EU taxonomy was intended to provide a system for the classification of environmentally and financially sustainable economic activities.  It is essentially a green label for the investment of over a trillion euros.  Also called the "Sustainable Finance Taxonomy", it's about subsidized financing and lots of money.  The t ...

Asset managers conduct annual portfolio reviews and tenant engagement surveys to identify and manage potential obsolescence issues.  Future pricing is a concern and they understand the risk that many obsolete assets may soon be on the market at the same time, pushing prices down.  Thus, lenders and investors are focusi ...

Countries are transitioning to low carbon, sustainable and climate-resilient economies.  The action taken by states on climate change and sustainability will affect the profitability and viability of many existing investments and commercial arrangements.  Significant changes to the investment environment in the name of ...

The European Commission (EC) consulted with the general public and key stakeholders to regulate green claims in marketing and combat greenwashing.  The consultation assessed the reliability and scope of current labels/initiatives and reviewed the current greenwashing practices that mislead market actors and reduce sust ...

2021 was a significant year for climate litigation.  This post highlights some of the most significant decisions in climate litigation and their implication for the future.  The verdicts show that courts increasingly recognize climate change as a human rights issue and that judges are prepared to order both states and ...

The EU plans to regulate the renovation of already existing, poorly insulated or ventilated buildings to become carbon neutral by 2050.  The "nearly net-zero" energy efficiency standards for new builds are set to be strengthened.  For the initiative, the Commission will make up to €150bn in regional development, cohesi ...

The majority of hotel carbon emissions result from operational energy consumption.  With 80% of hotels in 2050 already in existence, this white paper sets out a high-level framework and prioritizes interventions throughout the remaining life cycle of the existing building stock.  The paper addresses the net-zero carbon ...

Sustainable Interior Architecture and Design (SIAD) impacts energy conservation as well as occupants’ satisfaction, comfort, and physical and psychological wellbeing.  Although its adoption is necessary for achieving the sustainable development and operation of the built environment as well as the relevant sustainable ...

Stewardship is the use of influence by institutional investors to maximize long-term value, including the value of common social, environmental and economic assets on which returns and stakeholder interests depend.  Stewardship and ESG incorporation calls for the inclusion of ESG factors in investment and capital alloc ...

Companies globally are increasingly required to provide disclosure that is reliable, consistent, and comparable.  They are facing increased pressure across the world to justify their sustainability label – "green labeling".  The US Securities and Exchange Commission (SEC) has also voiced the importance of clear, consis ...

This article explores ESG – environmental, social and (corporate) governance – in the hotel sector by examining the ESG factors in hospitality and reviewing the role of ESG in a hotel’s life cycle.  While environmental needs are the most pressing and environmental efforts are more measurable, social and governance fact ...

Published in 2013, the report contributed to the development of a post-2015 agenda and the Paris Agreement adopted in 2015 by the United Nations.  It set out a universal agenda to eradicate extreme poverty globally by 2030 and deliver on the promise of sustainable development.  The report addressed issues that are crit ...

On the Italian Adriatic coast in the province of Rimini, more than 350 hotels are up for sale.  According to estimates, €320 million would be enough to buy a good third of them.  In Rimini alone, 159 buildings are now on the market, several of them with four and five stars.  It is not only the Corona pandemic that has ...

The overall goal of sustainable development is to meet our needs today without compromising the ability of future generations to meet theirs.  The implementation of the sustainable development concept is our greatest challenge.  This special issue invites researchers to the scientific debate on its challenges and oppor ...

Successful sustainable development of projects largely depends on the level of clients’ commitment to sustainable construction practices.  This survey found that the most influential factors were client knowledge and awareness; cost implication and mechanism of financial involvement; economic value and return on invest ...