Until now, the focus in the real estate sector has been primarily on reducing operational CO₂ emissions resulting from heat energy and electricity consumption. However, so-called grey CO₂ emissions – emissions generated during the production of building materials and construction processes – are increasingly coming to the forefront. The revised EU Energy Performance of Buildings Directive (EPBD) is gradually introducing binding requirements in this area.

Michael Denk, Managing Director of Quadoro Investment GmbH, commented on the expansion of the strategy: “By taking grey CO₂ emissions into account, we are taking a decisive step towards a holistic climate strategy in the real estate sector. In doing so, we are actively taking responsibility for the entire life cycle balance of our properties.”

A climate indicator based on a proprietary points system will be introduced for implementation. This takes into account both annual operational CO₂ emissions according to CRREM (Carbon Risk Real Estate Monitor) and estimated grey CO₂ emissions. The calculation is carried out by Sustainable Real Estate AG, Zurich. The basis for estimating grey emissions includes data from European Commission projects such as “Supporting the development of a roadmap for the reduction of whole life carbon of buildings”.

Further details on the climate indicator and the expanded sustainability strategy can be found in the updated fund documents.