ESG PRODUCTS
THE PERFECT SOLUTION FOR ANY ESG STRATEGY
Since each investor has their own ESG strategy, instead of a single, one-size-fits-all solution ECE offers a variety of ESG products to support owners on their individual paths toward net zero. These products are developed by ECE Marketplaces’ central service unit Sustainable Operations & ESG, headed by Tobias Pickert, and ECE Group Services’ Sustainability and Corporate Communications department.
THE GOAL
Supporting individual routes to net zero
THE SOLUTION
ECE map2zero
We produce Energy Renovation Roadmaps for shopping center owners, to help them reach net zero one step at a time. Each roadmap includes a detailed report on the property’s energy performance and a list of the most efficient measures for achieving net zero (CRREM pathway), based on a computer-aided simulation of all key energy flows. A price is given for each measure, and they are arranged in a logical order for an investment strategy.
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ROADMAPS ARE ALREADY COMPLETE, WORK ON FOUR MORE IS ONGOING
THE GOAL
Financing for energy refurbishments
THE SOLUTION
Funding Management
The first step is to analyze funding potential. With the support of an expert, an application is then made for state, federal, or EU funding for energy refurbishment of a retail property or for individual energy-efficiency measures. ECE’s funding management service also includes liaising with funding providers, verification, and documentation.
1.7 Mio €
IN FUNDING SECURED SO FAR
THE GOAL
A robust ESG strategy for properties
THE SOLUTION
ECE guide2ESG
An overview showing 50 key ESG indicators for an individual property and the portfolio as a whole, and explaining these indicators’ significance for taxonomy/GRESB compliance, climate neutrality, and certifications. This provides a clear overall picture and a sound basis for developing an ESG strategy. At a joint workshop, an ECE team helps investors to formulate goals and measures for a precisely tailored ESG strategy.
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CENTERS HAVE CONDUCTED AN ESG ANALYSES
THE GOAL
Classification in accordance with EU Taxonomy
THE SOLUTION
Taxonomy-Check
Systematic assessment of a center to establish its classification under the EU Taxonomy, which determines which financial products and investments can be declared to be environmentally sustainable. The assessment looks at climate change mitigation targets and DNSH criteria, and the results are submitted to the DGNB.
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CENTERS HAVE ALREADY HAD A TAXONOMY CHECK
THE GOAL
Risk reduction
THE SOLUTION
Climate Risk Analysis
Analysis of the physical impacts of climate change on a center, with recommendations for risk reduction.
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The assessment is based on Swiss Re’s natural disaster models
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Future risk is quantified based on 12 climate risk scores for three climate change scenarios
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CENTERS HAVE ALREADY HAD A CLIMATE RISK ANALYSIS
ESG milestone
20,000 DIGITAL METERS!
In 2023, ECE launched the Energy and Environmental Management System (EUMS). 20,000 meters were brought into the digital era, marking a milestone for ESG reporting and the calculation of service charges. As well as improving the quality and frequency of reporting, the EUMS will also help centers become more energy-efficient.
Key advantages of the program:
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Digitizing meters allows them to be read remotely and means all energy use can be centrally logged and compared with all consumption data from 2018 onward.
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Energy savings can be verified by measurement.
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Professionalization increases the timeliness and quality of ESG reporting.
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ECE Marketplaces’ ESG Committee, from left: Tobias Pickert, Guido Beckmann, Ulrich Schmitz.