The greener a building is, the higher its profitability

08
May
2025
News Article CSRD Czech Republic ESG green buildings report SFDR sustainability

by Property Forum | Report

The European Commission’s recent pause on reporting obligations for the Corporate Sustainability Reporting Directive (CSRD) is consequential for real estate investors’ Sustainable Finance Disclosure Regulation (SFDR) compliance. Without the CSRD requirement, funders’ ability to collect asset data for SFDR disclosure becomes more difficult. Yet because real estate developers and portfolio managers have a profit-driven imperative to measure and maximise operational efficiencies, they are well positioned to meet investors’ data requirements. Particularly to secure financing for “dark green” or “light green” retail funds, as defined by the SFDR, real estate firms must continue complying with financer mandates. Jaroslav (Jaro) Mida of MINT group discusses why operating measurably high-efficiency real estate is the pragmatic choice for funders, developers and the environment in an article prepared for Property Forum by Lisa Chase (Lucky Fish Research & Communications).


Headquartered in Prague, MINT invests in and operates commercial and residential properties across Central and Eastern Europe. Jaro explains that the “greener” a building is, the higher its profitability, so designing, constructing and operating high-performing buildings is a pragmatic strategy. Determining a building’s environmental performance requires integrating measurement systems to track energy and water use.  MINT collects this data directly from its commercial and residential buildings, rather than relying on tenants to share metered data. By controlling the data harvesting, MINT can ensure consistent building performance measurement for funding partners like Belgium’s KBC Group, and institutional investors such as Amundi Asset Management, Shinhan FG and Hana FG. MINT can also continuously assess the environmental and financial performance of its portfolio, while potentially adjusting building operations.

To extend the value of its operational tracking system, MINT has enlisted Walvius Partners to deploy the GRESB real estate assessment and reporting tool. GRESB allows a building’s performance to be assessed for its alignment with SFDR-defined “green” funds. Jaro emphasises that GRESB can also evaluate an entire company’s environmental sustainability, along with its assets, against a broad range of internationally recognised standards. This competence provides MINT’s funding partners with an added level of confidence that MINT’s investments are aligned with their institutional priorities. Although not required to publicly disclose its assets’ environmental performance, MINT publishes this information on the firm’s website.

While MINT’s portfolio includes renovated buildings, Jaro explains that these properties are typically not appropriate for inclusion in “green” or “light green” funds. This is partly a result of the difficulty – or in some cases impossibility – of securing accurate Energy Performance Certificates (EPCs) for older renovated buildings, because properties in most historical city centres are not allowed to be significantly altered. The EPC, specified by the Energy Performance of Buildings Directive (EPBD), denotes a commercial or residential property’s energy efficiency profile and therefore its suitability for inclusion in an investor’s SFDR-aligned “green” funds. Without a credible EPC, a bank or investor cannot reliably evaluate a building’s performance or its ability to produce operational data for SFDR compliance.

Article continues

To continue reading the article, sign-in. If you don't have an account, register now!




Latest news


New leases

  • NN is relocating its offices to One Cotroceni Park in Bucharest. The company has leased 2,300 sqm in a deal brokered by Knight Frank.
  • Raben Logistics has leased 3,500 sqm in ELI Park Bacău in a bid to streamline its distribution operations in Romania.
  • The largest salon of the Ochnik brand in the Podkarpacie region of Poland was opened in the Plaza Rzeszów Shopping Centre. The store occupies an area of over 430 sqm.

New appointments

  • At the beginning of the year, Roberto Mateos, an experienced hotelier who has been with the Barceló Hotel Group for almost two decades, took over as general manager of the Barceló Warsaw Powiśle hotel.
  • Axi Immo is strengthening its organisational structure by appointing Danuta Dzierżak as Business Development Director. In her new role, she will be responsible for developing all business lines, acquiring new clients, and building relationships with key business partners in Poland and abroad.
  • Avison Young has announced several promotions within its Poland operations. In the Valuation and Advisory department, Agnieszka Bogucka and Marta Marat have both been promoted to Senior Valuer. In the Investment Advisory department, Artur Czuba has been promoted to Director. The Office Agency department has promoted Filip Filipowicz to Senior Consultant. In the Technical Advisory department, Kamil Olechniewicz has been promoted to Senior Project Manager. Additionally, Renata Zielińska took the position of Senior Consultant in the Investment department.


Latest news

News HelloParks hits full EU Taxonomy standard for Hungarian portfolio
21
May
2025

HelloParks hits full EU Taxonomy standard for Hungarian portfolio

by Forum Property
Industrial developer HelloParks has announced that all of its warehouse buildings in Hungary comply with the stringent requirements of the EU Taxonomy, making it the sole recipient of this recognition in the country to date.
Read more >
News Hungarian construction sees slow start in 2025
21
May
2025

Hungarian construction sees slow start in 2025

by Forum Property
The Hungarian construction sector experienced a significant slowdown in Q1 2025, with the value of new construction starts dropping sharply compared to the previous quarter and the same period last year. This weak start comes despite a surge in activity at the close of 2024, driven by major project launches.
Read more >
News Czech real estate market rises, yields remain stable
21
May
2025

Czech real estate market rises, yields remain stable

by Forum Property
The first quarter of 2025 has been marked by extraordinary activity on the Czech commercial real estate market. According to Colliers, total investment volume reached €1.48 billion, already surpassing the full-year 2023 results of €1.15 billion. Several large transactions with a value above €100 million contributed to this record.
Read more >


ABOUT US

Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
Please send press releases to
newsdesk AT property-forum DOT eu
MORE >

CONTACT

NEWSLETTER

Sign up today for the latest news

I have read the Privacy Policy of International Property Network Inc. and I consent to International Property Network Inc. sending me newsletters and managing my personal data provided for this purpose.

 

Property Forum © 2017 – 2025 | Terms & conditions | Privacy policy