For European real estate to grow, sustainable solutions need to be targeted
Today’s ESG Updates
The latest report by IMARC Group shows the European real estate sector experiencing significant growth, with the market size reaching USD 1.6 billion in 2024 and expected to hit USD 2.4 billion by 2033. Market trends are increasingly dictated by sustainable solutions and a shift to remote work. Innovations like Proptech are further transforming the industry with virtual tours and blockchain contracts. Real estate is shifting towards sustainability with businesses requiring ESG solutions to keep up with market demands.
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Further reading: Europe Real Estate Market Expected to Reach USD 2.4 Billion by 2033 – IMARC Group
Swiss lawmakers have voted to retain State Street Corp. as the custodian for a $52 billion pension fund, rejecting a proposal to shift control due to concerns over potential US intervention under President Trump’s administration. The decision received a 98-89 vote and supports the Swiss Government’s advice to avoid costly contract changes. The outcome benefits State Street, avoiding USBs outcome in 2023 but is a divisive move in the current political landscape.
Photo Credit: Louis Droege
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Further reading: Swiss Keep State Street for Pensions, Dismissing Trump Fears
Shares in European truck makers fell after the US Environmental Protection Agency (EPA) moved to reverse the Biden administration’s vehicle emissions rules. This decision is a blow to the pre-purchase surge expected by manufacturers, as fleet companies had planned to buy trucks ahead of stricter regulations. Daimler Truck saw a 5% drop with Volvo and Traton also experiencing a decline in share prices. Analysts expressed concerns over reduced future sales, with some highlighting the negative impact on both environmental goals and business fundamentals.
Photo Credit: Wikimedia Commons
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Further Reading: European truck shares fall on US electric vehicle rule reversal
Consumers are demanding for more sustainable products within the home appliance industry as it continues to contribute to 15% of global emissions. While the sector has made huge progress in Scope 1 and 2 emission reduction, it has yet to tackle the 98% product impact from Scope 3 emissions. Consumers are calling for longer-lasting and more recyclable goods to create a circular economy. Businesses can acquire ESG tools to meet the changing consumer demands.
Photo Credit: Zoshua Colah
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Further reading: White goods are hurting our planet. It’s time to get serious about cutting emissions
Editor’s Note: The opinions expressed here by the authors are their own, not those of impakter.com — Cover Photo Credit: Tierra Mallorca
Peter is a Geography graduate passionate about sustainability and storytelling. His background in both human and physical geography help him to contribute an interdisciplinary viewpoint on ESG reporting. His passion for travel and the automotive world are what drive him to raise awareness around environmental consciousness.
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Impakter informs you through the ESG news site and empowers your business CSRD compliance and ESG compliance with its Klimado SaaS ESG assessment tool marketplace that can be found on: www.klimado.com
Registered Office Address
Klimado GmbH
Niddastrasse 63,
60329, Frankfurt am Main, Germany
IMPAKTER is a Klimado GmbH website
Impakter is a publication that is identified by the following International Standard Serial Number (ISSN) is the following 2515-9569 (Printed) and 2515-9577 (online – Website).
Office Hours – Monday to Friday
9.30am – 5.00pm CEST
Email
stories [at] impakter.com
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© 2024 IMPAKTER. All rights reserved.