For many assets a deep energy retrofit – a renovation of a building addressing all these components – will be needed. Our analysis of deep energy retrofit cases in office buildings indicates that the lower the energy consumption intensity before a retrofit, the higher the costs will be of reducing energy consumption intensity even further.
It is important that companies in the listed real estate sector address the challenges associated with energy consumption intensity policies and allocate capital accordingly. While manageable overall, we find that the additional CAPEX needed is not equally distributed among the sector’s companies. Some real estate companies seem better positioned for the energy transition than others, which might not be fully reflected in current stock price valuations.
This report is not available for users from countries where the offering of foreign financial services is not permitted, such as US Persons.
Your details are not shared with third parties. This information is exclusively intended for professional investors. All requests are checked.
The information contained in the website is solely intended for professional investors. Some funds shown on this website fall outside the scope of the Dutch Act on the Financial Supervision (Wet op het financieel toezicht) and therefore do not (need to) have a license from the Authority for the Financial Markets (AFM).
The funds shown on this website may not be available in your country. Please select your country website (top right corner) to view the products that are available in your country.
Neither information nor any opinion expressed on the website constitutes a solicitation, an offer or a recommendation to buy, sell or dispose of any investment, to engage in any other transaction or to provide any investment advice or service. An investment in a Robeco product should only be made after reading the related legal documents such as management regulations, prospectuses, annual and semi-annual reports, which can be all be obtained free of charge at this website and at the Robeco offices in each country where Robeco has a presence.