sustainability case study

ESG Due diligence
berliner höfe

Name & Location

Berliner Höfe
Berlin, Germany

Type

Office

Constructed

1873

Tenant Area

9,270 m²

Project Details

EnviroSustain conducted an ESG Due Diligence during the transaction process of the asset Berliner Höfe in Berlin, Germany. This Due Diligence was carried out as part of the overall Due Diligence process in order to align the asset to the overall ESG strategy of the respective fund. It comprised an asset level compliance check, a pre-check for a potential green building certification, assessments on health and wellbeing, energy efficiency and stakeholder engagement. Furthermore, the alignment with the existing ESG policy of the fund was assessed.EnviroSustain conducted an ESG Due Diligence during the transaction process of the asset Berliner Höfe in Berlin, Germany. This Due Diligence was carried out as part of the overall Due Diligence process in order to align the asset to the overall ESG strategy of the respective fund. It comprised an asset level compliance check, a pre-check for a potential green building certification, assessments on health and wellbeing, energy efficiency and stakeholder engagement. Furthermore, the alignment with the existing ESG policy of the fund was assessed.

Some open issues were found as regards the asset’s compliance with current regulations which were also addressed by the Technical Due Diligence team. Immediate opportunities to improve the asset’s energy efficiency were found and further detailed by an energy audit. Further recommendations were made as regards the annual reporting requirements (e. g. metering strategy), health and wellbeing, and stakeholder engagement. The green building pre-check was used as a basis to decide on the adequate certification strategy both for the existing building and the planned extension.

The benefits of an ESG Due Diligence can be summarised as follows:
 

  • The asset manager receives an overview of ESG relevant qualities of the building at the time of acquisition.
  • Reporting needs are addressed in a timely manner, so a higher data coverage (energy, water, waste…) can be achieved.
  • An asset sustainability plan can be drawn up based on the outcome of the ESG DD. Applicable measures can be further detailed together with the asset manager.
  • Foundation for all following ESG meetings and target control of the fund.

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