In Europe, buildings account for one third of CO2 emissions
Climate protection and the achievement of climate protection goals are of utmost importance! Society, politics and business must become even more involved. The members of the ECORE initiative have developed a scoring standard to make sustainability in real estate portfolios transparent, measurable and comparable. This is the basis for a continuous optimisation towards CO2 neutrality.
Asset Partner
Finance Partner
Community Partner
ESG-Solution Partners
Initiated by
In cooperation with industry associations and initiatives
Quotes
The way we want to achieve our goal in practice
Scoring & Benchmarking
In addition to ESG issues, the scoring also maps the required taxonomy criteria of the Paris Climate Agreement and the EU Green Deal. Stakeholders can identify how well a property or portfolio meets the climate targets and ESG criteria based on a percentage value from zero to 100. Further key components are a high operational benefit for each investor and comparability within his peer group.
Best Practice
Investors and portfolio holders face major challenges on their way to CO2-neutral portfolios. A regular and trustful exchange on best practice approaches or success stories helps them to initiate the right measures to achieve climate protection goals. This philosophy has been followed by the ECORE initiative from the very beginning.
Networking
The targeted expansion of the sustainability network between investors, ESG solution partners, innovation drivers as well as banks, insurance companies and relevant industry associations is the basis for the necessary open and interdisciplinary exchange. The climate goal can only be achieved through increasing collaboration among all market participants.
The scoring includes all relevant aspects of environment, social and governance issues
ECORE-Verifier
The following companies offer ECORE-Verifier:
CASE Real Estate
Deloitte
Goldbeck
TME Associates
WüestPartner & Durable
Contact details for the individual verifiers can be found in the Member-Area.
Evaluate and compare buildings and portfolios individually using the ESG score (benchmarking)
Based on the uniform ESG criteria catalogue, a score is calculated that creates transparency for stakeholders (including tenants, investors, etc.) across all providers as to where the properties or portfolios are on the path to CO2 neutrality.
Investors, banks and insurance companies are enabled to classify real estate products in terms of their sustainability in the overall market within the framework of investment and financing processes.
ESG scoring with a clear USP
Regulatory requirements considered
All current regulatory requirements regarding the fulfilment of disclosure and management obligations for sustainability risks and opportunities are mapped.
Proportionate effort
The development was also focused on achieving a proportionality of the ESG scoring in terms of survey effort and costs.
Cross-portfolio view
The holistic approach takes into account cross-portfolio requirements and does not focus exclusively on the risk assessment of properties.
Cross-national comparability
ESG scoring enables international comparability of the performance of buildings and portfolios.
Best Practice
ECORE sees itself as a dialogue and best practice platform for an open and trusting exchange among ECORE members.
The further development and adaptation of ESG scoring to changing framework conditions is a central component
Networking
The fast-growing network of sustainability specialists among real estate investors is of great value for the achievement of the ESG goals.
The regular exchange with specialists (ESG Solution Partners ) who are responsible for the implementation of ESG solutions, is also established and successively expanded.
ECORE is committed to making a holistic contribution
For society
The members of the ECORE initiative are committed to making a significant contribution to the protection against the negative effects of the greenhouse effect
For our employees
The regular transfer of know-how helps the companies and their employees to successfully tread the decarbonisation path
For the real estate industry
The industry can only move forward in its own interest through a collaborative approach and a unified understanding
For investors and tenants
In order to enable stakeholders to transparently compare properties and real estate products, a recognised standard on sustainability is needed in the sector.
Become part of ECORE and get in touch with us!
If you have any questions about the work of the initiative or would like to become a member of the ECORE community, please feel free to contact us.