty of their organisations.  Furthermore, 91% of global insurance and pension fund investors are now committed to delivering Net Zero.  As a result, infrastructure assets in all its various classes and forms are the foundation for how the Net Zero commitment will be realised.  The Aviva survey also indicates that ESG has evolved in its sophistication and needs to be considered as a balanced a score card between the ‘E’ and ‘S’ and not simply about environmental risk management that has been the focus in the past.

So how can the ESG and sustainability agenda be delivered in practice?  There are a variety of excellent reporting frameworks, such as GRESB and the UN Principles for Responsible Investment (PRI), for investors to work within which provide globally recognised frameworks which set a baseline for benchmarking performance.  Launched in 2016, GRESB Infrastructure continues to grow in popularity, with over 426 assets totalling $579billion assets under management participating in 2020.  As the scheme evolves, greater focus is given to performance outcomes rather than just good intentions.  Now more than ever, it is imperative for investors to analyse, understand and seek ways to optimise ESG performance in their investments. Reporting is a great place to start.

We have been working with closely with investors over the past decade to deliver best-in-class ESG practices, helping them strive to constantly do better by setting ever more ambitious targets to improve ESG performance. EVORA can help you understand and optimise your infrastructure ESG approach. If you are interested in finding out more, contact the team at infrastructure@evoraglobal.com.


[1] https://www.avivainvestors.com/en-gb/capabilities/real-assets/real-assets-studies/real-assets-study-2020/

https://evoraglobal.com/wp-content/uploads/2020/12/brent-de-ranter-VNQl_4OmZJw-unsplash-scaled.jpg 1000 1500 Natalie Sinha https://evoraglobal.com/wp-content/uploads/2017/06/EVORA-logo-for-small-applications-WHITE-300x172.png Natalie Sinha2020-12-10 10:34:332020-12-10 13:11:06How can ESG help deliver better infrastructure?

EVORA Global is delighted to announce that Meike Borchers has joined as Head of Germany and the wider DACH region.

December 1, 2020/in News & Views /by EVORA

Meike joins EVORA at a hugely significant time as we continue with our international growth strategy, having recently opened offices in Frankfurt, Milan and India. This is another landmark appointment for EVORA and further underpins capabilities as we develop both depth of expertise and geographies for the real estate investment market. Meike brings with her a wealth of expertise, having spent a number of years in the US, UK and most recently in Germany.  She has a strong technical background, which is critical for our end-to-end service offerings, and is an expert in building assessment and certification. As such she embodies EVORA’s holistic approach to long term value.

Meike will be responsible for introducing the EVORA suite of  ESG services to the real estate sector in Germany and the wider DACH region, with a particular understanding and focus on the specific national and regional aspects as well client expectations.

The timing of the entry into the German market couldn’t be better; it coincides with the introduction of a number of game-changing developments in the real estate sector such as the adoption of the Taxonomy Regulation by the European Commission, the development of the EU’s Green Deal components and most recently the European commitment to speed up effort and to cut greenhouse gas emissions by at least 55% by 2030 while still targeting climate neutrality by 2050.

‘Having worked in sustainable real estate consulting for over a decade, it seems to me that the time is finally ripe for big meaningful steps to a low carbon future and a sustainable and healthy built environment. Shaping this future takes a range of technical and economic expertise paired with passion and innovative tools which I am very happy to have found with the EVORA team. Auf geht’s!’   

Meike Borchers. Head of Germany

Also joining the German team is Melf Asmussen who will be leading our technical services and certifications work. While EVORA has deep expertise in ESG Strategies and GRESB reporting, the ability to drive these policies into the buildings themselves is a critical element in our approach.  Melf has a Masters in Energy and Environmental Management as is perfectly placed to lead our technical teams in the DACH region.

“We are delighted to welcome Meike and Melf to the EVORA family at such a critical time for our market and the wider investment community. Public perception, investor expectations and regulatory disclosure requirements are combining to create a time of unprecedented change and the formal opening of our office in Germany allows us to support our existing and new German clients more fully in their transition to a low carbon economy. Only 10 years to meet a 60% reduction in emissions!”

Philippa Gill , Director – Europe
https://evoraglobal.com/wp-content/uploads/2020/11/WiredScore-Header-3.png 196 600 EVORA https://evoraglobal.com/wp-content/uploads/2017/06/EVORA-logo-for-small-applications-WHITE-300x172.png EVORA2020-12-01 10:24:112020-12-01 10:24:13EVORA Global is delighted to announce that Meike Borchers has joined as Head of Germany and the wider DACH region.

