Investment solutions Global Real Estate
The International Energy Agency (IEA) estimates that buildings are responsible for one-third of all CO2 emissions, 40% of energy consumption and 50% of the consumption of all natural resources. Sustainability considerations are therefore a core element of investment decisions.
For all its investment products, the Global Real Estate unit at Credit Suisse Asset Management follows the international standards for sustainability reporting, thus providing greater transparency for investors and optimizing the performance of the property portfolio itself. As well as systematically collecting details of energy and CO2 consumption, water usage, and waste details are also recorded.
Better insulation of the building envelope and replacing heating systems are the most effective ways of cutting CO2 emissions, offering huge potential. However, the necessary building work on walls, roofs, and windows – which may include full replacement – require sizable investment. The same applies to modernizing or replacing heating systems. This may involve replacing oil heating with a long-distance heating system, heat pumps or wood-fired heaters, or installing solar panels on roofs. The key consideration in this regard is not about generating extraordinary investment, but rather viewing the investments that are required as part of the normal maintenance and repair cycle from the sustainability perspective.
Environmental impact of real estate
The International Energy Agency (IEA) estimates that real estate investments cause
of global CO2 carbon emissions
of global energy consumption
of global resource consumption
In 2010, Credit Suisse’s Global Real Estate unit decided to aim for the greenproperty quality seal or comparable standards for all new buildings. The number of certified spaces and buildings has grown continuously since then. This year will see us obtain the greenproperty seal of quality for our 100th property.