Pages

  • About Us
  • Adina Munteanu
  • Adrian Rimmer
  • Air Conditioning Inspections
  • Alberto Ballardini
  • Alex Graham
  • Alexandra Segall
  • Alexandru Malainic
  • Alice Buckby
  • Alice Green
  • Aoife Busher
  • Asset Performance Management
  • Associate Director Sustainability Consultant
  • Ayosha Orth
  • Azeem Janjua
  • BIM:SAM Brochure
  • BREEAM
  • Brochures, Guides and Reports
  • Building Log Books
  • Building Physics
  • Building Services Specifications
  • Building Services Technical Manager (TSM)
  • Cameron Little
  • Charlotte Lacey
  • Chris Bennett
  • Chris Burgess
  • Claudia D’Almo
  • Client Successes
  • Clients and Partnerships
  • Climate Resilience
  • Company Brochure
  • Contact Us
  • Cookies
  • CRC Energy Efficiency Scheme
  • Dan Dorey
  • Data Intelligence
  • Data Management
  • Data Management Solutions
  • David Leonard
  • Dilapidations
  • Dru Morton
  • Ed Gabbitas
  • Ed Lock
  • Edward Pugh
  • Eleanor Hughes
  • Emily Day
  • Emma Leach
  • Emma Wise
  • Energy Audits
  • Energy Consultant
  • Energy Management System ISO 50001
  • Energy Savings Opportunity Scheme (ESOS)
  • Energy Strategies
  • ESG Strategy
  • ESG Strategy, Reporting & Risk Management
  • Events and Webinars
  • EVORA Breakfast event: Meeting the Climate Challenge
  • EVORA Giving
  • EVORA Global Climate Resilience Campaign
  • EVORA Training Webinars
  • EVORA Training Webinars
  • EVORA Training Webinars Sept
  • EVORA Workshop: Health and Wellbeing and Resilience
  • Gaynor Williams
  • George Patrick
  • Glenda Rivetti
  • GRESB 2018/19 eBook
  • GRESB 2019 wrap-up drinks: Come and celebrate your GRESB Independence Day!
  • GRESB eBook
  • Hannah Worthington
  • Hattie Houghton
  • Health & Wellbeing
  • Health & Wellbeing Consultant
  • Heat Networks
  • Helen Jost
  • Home
  • How to overcome GRESB challenges and achieve your best score
  • IMPACT Modelling
  • Indoor Air Quality Performance Auditing
  • Infrastructure
  • Insights
  • Internet of Things eBook
  • Isioma Adebayo
  • Isobel Murray
  • Iulia Filipeanu
  • Jacob Freeman
  • Janine Scheil
  • Jenny Kay
  • Joanna Tomlinson
  • Joe Ellis
  • Joe Gubats
  • Joe Kinnear
  • Junior Sustainability Consultant
  • Junior Sustainability Consultant (Data Administrator / Analyst)
  • Katerina Fytanoglou
  • Katie Brown
  • Kimran Johal
  • Liam Onions
  • Liviu-Marian Albu
  • Louise Russell
  • Lucy Curtis
  • M&E Consultancy
  • Madeleine Krivonozka
  • Madeleine Sträng
  • Managing Consultant (specialisation in Net Zero)
  • Mandatory Greenhouse Gas (GHG) Reporting
  • Mandy Bennett
  • Manuela Tarabuta
  • Marianne Fabius
  • Marius Arnautu
  • Matt Browne
  • Matt Matthias
  • Matthew Brundle
  • Meghan Johnson
  • Meike Borchers
  • Melf Asmussen
  • Metering Strategies
  • Michael Norton
  • Milan Schmidt
  • Minimum Energy Efficiency Standards (MEES)
  • More than just a benchmarking exercise: How to integrate GRESB into your ESG Strategy
  • Muna Aden
  • Natalie Deufemia
  • Natalie Sinha
  • Neil Dady
  • Net Zero Carbon
  • New Service Landing Page Draft
  • Nick Hogg
  • Non-domestic Energy Performance Certificates (EPCs)
  • Non-Financial Disclosure and Reporting (INREV, EPRA and GRI)
  • Oli Pye
  • On-site environmental compliance
  • Our Team
  • Pan-European Capabilities
  • Paul Sims
  • Paul Sutcliffe
  • Performance Improvement
  • Personal Assistant
  • Philippa Gill
  • Privacy Policy
  • Project Management
  • Rachael Entwistle
  • Rachel Spicer
  • Rahul Gautam
  • Real Estate Sustainability: Planning for 2018 and Beyond
  • Regulatory
  • Renewable Energy Systems
  • Reporting
  • Robbie Whiteside
  • Robin Morris-Weston
  • Rohith Gopi
  • Roxana Mojsiak
  • Ryan Sit
  • Sadie Hopkins
  • Sarah Harvey
  • Senior Sustainability Consultant
  • Senior Sustainability Consultant (specialisation in Building Optimisation and Green Building Certifications)
  • Senior Sustainability Consultant (specialisation in Energy Management)
  • Serwaa Boateng
  • SIERA
  • SIERA By Numbers Infographic
  • SIERA Webinar November 2017
  • SIERA+
  • Simon Cripps
  • Smart Buildings
  • Software Tester
  • Sonny Masero
  • Stuart Leaver
  • Sustainability Assessments
  • Sustainability Consultancy
  • Sustainability Consultant
  • Sustainability Software
  • Sustainability Strategy ISO 14001
  • Sustainability Training
  • Technical Engineering
  • Technical Product Manager
  • Terms and Conditions
  • Test Page
  • Thank You
  • Thank You for your enquiry
  • Thank You Opt In
  • Thomas Hutton
  • Tom Swan
  • Tom Winchester
  • Training Webinars
  • Valerie Arnold
  • Verena Luecking
  • Videos
  • Voluntary Reporting Initiatives (GRESB, CDP, DJSI, FTSE4GOOD)
  • Work for EVORA

Categories

  • Compliance
  • Data
  • Energy
  • News & Views
  • Sustainability

Archive

  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014

Quick links

About Us
ESG Strategy
GRESB Reporting
Climate Resilience
Data Intelligence
Latest News & Views
Careers at EVORA
Contact Us

Head Office

The Hop Exchange, Suite 73-74
24 Southwark Street
London, SE1 1TY

+44 (0)20 3326 7333

info@evoraglobal.com

© EVORA Global Limited 2019
  • Twitter
  • Linkedin
  • Instagram
  • Youtube
  • Contact Us
  • Privacy
  • Cookies
  • Terms
Scroll to top
This site uses cookies. Learn more here.